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NOTES TO THE FINANCIAL STATEMENTS (CONT.)

Note 22. borrowings

Bank loans - current Consolidated 2014
Bank loans - non-current 2015 $’000
$’000
Refer to note 30 for further information on financial instruments. 4,000 -
Total secured liabilities
The total secured liabilities (current and non-current) are as follows: 30,916 29,119

34,916 29,119

Bank loans Consolidated 2014
$’000
2015
$’000 29,119

34,916

Assets pledged as security
The bank loans are secured by a cross guarantee and a mortgage debenture given by certain group companies
consisting of fixed and floating charges over all present and future assets of these companies.

The bank loan facilities comprise of working capital facilities and trade finance facilities.

Financing arrangements
The following lines of credit were available at the reporting date:

Consolidated 2014
$’000
2015
$’000

Total facilities 85,700 70,000
Bank loans - 8,000
Asset finance facility* 300
Visa, encashment and guarantee facilities 500
86,200 78,300
Used at the reporting date
Bank loans 34,916 29,119
Asset finance facility* - 4,505
Visa, encashment and guarantee facilities 10
218
35,134 33,634

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