Maxis Berhad
Annual Report 2014
182
Notes to the
Financial Statements
31 December 2014
33 FINANCIAL RISK MANAGEMENT (CONTINUED)
(e) Fair value estimation (continued)
(ii) Financial instruments carried at fair value
The following table represents the assets and liabilities measured at fair value, using Level 2 valuation technique, at
reporting date:
Group and Company
Note
2014
RM’000
2013
RM’000
Derivative financial instruments (CCIRS and IRS):
- assets
244,452
144,750
- liabilities
(15,848)
(117,128)
21
228,604
27,622
The fair value of the derivative financial instruments is calculated as the present value of estimated future cash flow using
an appropriate market-based yield curve.
(f) Offsetting financial assets and financial liabilities
(i) Financial assets
The following financial assets are subject to offsetting, enforceable master netting arrangements and similar arrangements.
Gross amounts
of recognised
financial assets
Gross amounts
of recognised
financial
liabilities set-off
in the statement
of financial
position
Net amounts
of financial
assets
presented in
the statement
of financial
position
Related amounts not set-off
in the statement of
financial position
Group
Financial
instruments
Cash
collateral
received
Net
amount
RM’000
RM’000
RM’000 RM’000 RM’000 RM’000
At 31 December 2014
Receivables and deposits
434,701
(87,403)
347,298
-
(32,137)
315,161
Amount due from a fellow subsidiary
508
(66)
442
-
-
442
Amounts due from related parties
590
(391)
199
-
-
199
435,799
(87,860)
347,939
-
(32,137)
315,802
