Maxis Berhad | Annual Report 2013

Maxis Berhad | Annual Report 2013 128 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2013 Continued 21 DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED) The details of the derivative financial instruments are set out as below: (a) CCIRS COM- CONTRACT/ MENCEMENT NOTIONAL DATE AMOUNT EXCHANGE RATE INTEREST RATE RM’000 24 February 2010 2,550,000 The Group and Company pay RM in exchange for receiving USD at a predetermined exchange rate of RM3.40 to USD1.00 according to the scheduled principal and interest repayment of the syndicated loan in which principal exchange occurs semi-annually commencing from the fourth year of the syndicated loan. The Group and Company pay a fixed interest rate of 4.75% per annum in exchange for receiving London Interbank Offered Rate (“LIBOR”) plus a spread on the amortising outstanding principal amount. 13 August 2010 314,500 The Group and Company pay RM in exchange for receiving USD at a predetermined exchange rate of RM3.145 to USD1.00 for its principal and interest in which at the end of the tenure, principal is on bullet repayment basis. The Group and Company pay a fixed interest rate of 5.25% per annum in exchange for receiving LIBOR plus a spread on the notional principal amount. 28 February 2011 304,900 The Group and Company pay RM in exchange for receiving USD at a predetermined exchange rate of RM3.048 to USD1.00 and RM3.050 to USD1.00 on each USD50 million respectively for its principal and interest in which at the end of the tenure, principal is on bullet repayment basis. The Group and Company pay Kuala Lumpur Interbank Offered Rate (“KLIBOR”) plus a spread in exchange for receiving LIBOR plus a spread on the notional principal amount. 28 February 2011 167,300 The Group and Company pay RM in exchange for receiving SGD at a predetermined exchange rate of RM2.39 to SGD1.00 for its principal and interest in which at the end of the tenure, principal is on bullet repayment basis. The Group and Company pay KLIBOR plus a spread in exchange for receiving Singapore Swap Offer Rate (“SOR”) plus a spread on the notional principal amount. 14 June 2011 227,250 The Group and Company pay RM in exchange for receiving USD at a predetermined exchange rate of RM3.03 to USD1.00 for its principal and interest in which at the end of the tenure, principal is on bullet repayment basis. The Group and Company pay a fixed interest rate of 4.99% in exchange for receiving LIBOR plus a spread on the notional principal amount.