Annual Report - Campus Living Villages

Campus Living Villages Annual Report 09/10 1 3 3
Campus Living Overseas Trust
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
A$’000
b) Borrowings are classified as secured and unsecured as follows:
June 2010 June 2009
Secured borrowings
Loans from financial institutions 66,122 61,396
Lease liabilities 1,463 1,374
Total current borrowings 67,585 62,770
CLOT
Unsecured borrowings
Loans from related parties 66,601 63,600
c) Assets pledged as security
The loans from financial institutions have been financed with limited recourse debt. The package of securities normally
provided is as follows:
> > A first ranking all assets fixed and floating charge granted by the Borrower in favour of the blank;
> > A first ranking mortgage of the Lease from the University to the borrower; and
> > A first ranking share mortgage granted by the Parent of the Borrower in relation to all shares held by the Parent in
the borrower.
June 2010 June 2009
Current assets
Cash and cash equivalents 6,036 8,087
Trade and other receivables 2,157 3,344
Inventory 18 31
Other current assets 423 280
Non-current assets
Receivables - 9,444
Property, plant and equipment 97,886 98,450
Intangible assets 5,966 7,161
Total assets 112,486 126,797
18. Issued capital
June 2010 June 2009
Opening balance 55,255 51,954
Issue of capital for the year 2,070 3,378
Equity raising costs (2) (77)
Balance at the end of the year 57,323 55,255
The stapled entity has 413,458,590 (2009: 308,746,325) units on issue.
The issued capital of the consolidated entity is the capital of the acquirers identified in the business combinations.