Telstra 2013 Annual Report Download - page 131

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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 129
(a) Risk and mitigation (continued)
Market risk (continued)
(i) Interest rate risk (continued)
(*) The average rate is calculated as the weighted average (based
on principal/notional value) effective interest rate, as at reporting
date.
(^) Rates on cash and cash equivalents represent average rates
earned on net positive cash balances after taking into account bank
set-off arrangements.
18. FINANCIAL RISK MANAGEMENT (CONTINUED)
Table A Telstra Group
As at 30 June 2013 As at 30 June 2012
Principal/
notional
receivable/
(payable)
$m
Weighted
average
% (*)
Principal/
notional
receivable/
(payable)
$m
Weighted
average
% (*)
Fixed rate instruments - Australian interest rate
Cross currency and interest rate swap payable . . . . . . . . . . . . . . . . . . . (7,311) 5.88 (5,841) 6.17
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (226) 7.63 (123) 7.73
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (1,253) 7.47 (1,754) 7.20
Offshore loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (140) 6.10 (140) 6.10
Fixed rate instruments - foreign interest rates
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (54) 9.38 (16) 22.50
Offshore loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) 12.0 (201) 7.65
(8,988) (8,075)
Variable rate instruments - Australian interest rates
Contractual repricing or maturity 3 months or less
Cash and cash equivalents (^) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,065 3.22 3,539 4.31
Cross currency swap receivable (#) . . . . . . . . . . . . . . . . . . . . . . . . . 520 2.82 460 3.54
Cross currency and interest rate swap payable . . . . . . . . . . . . . . . . . . . (5,893) 4.37 (7,082) 5.50
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (5) 12.58 (1,000) 4.55
Promissory notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - (187) 4.36
Contractual repricing or maturity 3 to 12 months
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (500) 6.48 (500) 7.44
Forward contract liability - net . . . . . . . . . . . . . . . . . . . . . . . . . . . . (89) 2.08 (113) 2.78
Cross currency and interest rate swap payable . . . . . . . . . . . . . . . . . . . - - (328) 6.17
Variable rate instruments - foreign interest rates
Contractual repricing or maturity 6 months or less
Cash and cash equivalents (^) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 336 0.92 338 0.80
Cross currency swap payable (#) . . . . . . . . . . . . . . . . . . . . . . . . . . (584) 0.15 (468) 0.13
Cross currency swap receivable (**) . . . . . . . . . . . . . . . . . . . . . . . . . - - 235 3.65
Promissory notes (#) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - (275) 2.96
(4,150) (5,381)
Net interest bearing debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,138) (13,456)
Other interest bearing financial assets
Fixed rate instruments - Australian interest rates
Finance lease receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214 7.72 142 7.79
Amounts owed by jointly controlled entities . . . . . . . . . . . . . . . . . . . . . 451 12.00 443 12.00
Floating rate instruments - Australian interest rate
Other receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -24 6.90
Floating rate instruments - foreign interest rate
Other receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73.30 --
Net interest bearing financial liabilities . . . . . . . . . . . . . . . . . . . . . . (12,466) (12,847)