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141
Notes to the Financial Statements
31 December 2015
30 BORROWINGS (CONTINUED)
(a) Finance lease liabilities (continued)
Finance lease liabilities represent outstanding obligations payable in respect of assets acquired under finance lease commitment and are
analysed as follows:
Group
2015
RM’000
2014
RM’000
Not later than one year
13,875
15,555
Later than one year and not later than five years
8,384
12,858
22,259
28,413
Less: Future finance charges
(1,411)
(2,507)
Present value
20,848
25,906
Representing lease liabilities:
- non-current
7,980
11,855
- current
12,868
14,051
20,848
25,906
(b) Non-current and current unsecured syndicated term loans
(i)
USD750,000,000 syndicated term loan
This syndicated term loan was drawn down on 24 February 2010 and is repayable in six semi-annual instalments commencing on
24 August 2014 with final maturity on 24 February 2017. During the financial year, two (2014: one) instalments of USD123,750,000
each were repaid. As disclosed in Note 22 to the financial statements, the Company has entered into CCIRS where the principal sum
and interest under this term loan is hedged against fluctuations in USD/RM exchange rate and in LIBOR.
(ii)
USD100,000,000 syndicated term loan
This syndicated term loan was drawn down on 13 August 2010 and is repayable in one lump sum on the loan’s maturity date,
13 August 2020. As disclosed in Note 22 to the financial statements, the Company has entered into CCIRS where the principal sum
and interest under this term loan is hedged against fluctuations in USD/RM exchange rate and in LIBOR.
(c) Non-current unsecured term loans
(i)
RM1,000,000,000 term loan
This term loan was drawn down on 27 December 2011 and is repayable in one lump sum on the loan’s maturity date, 27 December
2022. As disclosed in Note 22 to the financial statements, the Company has entered into IRS where the interest under this term loan
is partially hedged against fluctuations in KLIBOR.
