Notes to the financial statements

for the year ended 30 June 2009

29 Borrowings

 

2009
$000

2008
$000

Current

    

Western Australian Treasury Corporation loans (i)

59,499

134,466

Commonwealth loans

387

384
 

59,886

134,850

Non-Current

    

Western Australian Treasury Corporation loans (i)

1,014,028

765,527

Commonwealth loans

2,721

3,108
 

1,016,749

768,635

(i) The non-current amount includes an amount that will be due and payable during the 2009/10 year which will be refinanced rather than repaid and therefore is not recognised as current borrowings. There is an agreement with WATC in place where the borrowings are refinanced are regular intervals between 2009 and 2019.