$10,000,000 repaid during the 2015  
financial year.
Convertible revolving credit facility
The Group also has a three year $25,000,000 
Convertible Revolving Credit Facility available.  
At the date of this report the facility is undrawn. 
Under the terms of this facility, Kingsgate has 
the option of repaying any funds drawn down 
under the facility through either cash or by 
issuing ordinary shares. It is intended that this 
facility will be utilised during the 2014 financial 
year for corporate and working capital purposes. 
It is the current intention of the Company to 
repay any cash drawdown under the facility by 
the issuance of fully paid ordinary shares which 
would rank parri pasu with all existing ordinary 
shares, although this position will be reviewed at 
the appropriate time. The number of shares has 
not yet been determined and they will be issued 
at a 2.5% discount to VWAP over a period by 
reference to the draw down date. Shareholder 
approval is not required.
Multi-currency and syndicated  
loan facilities
Kingsgate’s Thai operating subsidiary, Akara, 
established a six year amortising multi-currency 
loan facility equivalent to US$125,000,000 
(fully drawn as at year end) and an additional 
Thai Baht denominated working capital facility 
equivalent to US$15,000,000 (undrawn as at 
year end) during the period. The proceeds from 
these borrowings were used to fully repay the 
outstanding balance on the US$100,000,000 
Baht denominated syndicated loan facility in 
existence at the beginning of the year as well as 
to repay part of the corporate loan facility noted 
above. Finance costs include the write off of the 
balance of capitalised borrowing fees of 
$1,800,000 following the Akara refinancing.
Significant change in  
the state of affairs
There were no significant changes in the state  
of affairs of the Group that occurred during the 
financial year not otherwise disclosed in this 
report or the consolidated financial statements.
Matters subsequent to  
the end of the financial year
Kingsgate has received from its lender a credit 
approved term sheet (subject to formal docu-
mentation) for the restructure of the existing 
corporate loan facility which is drawn to 
$20,000,000 and the existing convertible loan 
facility which is drawn to $35,000,000.
Subsequent to the end of the financial year,  
the Group has received from its lenders a credit 
approved term sheet (subject to formal docu-
mentation) for the restructure of the corporate 
loan and convertible loan facilities. Following 
completion of the restructure the total amount 
outstanding will be reduced to $40,000,000. 
This loan will be provided through a single senior 
corporate facility which will consist of two 
tranches: