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153
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
30 BORROWINGS
Group
Company
Note
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Current
Secured
Finance lease liabilities
(a)
14,051
6,157
-
-
Unsecured
Revolving credit
(b)
-
500,000
-
500,000
Syndicated term loan
(c)
865,644
403,946
865,644
403,946
879,695
910,103
865,644
903,946
Non-current
Secured
Finance lease liabilities
(a)
11,855
11,795
-
-
Unsecured
Syndicated term loans
(c)
1,670,763
2,371,836
1,670,763
2,371,836
Term loans
(d)
1,790,997
1,746,791
1,790,997
1,746,791
Islamic Medium Term Notes
(e)
2,484,105
2,482,750
2,484,105
2,482,750
Commodity Murabahah Term Financing
(f)
2,160,669
-
2,160,669
-
8,118,389
6,613,172
8,106,534
6,601,377
8,998,084
7,523,275
8,972,178
7,505,323
(a) Finance lease liabilities
The Group leased certain assets under finance lease with terms of three to five years (2013: four to five years). The finance
leases have remaining terms of one to three years (2013: two 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 10.13% (2013: 11.91%) per annum. These
leases are effectively secured as the rights to the leased assets revert to the lessor in the event of defaults.
