Page 111 - SFG_ANNUALREPORT_12OCT_SINGLEPAGE
P. 111

Consolidated   2014
                                                              $’000
                                                2015
                                               $’000

Unused at the reporting date                   50,784         40,881
Bank loans                                             -       3,495
Asset finance facility*                                           290
Visa, encashment and guarantee facilities          282
                                               51,066         44,666

The Company amended its bank loan facilities on 29 June 2015, which comprise of working capital facilities of
$25.7 million and trade finance facilities of $60.0 million. The bank facilities have staggered maturities of December
2015, June 2016 and November 2016. At balance date, bank loan facilities totalling $85.7 million were available to
the Company (30 June 2014: $70.0 million). Of this facility, $50.8 million was unused (30 June 2014: $40.9 million).

* In the prior year, the Company had access to an asset finance facility of $8.0 million and $3.5 million was unused at
  prior year end.

Note 23. Non-current liabilities - provisions

Provisions - Employee benefits                  Consolidated    2014
Other                                            2015          $’000
                                                $’000
                                                3,243          3,206

                                                7,005          8,579

                                               10,248         11,785

Other provisions
Other provisions include provision for stepped leases, which represents the difference between the contract rental
charge and that paid over the lease.

Movements in provisions
Movements in each class of provision during the current financial year, other than employee benefits, are set out below:

Carrying amount at the start of the year                  Consolidated
Additional provisions recognised                               2015
Amounts transferred to current                                        Other
Amounts used                                                          $’000
Carrying amount at the end of the year
                                                                       8,579

                                                                       1,470

                                                                        (725)

                                                                     (2,319)

                                                                       7,005

                                                              110
   106   107   108   109   110   111   112   113   114   115   116