axiata group berhad | annual report 2015
187
16. BORROWINGS (CONTINUED)
The currency profile of the borrowings of the Group is as follows:
2015
2014
Functional currency
Functional currency
RM
IDR
SLR
BDT
Others
Total
RM
IDR
SLR
BDT
Others
Total
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
RM’000
Group
RM
4,526,427
-
-
-
- 4,526,427
5,025,972
-
-
-
-
5,025,972
USD
3,689,447 1,942,656
637,810
384,545
231,806 6,886,264
1,050,021
3,771,673
473,955
394,406
244,949
5,935,004
IDR
- 4,411,853
-
-
- 4,411,853
-
2,839,199
-
-
-
2,839,199
SLR
-
-
78,349
-
-
78,349
-
-
53,256
-
-
53,256
BDT
-
-
-
439,888
-
439,888
-
-
-
14,115
-
14,115
PKR
-
-
-
-
49,605
49,605
-
-
-
-
25,789
25,789
Total
8,215,874 6,354,509
716,159
824,433
281,411 16,392,386
6,075,993
6,610,872
527,211
408,521
270,738 13,893,335
USD:
United State Dollars
IDR:
Indonesian Rupiah
SLR:
Sri Lankan Rupee
BDT:
Bangladeshi Taka
PKR:
Pakistani Rupee
The carrying amounts and fair value of the Group’s non-current borrowings are as follows:
2015
2014
Carrying
Carrying
amount
Fair value
amount
Fair value
RM’000
RM’000
RM’000
RM’000
Group
Overseas:
- Borrowings
2
5,849,767
5,849,767
6,368,701
6,368,701
- Sukuk Ijarah
3
312,866
494,372
-
-
6,162,633
6,344,139
6,368,701
6,368,701
Malaysia:
- Notes
3
1,277,922
1,411,956
1,050,021
1,185,509
- Multi-currency Sukuk
3
2,104,101
2,146,236
-
-
- Sukuk Murabahah
2
4,500,000
4,434,946
4,525,972
4,918,294
7,882,023
7,993,138
5,575,993
6,103,803
14,044,656
14,337,277
11,944,694
12,472,504
2
The fair values are calculated based on cash flows discounted using a rate based on the borrowing rate which ranges from 1.10% to 11.25% (2014:
1.04% to 12.13%) p.a. and are within level 2 of the fair value hierarchy.
3
The fair value is based on quoted price in an active market and is within level 1 of the fair value hierarchy.
The fair value of current borrowings approximates their carrying amount, as the impact of discounting is not significant.
