Telstra 2012 Annual Report Download - page 162

Telstra Corporation Limited and controlled entities
132
Notes to the Financial Statements (continued)
(*) The average rate is calculated as the weighted average (based
on principal/notional value) effective interest rate, as at reporting
date.
(#) Predominantly relate to financial instruments used to hedge our
net foreign investments.
(^) Rates on cash and cash equivalents represent average rates
earned on net positive cash balances after taking into account bank
set-off arrangements.
(**) Financial instruments used to hedge loan from wholly owned
controlled entity.
18. Financial risk management (continued)
Table A Telstra Group
As at 30 June 2012 As at 30 June 2011
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 . . . . . . . . . . . . . . . . . . . (5,841) 6.17 (6,169) 6.17
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (123) 7.73 (122) 7.60
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (1,754) 7.20 (2,240) 7.26
Offshore loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (140) 6.10 --
Fixed rate instruments - Foreign interest rates
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (16) 22.50 (17) 21.00
Offshore loans (#) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (201) 7.65 (195) 7.60
(8,075) (8,743)
Variable rate instruments - Australian interest rates
Contractual repricing or maturity 3 months or less
Cash and cash equivalents (^) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,539 4.31 2,249 5.07
Bank deposits with maturity greater than 90 days . . . . . . . . . . . . . . . . . . - - 14.88
Cross currency swap receivable (#) . . . . . . . . . . . . . . . . . . . . . . . . . 460 3.54 452 5.02
Cross currency and interest rate swap payable . . . . . . . . . . . . . . . . . . . (7,082) 5.50 (4,802) 6.23
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (1,000) 4.55 (1,440) 5.53
Promissory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (187) 4.36 (35) 5.18
Contractual repricing or maturity 3 to 12 months
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . . . . . . . . . . (500) 7.44 --
Forward contract liability - net . . . . . . . . . . . . . . . . . . . . . . . . . . . . (113) 2.78 (318) 3.96
Cross currency and interest rate swap payable . . . . . . . . . . . . . . . . . . . (328) 6.17 (906) 6.53
Variable rate instruments - Foreign interest rates
Contractual repricing or maturity 6 months or less
Cash and cash equivalents (^) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 338 0.80 239 1.56
Cross currency swap payable (#) . . . . . . . . . . . . . . . . . . . . . . . . . . (468) 0.13 (383) 0.03
Cross currency swap receivable (**) . . . . . . . . . . . . . . . . . . . . . . . . . 235 3.65 --
Offshore loans (#) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - (77) 7.03
Promissory notes (#) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (275) 2.96 (194) 2.90
(5,381) (5,214)
Net interest bearing debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,456) (13,957)
Other interest bearing financial assets
Fixed rate instruments - Australian interest rates
Finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142 7.79 144 7.49
Amounts owed by jointly controlled entities . . . . . . . . . . . . . . . . . . . . . 443 12.00 --
Floating rate instruments - Australian interest rate
Contractual maturity 12 months
Other receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 6.90 --
Net interest bearing financial liabilities . . . . . . . . . . . . . . . . . . . . . . (12,847) (13,813)