Maxis Berhad | Annual Report 2013

Maxis Berhad | Annual Report 2013 122 17 INTEREST IN SUBSIDIARIES COMPANY NOTE 2013 2012 RM’000 RM’000 Non-current assets: - investments in subsidiaries 18 35,019,383 35,015,724 - loans to subsidiaries (a) 1,205,703 1,325,916 Current assets: - amounts due from subsidiaries (b) 124 52 - loan to a subsidiary (a) 150,000 – Current liabilities: - amounts due to subsidiaries (b) (2,616) (1,101) - loans from a subsidiary (a) (400,000) – 35,972,594 36,340,591 (a) Loans to/(from) subsidiaries - Interest bearing The terms of the loans are as follows: COMPANY 2013 2012 PRINCIPAL LOANS OUT- PRINCIPAL LOANS OUT- CURRENCY AMOUNT STANDING AMOUNT STANDING DENOMINATION REPAYMENT TERMS RM’000 RM’000 RM’000 RM’000 1,200,000 1,205,703 1,200,000 1,205,486 RM The loan is repayable based on a scheduled repayment as below: MONTHS AFTER THE FIRST DRAWDOWN INSTALMENT % 72 27.8 78 35.1 84 37.1 150,000 150,000 – – RM The loan is repayable in the financial year ending 31 December 2014. – – 120,000 120,430 RM The loan was fully repaid during the financial year ended 31 December 2013. 1,350,000 1,355,703 1,320,000 1,325,916 (400,000) (400,000) – – RM The loans are repayable in the financial year ending 31 December 2014. The loans to/(from) subsidiaries are unsecured and carry interest rates ranging from 4.85% to 5.00% per annum (2012: 3.96% to 5.00%) as at the reporting date. (b) Amounts due from/(to) subsidiaries - Non-interest bearing The amounts due from/(to) subsidiaries are unsecured and with 30 days credit period (2012: 30 days). NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2013 Continued