30 Borrowings

2007

2006

$000

$000

(a) Current

 

 

Western Australian Treasury Corporation Loans

222,440

1,119,396

Finance lease liability (i)

0

2,899

Commonwealth Loans

383

383

 

222,823

1,122,678

(b) Non-Current

 

 

Western Australian Treasury Corporation Loans

631,851

594,920

Commonwealth Loans

3,492

3,874

 

635,343

598,794

(i) Lease liabilities are effectively secured as the rights to the leased assets revert to the lessor in the event of default.

The carrying amounts of non-current assets leased as security are:

2007

2006

$000

$000

Railcars

0

36,841