15 Interest bearing liabilities and credit facilities
i) Interest bearing liabilities - unsecured
|
$million |
2019 |
2018 |
|
|---|---|---|---|
|
Bank loans |
5.0 |
- |
|
|
Borrowing costs |
(1.0) |
(0.8) |
|
|
Finance lease liability |
4.9 |
11.2 |
|
|
Total current interest bearing liabilities |
8.9 |
10.4 |
|
|
Non-current |
|||
|
Bank loans |
1,237.0 |
711.0 |
|
|
Borrowing costs |
(3.8) |
(1.4) |
|
|
Finance lease liability |
67.3 |
65.5 |
|
|
Total non-current interest bearing liabilities |
1,300.5 |
775.1 |
ii) Credit facilities - unsecured
|
$million |
2019 |
2018 |
|
|---|---|---|---|
|
Financing facilities |
|||
|
Amounts used |
1,237.0 |
711.0 |
|
|
Amounts unused |
663.0 |
389.0 |
|
|
Total financing facilities |
1,900.0 |
1,100.0 |
These facilities have fixed maturity dates as follows: $400.0 million in 2020, $300.0 million in 2021, $350.0 million in 2022, $550.0 million in 2023 and $300.0 million in 2024.
|
2019 |
2018 |
||
|---|---|---|---|
|
Uncommitted short term money market facilities |
|||
|
Amounts used |
5.0 |
- |
|
|
Amounts unused |
40.0 |
45.0 |
|
|
Total short term money market facilities |
45.0 |
45.0 |
Recognition and measurement
Borrowings are recorded initially at fair value, net of transaction costs. Subsequent to initial recognition, borrowings are measured at amortised cost with any difference between the initial recognised amount and the redemption value being recognised in the consolidated statement of profit or loss over the period of the borrowing, using the effective interest rate method.
Visit
https://www.transparency.gov.au/annual-reports/snowy-hydro-limited/reporting-year/2018-2019-62