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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
140 Telstra Annual Report 2013 Telstra Corporation Limited and controlled entities
(c) Hedge relationships (continued)
18. FINANCIAL RISK MANAGEMENT (CONTINUED)
Table H Telstra Group - 30 June 2013
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 $m
In hedge relationships
Offshore borrowings - fixed
Swiss francs . . . . . . . . . (225) (225) 225 -(251) ---(251) -
Euros . . . . . . . . . . . . (6,325) (5,250) 5,250 1,075 (9,145) -(4,947) -(4,198) (4,947)
British pounds sterling . . . . (200) (200) 200 -(584) -(360) -(224) (360)
Hong Kong dollar . . . . . . (330) - - 330 (50) ---(50) -
Japanese yen . . . . . . . . (47,000) - - 47,000 (517) (163) (409) -(108) (572)
United States dollar . . . . . (1,150) (1,000) 1,000 150 (1,158) -(955) -(203) (955)
New Zealand dollar . . . . . (255) - - 255 -(202) - - - (202)
Australian dollar . . . . . . . (50) --- ---(50) (50) -
Offshore borrowings -
floating
United States dollar . . . . . (5,000) -5,000 -(59) ---(59) -
Domestic loans - fixed
Australian dollar . . . . . . . (750) --- ---(750) (750) -
Domestic loans - floating
Australian dollar . . . . . . . (275) --- --(275) - - (275)
Net foreign investments
Hong Kong dollar . . . . . . 8,752 -(4,200) -520 ---520 -
(11,244) (365) (6,946) (800) (5,373) (7,311)