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Summary of Key Notes to Financial Information
for the financial year ended 30 June 2013
Consolidated
2013
$‘000
Summary of Key Notes
Summary of Key Notes
Summary of Key Notes to Financial Information
for the financial year ended 30 June 2013
Consolidated
2012
$‘000
2012
$‘000
Property, Plant and Equipment
7,734
6,992
Investment Property
14. Non-current borrowings
2013
$‘000
1,790
611
9,524
7,603
19. Capitalised borrowing costs
– Senior – bank debt (i)
428,500
665,500
– Domestic bonds (i)
• Fixed rate notes (6.5% 26 August 2014)
100,000
100,000
• Fixed rate notes (6.0% 15 December 2015) (ii)
100,000
100,000
• Variable rate notes (15 December 2015) (ii)
200,000
200,000
• Fixed rate notes (7.0% 25 August 2016)
250,000
250,000
• Fixed rate notes (5.0% 14 June 2020)
225,000
-
US Private Placements (i)
Fixed rate US $200m (7.5% 15 September 2021) (iii)
191,077
191,077
Fixed rate US $200m (7.4% 15 September 2023) (iii)
191,077
191,077
Fixed rate US $200m (7.4% 15 September 2026) (iii)
191,077
191,077
50,000
-
125,000
-
2,051,731
1,888,731
(16,731)
22,629
2,035,000
1,911,360
(9,827)
(10,208)
2,025,173
1,901,152
Fixed rate (5.95% 15 January 2028)
Variable rate notes (5.8% 15 January 2022)
Exchange rate fluctuation (fair value hedge)
Total borrowings
Deferred borrowing costs
Aggregate amortisation allocated, whether recognised as an
expense or capitalised as part of the carrying amount of other
assets during the year:
– Deferred borrowing costs
Weighted average capitalisation rate on funds borrowed generally 7.0% (2012: 7.5%)
20. Issued capital
118,100,000 Ordinary shares – fully paid (2012: 118,100,000)
3,111
118,100
Changes to the then Corporations Law abolished the authorised capital and par value concept in relation to
share capital from 1 July 1998. Therefore, the Company does not have a limited amount of authorised capital
and issued shares do not have a par value.
Fully paid ordinary shares carry one vote per share and carry the right to dividends.
21. reserve
Hedge reserves
Balance at beginning of financial year
(60,832)
(36,103)
99,646
(35,327)
(29,894)
10,598
69,752
(24,729)
8,920
(60,832)
Gained recognised:
– interest rate swaps
Deferred tax arising on hedges
Balance at end of financial year
2,908
118,100
The hedging reserve represents hedging gains and losses recognised on the effective portion of cash flow
hedges. The cumulative deferred gain or loss on the hedge is recognised in profit or loss when the hedged
transaction impacts the profit or loss.
(i) Secured by a fixed and floating charge over the entity’s assets
(ii) Debt subject to credit wrapping by MBIA Inc
22. Retained earnings
(iii) excludes cross currency swaps that convert the US private placement notes US $600m into AUD.
Balance at beginning of financial year
Non trade payables
1,191
202,011
169,723
(148,452)
(141,720)
684,687
631,128
198,687
90,181
198,687
1,202
603,125
Profit for the year
15. Non-current payables
631,128
90,181
Dividends paid
Balance at end of financial y