axiata group berhad | annual report 2015
159
9.
OTHER OPERATING INCOME - NET
Group
Company
Note
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
(Loss)/Gain on disposal of PPE
(10,410)
98,202
2
1
Gain on tower sale and leaseback*
21
511,182
-
-
-
Gain on disposal of associates
-
116,670
-
137,483
Fair value gain arose from derecognition of an investment in
an associate
5 (a)(vi)
226
-
-
-
Bad debts recovered
11,426
7,493
-
-
Others
153,833
30,292
1,826
1,140
Total
666,257
252,657
1,828
138,624
*
On 23 December 2014, XL disposed of certain towers which were subject to the fulfillment of certain survival period clauses as set out in the
agreement. In September 2015, the gain amounting to RM511.2 million (IDR1.8 trillion) was recognised upon the fulfillment of these clauses.
10. FINANCE (COST)/INCOME
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Finance income
Islamic Financial Instruments
64,733
87,618
8,824
41,282
Other deposits, cash and bank balances
108,688
110,376
47,009
35,449
173,421
197,994
55,833
76,731
Finance cost
Other borrowings
(637,976)
(537,870)
(24,819)
(49,636)
Profit on Sukuks
(204,879)
(207,548)
-
-
Finance expense on CCIRS:
- fair value hedge
-
(3,902)
-
(3,902)
- net investment hedge
11,717
2,861
-
-
Finance cost excluding net foreign exchange losses on financing
activities
(831,138)
(746,459)
(24,819)
(53,538)
Net foreign exchange (losses)/gains on:
- financing activities
(547,342)
(131,435)
-
6,125
- fair value hedge
-
(6,125)
-
(6,125)
Net foreign exchange losses on financing activities
(547,342)
(137,560)
-
-
Total finance cost
(1,378,480)
(884,019)
(24,819)
(53,538)
Net finance (cost)/income
(1,205,059)
(686,025)
31,014
23,193
