8 Notes to and Forming Part of the Financial Statements For the Year ended 30 June 2011
Consolidated
Parent Entity
2011
2010
2011
2010
$’000
$’000
$’000
$’000
Trade Payables
162,594
134,602
162,594
138,745
Other Creditors
11,518
17,034
11,518
17,034
174,112
151,636
174,112
155,779
8,909
-
8,909
-
8,909
-
8,909
-
17. Current Trade and Other Payables (a) Current
(b) Non-Current Other Creditors
Trade payables represents amounts to be paid in the future for goods received and services provided at reporting date. These liabilities are usually settled within 42 days. Current other creditors represents interest due on borrowings which are payable within 6 months.
18. Borrowings (a) Current NSW Treasury Corporation Short-Term Loans
2,937
2,575
2,937
2,575
Finance Lease Liabilities
2,407
2,201
2,407
2,201
5,344
4,776
5,344
4,776
747,495
1,186,490
747,495
1,186,490
(b) Non-Current NSW Treasury Corporation Loans Finance Lease Liabilities
96,721
99,128
96,721
99,128
844,216
1,285,618
844,216
1,285,618
At reporting date, Delta Electricity had Executive Council approval to borrow up to $1,830 million (2010: $1,830 million). Maturing loans may be re-financed if the borrowing limit is not exceeded. As such, Borrowings that are expected to mature within the next 12 months that management expect to rollover for at least another 12 months from reporting date, have been classified as non-current. At reporting date, there were $138,358,000 of borrowings due to mature within one year requiring classification as non-current (2010: $151,366,000). Following execution of the Western Gentrader finance leases the Crown assumed $450 million of NSW Treasury Corporation loans and thereby increased its equity investment in Delta Electricity. Further details on finance lease liabilities are presented in Note 26(a)
78
DELTA ELECTRICITY ANNUAL REPORT 2010 - 2011