Maxis Berhad | Annual Report 2013

153 OVERVIEW OUR BUSINESS STRATEGIC REVIEW CORPORATE GOVERNANCE FINANCIAL STATEMENTS Maxis Berhad Annual Report 2013 OTHER INFORMATION 33 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Market risk (continued) (ii) Interest rate risk (continued) The net exposure of financial assets and financial liabilities of the Group and of the Company to interest rate risk (before and after taking effect of cross currency interest rate swap and interest rate swap contracts) and the periods in which the borrowings mature or reprice (whichever is earlier) are as follows: WEIGHTED AVERAGE EFFECTIVE INTEREST RATE/ FLOATING PROFIT MARGIN AT TOTAL INTEREST REPORTING DATE CARRYING RATE FIXED INTEREST RATE/PROFIT MARGIN GROUP (PER ANNUM) AMOUNT < 1 YEAR < 1 YEAR 1-2 YEARS 2-5 YEARS > 5 YEARS % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 31 December 2013 Deposits with licensed banks 3.18 708,023 – 708,023 – – – Trade payables 2.48 (237,130) (237,130) – – – – Finance lease liabilities 11.91 (17,952) – (6,157) (5,313) (6,482) – Revolving credit 4.12 (500,000) (500,000) – – – – Syndicated term loans 1.87 (2,775,782) (2,775,782) – – – – Term loans 3.28 (1,746,791) (1,746,791) – – – – Islamic Medium Term Notes 5.01 (2,482,750) – – – – (2,482,750) Loan from a related party 7.60 (28,875) (28,875) – – – – Gross exposure (7,081,257) (5,288,578) CCIRS and IRS: - syndicated term loans 4.81 2,775,782 (403,946) (807,429) (1,239,367) (325,040) - term loans 4.33 942,939 – – – (942,939) Net exposure (1,569,857) At 31 December 2012 Deposits with licensed banks 3.07 881,585 – 881,585 – – – Trade payables 2.33 (58,597) (58,597) – – – – Finance lease liabilities 5.78 (6,982) – (2,061) (2,183) (2,738) – Syndicated term loans 1.94 (2,583,174) (2,583,174) – – – – Term loans 3.32 (1,701,278) (1,701,278) – – – – Islamic Medium Term Notes 5.01 (2,482,446) – – – – (2,482,446) Loan from a related party 7.60 (38,188) (38,188) – – – – Gross exposure (5,989,080) (4,381,237) CCIRS and IRS: - syndicated term loans 4.81 2,583,174 – (368,746) (1,911,818) (302,610) - term loans 4.33 926,188 – – – (926,188) Net exposure (871,875)