2010 - Yarriambiack Council

NOTES TO THE ACCOUNTS
Note 27 Interest Bearing Loans and Borrowings
2009/2010
$’000
2008/2009
$’000
Borrowings
Current
Borrowings – Secured 111 82
Total Current 111 82
Non-Current
Borrowings – Secured 86 112
Total Non-Current 86 112
Total 197 194
The maturity profile for Council’s borrowings is:
Not later than one year 111 82
Later than one year and not later than five years 86 112
Total Borrowings Liabilities 197 194
Finance Lease
Council had the following obligation under finance lease for the
lease of computer equipment (the sum of which is recognised as
a liability)
Current
Finance Lease 58 58
Total Current 58 58
Non-Current
Finance Lease 95 153
Total Non-Current 95 153
Total 153 211
The maturity profile for Council’s finance lease is:
Not later than one year 58 58
Later than one year and not later than five years 95 153
Total Finance Lease Liabilities 153 211
Aggregate carrying amount of interest-bearing loans and
borrowings:
Current 169 140
Non Current 181 265
Total 350 405
Annual Report 2009/10 68