Telstra 2011 Annual Report Download - page 169

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Telstra Corporation Limited and controlled entities
154
Notes to the Financial Statements (continued)
(c) Hedge relationships (continued)
18. Financial risk management (continued)
Table I Telstra Group - 30 June 2010
Derivative hedging instruments - cross currency and interest rate swaps
Final currency and interest
positions
Face value Notional/Face value Notional/Face Value
Pre hedge
underlying
exposure
Interest rate
swap receive
fixed/(pay)
float
Cross
currency
swap receive/
(pay) float
Cross
currency
swap receive
fixed
Cross
currency
swap receive/
(pay) float
Cross
currency
swap pay
fixed
Interest rate
swap receive
float/(pay)
fixed
(Pay)/receive
float Pay fixed
Native
currency Native currency Final leg - Australian dollar Australian dollar
$m $m $m $m $m $m $m $m $m
In hedge relationships
Offshore borrowings - fixed
Swiss francs. . . . . . . . (550) (550) 550 - (599) - (328) (271) (328)
Euro . . . . . . . . . . . (3,500) (3,500) 3,500 - (5,679) - (3,679) (2,000) (3,679)
British pound . . . . . . . (200) (200) 200 - (584) - (360) (224) (360)
Hong Kong dollar . . . . . (330) - - 330 (50) - - (50) -
Japanese yen . . . . . . . (43,000) - - 43,000 (465) (163) (348) (117) (511)
United States dollar . . . . (670) (500) 500 170 (1,177) - (550) (627) (550)
Offshore borrowings - floating
Australian dollar . . . . . . (250) - - - - - (250) - (250)
Euro . . . . . . . . . . . (1,500) (1,500) 1,500 - (2,488) - - (2,488) -
Japanese yen . . . . . . . (3,000) - 3,000 - (47) - - (47) -
United States dollar . . . . (791) - 791 - (806) (106) - (806) (106)
Domestic loans - floating
Australian dollar . . . . . . (275) - - - - - (275) - (275)
Net foreign investments
Hong Kong dollar - - (4,200) - 685 - - 685 -
(11,210) (269) (5,790) (5,945) (6,059)