Notes to the Financial Statements
89
Notes to the Financial Statements
continued
u
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.
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
Terms and debt repayment schedule
Terms and conditions of outstanding loans were as follows:
Currency 
Nominal 
interest 
Year of 
maturity Face value 
$’000
Carrying 
amount 
$’000
Corporate loan facility AUD BBSY1 + margin 2016 20,000  20,000
Convertible loan facility AUD BBSY1 + 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
1	 BBSY	means	bank	bill	swap	bid	rate
2	 THBFIX	means	Thai	Baht	interest	rate	fixing
3	 LIBOR	means	London	interbank	offered	rate