NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2000
50
Note Consolidated Company
2000 1999 2000 1999
$$ $$
Fair value of net assets acquired
Cash – 470,632 ––
Trade debtors – 7,267,099 ––
Inventories – 31,270 ––
Prepayments – 281,035 ––
Property, plant and equipment – 11,301,515 ––
Investments – 2,647 ––
Future income tax benefit – 68,504 ––
Trade creditors – (1,428,995) ––
Other creditors – (8,652,768) ––
Borrowings – (4,289,707) ––
Provisions – (1,230,194) ––
Income tax payable – (1,376,427) ––
– 2,444,611 ––
(e) Financing Facilities
Secured loan facilities with various 
maturity dates through to 2001 and 
which may be extended by 
mutual agreement:
•  Amount used 6,500,000 6,500,000 ––
•  Amount unused ––––
6,500,000 6,500,000 ––
20. EXPENDITURE COMMITMENTS
(a) Hire Purchase Contracts
Not later than 1 year 1,676,437 1,243,290 ––
Later than 1 year but not 
later than 2 years 1,421,664 1,057,181 ––
Later than 2 years but not 
later than 5 years 5,629,025 3,631,561 ––
Minimum future payments 8,727,126 5,932,032 ––
Future finance charges (1,323,229) (876,470) ––
Hire purchase liability 7,403,897 5,055,562 ––
Included in the accounts as:
Hire purchase liability - current 1,185,305 899,399 ––
Hire purchase liability - non current 6,218,592 4,156,163 ––
7,403,897 5,055,562 ––