Financial Report Template Page 51
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80NOTES TO THE FINANCIAL STATEMENTS
(CONT)
FOR THE YEAR ENDED 30 JUNE 2015
NOTE 22 BORROWINGS
Consolidated Group
2015
2014
$
$
CURRENT
Secured liabilities
Bank loans
19,043,725
4,191,094
Lease liability
120,439
63,661
Hire purchase liability
799,328
789,305
Total current borrowings
19,963,492
5,044,060
NON-CURRENT
Secured liabilities
Bank loans
107,637
10,569,425
Lease liability
162,902
211,817
Hire purchase liability
1,426,398
1,518,607
Total non-current borrowings
1,696,937
12,299,849
Total borrowings
21,660,429
17,343,909
Consolidated Group
2015
2014
$
$
(a) Total current and non-current secured liabilities:
Bank loan
19,151,362
14,760,519
Lease liability
283,341
275,478
Hire purchase liability
2,225,726
2,307,912
21,660,429
17,343,909
Shine’s current finance facilities mature in March 2016 and are therefore classified in the Statement of Financial Position as current
liabilities. The Group’s bankers, CBA have indicated that no issues are expected with the Group’s ability to refinance its borrowings and
all bank covenants to date have been complied with.
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