Note 24
Non-current liabilities - Interest bearing liabilities
Consolidated
2012
2011
$’000
$’000
Secured
Bond issue ‑ Maturing 20 December 2017
198,991
200,000
Bond Issue ‑ Maturing 9 December 2014
299,936
-
Total secured non‑current borrowings
498,927
200,000
Note 25
Non-current liabilities - Deferred income government grants
Consolidated
2012
2011
$’000
$’000
Government grants
415,582
392,947
415,582
392,947
The Government grants received by the Group to 30 June 2012 and classified as non‑current are $415.6m.
Note 26
Non-current liabilities - Finance lease
Consolidated
2012
2011
$’000
$’000
Finance lease
392
625
392
625
(a)
Interest rate risk is considered negligible.
(b)
The carrying amount of the finance lease
liabilities approximates fair value.
96
