2003 - 04 Annual Report - Sbs

110Notes Consolidated Corporation10. Interest bearing liabilities2004 2003 2004 2003$'000 $'000 $'000 $'00010(a) LoansLoans from Government (xiv) 20,274 22,193 20,274 22,193Total loans 20,274 22,193 20,274 22,193(xiv) The Corporation received a loan from Governmenton 2 July 2002 to refinance the balance of theCorporation’s private sector loan for the constructionand enhancement of the premises at Artarmon.At the reporting date, the loan from the Commonwealthis payable as follows:Within one year: 2,037 1,919 2,037 1,919In one to five years: 9,482 8,932 9,482 8,932In more than five years: 8,755 11,342 8,755 11,342Total loans 20,274 22,193 20,274 22,19310(b) Finance lease liabilities(xv)Lease liabilities recognised in the statement offinancial position.Current - 18 - 18Non-current - - - -Total lease liabilities - 18 - 18Finance lease liabilities at the reporting date and relatedfinance charges are payable as follows:No later than one year - 19 - 19In one to five years - - - -In more than five years: - - - -Minimum lease payments - 19 - 19Less future finance charges - (1) - (1)Total lease liabilities - 18 - 18(xv)The Corporation has fully paid two finance lease agreements entered into for the purpose of acquiringequipment for signal splitting to other states, and for digital editing and recording equipment (see notes 1l and 9f).