Notes to the Financial Statements 89 16. Borrowings This note provides information about the contractual terms of the Group’s interest-bearing loans and borrowings. For more information about the Group’s exposure to interest rate and liquidity risk  see Note 28. Notes t o the Financial Statements 2013  $’000 2012  $’000 Current Secured bank loans 73 613 26 860 Preference shares in controlled entity 10 488 8 837 Total borrowings – current 84 101 35 697 Non-current Secured bank loans 115 575 121 765 Preference shares in controlled entity 82 82 Total borrowings – non-current 115 657 121 847 Borrowings Secured bank loans 189 188 148 625 Preference shares in controlled equity 10 570 8 919 Total borrowings 199 758 157 5 4 4 Currency  Nominal  interest  Year of  maturity  Face value  $’000 Carrying  amount  $’000 Corporate loan facility AUD BBSY 1  + margin 2016 20 000  20 000 Convertible loan facility AUD BBSY 1  + margin 2016 35 000  35 000 Syndicated loan facilities Thai Baht THBFIX 2 + margin 2018 59 171  59 171 Syndicated loan facilities USD LIBOR 3  + margin 2018 7 7 824 7 7 824 Less capitalised borrowing costs (2 807) Total 189 188 Terms and debt repayment schedule Terms and conditions of outstanding loans were as follows: 1 BBSY means bank bill swap bid rate 2 THBFIX means Thai Baht interest rate fixing 3 LIBOR means London interbank offered rate continued