Telstra 2010 Annual Report Download - page 157

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Telstra Corporation Limited and controlled entities
142
Notes to the Financial Statements (continued)
(c) Hedge relationships (continued)
18. Financial risk management (continued)
Table H Telstra Group - 30 June 2010
Derivative hedging instruments - cross currency and interest rate swaps
Final currency & 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)