ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
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<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong><br />
NOTES TO THE FINANCIAL <strong>REPORT</strong> FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
25 Interest Bearing Loans and Borrowings<br />
Current<br />
Bank overdraft (Unpresented Cheques) 845 791<br />
Borrowings - secured 1,181 4,967<br />
Other Loans - Unsecured (These are non interest bearing loans) 1,030 1,030<br />
3,056 6,788<br />
Non-current<br />
Borrowings - secured 12,519 10,575<br />
Total 15,575 17,363<br />
The maturity profile for Council's borrowings is:<br />
Not later than one year 3,056 6,788<br />
Later than one year and not later than five years 5,626 4,306<br />
Later than five years 6,893 6,269<br />
15,575 17,363<br />
Finance leases<br />
Council has no finance leases at balance date<br />
26 Landfill Provision<br />
Corio Landfill Rehabilitation Provision<br />
Non-current 6,220 5,858<br />
Balance at beginning of the financial year 5,858 6,830<br />
Amounts used (578) (1,191)<br />
Increase/(decrease) in the discounted amount arising because of time and the effect of any change in the discount rate, or the revision of future cost estimates. 940 219<br />
Balance at the end of the financial year 6,220 5,858<br />
27 Other Liabilities<br />
Developer Contributions - Sec 173 Agreement Wandana Heights 129 -<br />
166
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