Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 179 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 33 FINANCIAL RISK MANAGEMENT (CONTINUED) (e) Fair value estimation (i) Financial instruments carried at amortised cost The carrying amounts of non-current financial assets and liabilities of the Group and of the Company at the reporting date approximated their fair values except as set out below: Group Company Carrying Fair Carrying Fair Note amount value amount value RM’000 RM’000 RM’000 RM’000 At 31 December 2012 Financial asset: Loans to subsidiaries 17 – – 1,205,486 1,192,548 Financial liability: Borrowings - finance lease liabilities 30(a) 4,921 4,604 – – At 31 December 2011 Financial asset: Loans to subsidiaries 17 – – 1,205,758 1,204,457 Financial liabilities: Payables and accruals 29 1,213 1,138 – – Borrowings - finance lease liabilities 30(a) 21,707 19,458 – – At 1 January 2011 Financial asset: Loans to subsidiaries 17 – – 1,522,717 1,577,622 Financial liabilities: Payables and accruals 29 4,322 3,934 – – Borrowings - finance lease liabilities 30(a) 17,020 15,048 – – The basis for determining fair values is disclosed in Note 3(i) to the financial statements.