Maxis Berhad | Annual Report 2013

139 OVERVIEW OUR BUSINESS STRATEGIC REVIEW CORPORATE GOVERNANCE FINANCIAL STATEMENTS Maxis Berhad Annual Report 2013 OTHER INFORMATION 30 BORROWINGS GROUP COMPANY NOTE 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Current Secured Finance lease liabilities (a) 6,157 2,061 – – Unsecured Revolving credit (b) 500,000 – 500,000 – Syndicated term loan (c) 403,946 – 403,946 – 910,103 2,061 903,946 – Non-current Secured Finance lease liabilities (a) 11,795 4,921 – – Unsecured Syndicated term loans (c) 2,371,836 2,583,174 2,371,836 2,583,174 Term loans (d) 1,746,791 1,701,278 1,746,791 1,701,278 Islamic Medium Term Notes (e) 2,482,750 2,482,446 2,482,750 2,482,446 6,613,172 6,771,819 6,601,377 6,766,898 7,523,275 6,773,880 7,505,323 6,766,898 (a) Finance lease liabilities The Group leased certain assets under finance lease with terms of four to five years (2012: five years). The finance leases have remaining terms of two to four years (2012: three to four years) which the Group has options for another one to five years extension subject to renewal conditions by the lessor for certain leased assets. The weighted average effective interest rate of the Group’s finance lease liabilities is 11.91% (2012: 5.78%) per annum. These leases are effectively secured as the rights to the leased assets revert to the lessor in the event of defaults.