Telstra 2012 Annual Report Download - page 174

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Telstra Corporation Limited and controlled entities
144
Notes to the Financial Statements (continued)
(c) Hedge relationships (continued)
18. Financial risk management (continued)
Table I Telstra Group - 30 June 2011
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
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 . . . . . . . . . (550) (550) 550 - (599) - (328) (271) (328)
Euros . . . . . . . . . . . . (4,000) (4,000) 4,000 - (6,387) - (3,679) (2,708) (3,679)
British pounds sterling . . . . (200) (200) 200 - (584) - (360) (224) (360)
Hong Kong dollar . . . . . . (330) - - 330 (50) - - (50) -
Japanese yen . . . . . . . . (48,000) - - 48,000 (526) (163) (409) (117) (572)
United States dollar . . . . . (1,150) (1,000) 1,000 150 (1,158) - (955) (203) (955)
Offshore borrowings -
floating
Australian dollar . . . . . . . (250) - - - - - - (250) -
United States dollar . . . . . (1,310) (500) 1,310 - (1,885) - - (1,885) -
Domestic loans - floating
Australian dollar . . . . . . . (275) - - - - - (275) - (275)
Net foreign investments
Hong Kong dollar . . . . . . 8,088 - (3,200) - 452 - - 452 -
(10,737) (163) (6,006) (5,256) (6,169)