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16. Registered Charges

ASC PTY LTD
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS -CONTINUED
For the year ended 30 June 2019

The Commonwealth of Australia holds a fixed charge over the moveable manufacturing plant and equipment owned by the Company in relation with the submarine build contract.

The Commonwealth of Australia also holds the fixed and floating charge over all assets owned by ASC AWD Shipbuilder Pty Ltd in connection with the Air Warfare Destroyer construction contract.

The above charges are held against default of the contracts. There are currently no amounts owing to the Commonwealth of Australia in relation to these charges.

June 2019 $'000

June 2018 $'000

Current

Trade receivables

39,511

28,499

Other receivables

289

13

Total current assets pledged as security

39,800

28,512

Non-current

Plant and equipment

16,207

16,801

Total assets pledged as security

56,007

45,313