Telstra 2014 Annual Report Download - page 143

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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Financial Report
Telstra Corporation Limited and controlled entities
Telstra Annual Report 141
(c) Hedge relationships (continued)
(i) Borrowings due to mature within 12 months are classified as floating.
18. FINANCIAL RISK MANAGEMENT (CONTINUED)
Table H Telstra Group - 30 June 2014
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 ..................................... (5,825) (4,750) 4,750 1,075 (8,288) (4,447) (3,841) (4,447)
Hong Kong dollar.................. (330) - - 330 (50) - - - (50) -
Japanese yen........................ (37,000) - - 37,000 (517) (35) (409) - (108) (444)
United States dollar............. (1,150) (1,000) 1,000 150 (1,158) - (955) - (203) (955)
New Zealand dollar.............. (100) - - 100 - (79) - - - (79)
Australian dollar................... (50) - - - - - - (50) (50) -
Offshore borrowings -
floating (i)
Euros ..................................... (500) (500) 500 - (858) - - - (858) -
British pounds sterling ........ (200) (200) 200 - (584) - - - (584) -
New Zealand dollar.............. (155) - 155 - (123) - - - (123) -
Japanese yen........................ (10,000) - 10,000 - (127) - - - (127) -
Domestic borrowings - fixed
Australian dollar................... (950) - - - - - - (950) (950) -
Domestic borrowings -
floating
Australian dollar................... (275) - - - - - (275) - - (275)
(11,956) (114) (6,086) (1,000) (7,145) (6,200)