Telstra 2012 Annual Report Download - page 173

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Telstra Corporation Limited and controlled entities
143
Notes to the Financial Statements (continued)
(c) Hedge relationships (continued)
18. Financial risk management (continued)
Table H Telstra Group - 30 June 2012
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
Interest rate
swap (pay)
float/receive
fixed
(Pay)/receive
float (Pay) fixed
Local
currency Local currency Final leg - Australian dollar Australian dollar
$m $m $m $m $m $m $m $m $m
In hedge relationships
Offshore borrowings - fixed
Swiss francs . . . . . . . . . (225) (225) 225 -(252) ---(252) -
Euros . . . . . . . . . . . . (5,325) (5,250) 5,250 75 (7,877) -(3,679) -(4,198) (3,679)
British pounds sterling . . . . (200) (200) 200 -(584) -(360) -(224) (360)
Hong Kong dollar . . . . . . (330) - - 330 (50) ---(50) -
Japanese yen . . . . . . . . (47,000) - - 47,000 (514) (163) (409) -(105) (572)
United States dollar . . . . . (1,150) (1,000) 1,000 150 (1,158) -(955) -(203) (955)
Australian dollar . . . . . . . (50) - - - - - - (50) (50) -
Offshore borrowings -
floating
Swiss francs . . . . . . . . . (550) (550) 550 -(599) ---(599) -
Euros . . . . . . . . . . . . (500) (500) 500 -(859) ---(859) -
Japanese yen . . . . . . . . (1,000) -1,000 -(12) ---(12) -
United States dollar . . . . . (600) -600 -(630) ---(630) -
Domestic loans - floating
Australian dollar . . . . . . . (275) - - - - - (275) - - (275)
Net foreign investments
Hong Kong dollar . . . . . . 8,332 -(3,700) -460 ---460 -
Loans from wholly owned
controlled entities
New Zealand dollar . . . . . (300) -300 -(228) -- - (228) -
(12,303) (163) (5,678) (50) (6,950) (5,841)