|
Consolidated |
Company |
||||
|
2007 |
2006 |
2007 |
2006 |
||
|
$000 |
$000 |
$000 |
$000 |
||
|
20. Loans and borrowings |
|||||
|
Current |
|||||
|
Bank overdrafts |
1,645 |
1,747 |
223 |
- |
|
|
Bank loans, secured |
159,692 |
68,800 |
30,000 |
- |
|
|
Total current loans and borrowings |
161,337 |
70,547 |
30,223 |
- |
|
|
Non-current |
|||||
|
Bank loans, secured |
37,552 |
125,493 |
- |
- |
|
|
Total non-current loans and borrowings |
37,552 |
125,493 |
- |
- |
|
|
Financing arrangements |
|||||
|
The Consolidated Entity has access to the following lines of credit at reporting date: |
|||||
|
Bank overdrafts |
4,782 |
3,747 |
2,000 |
2,000 |
|
|
Bank loans |
198,230 |
200,309 |
30,000 |
5,000 |
|
|
Standby letters of credit |
227 |
3,004 |
227 |
227 |
|
|
Bank guarantee facility |
1,100 |
292 |
605 |
280 |
|
|
204,339 |
207,352 |
32,832 |
7,507 |
||
|
Facilities utilised at reporting date |
|||||
|
Bank overdrafts |
1,645 |
1,747 |
223 |
- |
|
|
Bank loans |
197,244 |
194,293 |
30,000 |
- |
|
|
Standby letters of credit |
191 |
191 |
191 |
191 |
|
|
Bank guarantee facility |
725 |
279 |
604 |
279 |
|
|
199,805 |
196,510 |
31,018 |
470 |
||
|
Facilities not utilised at reporting date |
|||||
|
Bank overdrafts |
3,137 |
2,000 |
1,777 |
2,000 |
|
|
Bank loans |
986 |
6,016 |
- |
5,000 |
|
|
Standby letters of credit |
36 |
2,813 |
36 |
36 |
|
|
Bank guarantee facility |
375 |
13 |
1 |
1 |
|
|
4,534 |
10,842 |
1,814 |
7,037 |
||
Bank overdrafts
The bank overdrafts are payable on demand and are subject to annual review. Interest on bank overdrafts is variable and is charged at prevailing market rates.
Bank loans
The bank loans are secured by a letter of guarantee provided by the Company and are payable within one to five years. Refer to Note 31 for details.
