Maxis Berhad
Annual Report 2014
154
Notes to the
Financial Statements
31 December 2014
30 BORROWINGS (CONTINUED)
(a) Finance lease liabilities (continued)
Finance lease liabilities represent outstanding obligations payable in respect of assets acquired under finance lease commitment
and are analysed as follows:
Group
2014
RM’000
2013
RM’000
Not later than one year
15,555
7,878
Later than one year and not later than five years
12,858
13,775
28,413
21,653
Less: Future finance charges
(2,507)
(3,701)
Present value
25,906
17,952
Representing lease liabilities:
- current
14,051
6,157
- non-current
11,855
11,795
25,906
17,952
(b) Current unsecured revolving credit
The RM500,000,000 revolving credit facility drawn down in the prior year was fully repaid on its maturity date, 22 September
2014.
(c) Non-current and current unsecured syndicated term loans
(i) USD750,000,000 syndicated term loan
This syndicated term loanwas drawn down on 24 February 2010 and is repayable in six semi-annual instalments commencing
on 24 August 2014 with final maturity on 24 February 2017. The initial instalment of the loan of USD123,750,000 was
repaid on 26 August 2014. As disclosed in Note 21 to the financial statements, the Company has entered into CCIRS where
the principal sum and interest under this term loan is hedged against fluctuations in USD/RM exchange rate and in LIBOR.
(ii) USD100,000,000 syndicated term loan
This syndicated term loan was drawn down on 13 August 2010 and is repayable in one lump sum on the loan’s maturity
date, 13 August 2020. As disclosed in Note 21 to the financial statements, the Company has entered into CCIRS where the
principal sum and interest under this term loan is hedged against fluctuations in USD/RM exchange rate and in LIBOR.
