Maxis Berhad
Annual Report 2014
170
Notes to the
Financial Statements
31 December 2014
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:
Group
Weighted
average
effective
interest rate/
profit margin at
reporting date
(per annum)
Total
carrying
amount
Floating
interest rate
< 1 year
Fixed interest rate/profit margin
< 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 2014
Deposits with licensed banks
3.82
1,422,723
- 1,422,723
-
-
-
Trade payables
2.54
(557,323)
(557,323)
-
-
-
-
Finance lease liabilities
10.13
(25,906)
-
(14,051)
(6,768)
(5,087)
-
Syndicated term loans
1.87 (2,536,407) (2,536,407)
-
-
-
-
Term loans
3.58 (1,790,997)
(1,790,997)
-
-
-
-
Islamic Medium Term Notes
5.01
(2,484,105)
-
-
-
- (2,484,105)
Commodity Murabahah Term
Financing
4.87 (2,160,669)
(2,160,669)
-
-
-
-
Loan from a related party
7.85
(28,875)
(28,875)
-
-
-
-
Gross exposure
(8,161,559)
(7,074,271)
CCIRS and IRS:
- syndicated term loans
4.82
2,536,407 (865,644) (864,056) (459,016) (347,691)
- term loans
4.54
960,028
-
-
- (960,028)
Net exposure
(3,577,836)
