Annual Report - Bega Cheese

Financial Statements
Financial Period Ended Statements 30 June 2010
Period Notes to Ended the Financial 30 June 2010 Statements
Notes to the Financial Statements
13. Current Liabilities - Trade and Other Payables
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Trade payables 66,849 54,832 37,692 38,917
Accrued charges and sundry creditors 42,098 31,107 25,179 16,399
Amounts owed to Tatura Milk - - - 5,617
Fair value of derivatives 3,518 2,303 1,296 2,303
Total 112,465 88,242 64,167 63,236
The average credit period on purchases is 30 days from the month the goods are received in except for certain professional
fees. No material amounts of interest are charged on late payments.
14. Current Liabilities - Borrowings
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Current - at amortised cost
Secured term loans 62,668 76,834 37,000 40,900
Finance lease liabilities 1,285 836 80 80
Total 63,953 77,670 37,080 40,980
For further details on borrowings see Note 17.
15. Current Liabilities - Provisions
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Employee benefits 16,253 13,912 10,961 8,810
Total 16,253 13,912 10,961 8,810
16. Non-Current Liabilities - Trade and Other Payables
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Other trade payables 150 300 - -
Derivatives 554 368 554 368
Total 704 668 554 368
For further detail on amounts payable to Tatura Milk, see Note 27.
Bega Cheese Limited 2010 Annual Report 39
Bega Cheese Limited 2010 Annual Report 39