Axiata Group Berhad - Annual Report 2016

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FINANCIAL STATEMENTS Axiata Group Berhad | Annual Report 2016 193
16. BORROWINGS (CONTINUED)
The currency profile of the borrowings of the Group is as follows:
2016
Functional currency
2015
Functional currency
RM
RM’000
IDR
RM’000
SLR
RM’000
BDT
RM’000
Others
RM’000
Total
RM’000
RM
RM’000
IDR
RM’000
SLR
RM’000
BDT
RM’000
Others
RM’000
Total
RM’000
Group
RM 5,035,432 - - - - 5,035,432 4,526,427 - - - - 4,526,427
USD 9,228,322 1,608,958 675,140 672,168 67,194 12,251,782 3,689,447 1,942,656 637,810 384,545 231,806 6,886,264
IDR - 3,372,189 - - - 3,372,189 - 4,411,853 - - - 4,411,853
SLR - - 353,555 - - 353,555 - - 78,349 - - 78,349
BDT - - - 1,193,680 - 1,193,680 - - - 439,888 - 439,888
PKR - - - - 53,243 53,243 - - - - 49,605 49,605
Total 14,263,754 4,981,147 1,028,695 1,865,848 120,437 22,259,881 8,215,874 6,354,509 716,159 824,433 281,411 16,392,386
Company
USD 2,968,244 - - - - 2,968,244 - - - - - -
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:
2016 2015
Carrying
amount
RM’000
Fair value
RM’000
Carrying
amount
RM’000
Fair value
RM’000
Group
Overseas:
- Borrowings2 4,772,535 4,772,535 5,849,767 5,849,767
- Sukuk Ijarah3 334,998 371,148 312,866 494,372
5,107,533 5,143,683 6,162,633 6,344,139
Malaysia:
- Notes3 1,337,866 1,444,407 1,277,922 1,411,956
- Multi-currency Sukuk3 4,470,565 4,534,516 2,104,101 2,146,236
- Sukuk Murabahah2 3,972,470 3,949,362 4,500,000 4,434,946
- Borrowings2 247,038 247,038 - -
10,027,939 10,175,323 7,882,023 7,993,138
15,135,472 15,319,006 14,044,656 14,337,277
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 12.10%
(2015: 1.10%% to 11.25% ) 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.