Maxis Berhad | Annual Report 2013

Maxis Berhad | Annual Report 2013 134 25 FELLOW SUBSIDIARIES AND PENULTIMATE HOLDING COMPANY BALANCES GROUP COMPANY 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Current assets: - amount due from a fellow subsidiary – 1,674 – – - amount due from penultimate holding company 302 446 36 1 Current liability: - amounts due to fellow subsidiaries (3,648) (29) – – (3,346) 2,091 36 1 The amounts due from/(to) fellow subsidiaries and penultimate holding company are unsecured, non-interest bearing and with 30 days credit period (2012: 30 days). 26 RELATED PARTIES BALANCES GROUP NOTE 2013 2012 RM’000 RM’000 Current asset: - amounts due from related parties (a) 23,519 12,929 Current liability: - amounts due to related parties (a) (23,225) (25,928) Non-current liability: - loan from a related party (b) (28,875) (38,188) (a) The amounts due from/(to) related parties are trade in nature, unsecured, interest free and ranging from 1 to 60 days credit period (2012: 1 to 60 days). (b) Loan from a related party is unsecured and is denominated in RM. The principal and interest of the loan are repayable at the end of five years from the drawdown date of 9 December 2005 and has been extended for another five years, expiring on 9 December 2015, with the outstanding interest at the extension date being capitalised. During the financial year, the Group has partially repaid the principal and interest of RM11,586,000 (2012: RM Nil). The effective interest rate as at the reporting date is 7.60% per annum (2012: 7.60%). NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2013 Continued