40 for the year ended 30 June 2024 All figures are in A$000's Note 2024 2023 Current Obligations under Leases 15(a) 21 89 Chattel Mortgage at 5.34% to 6.41% 15(b) - 11 Other Financing 15(c) - 1,958 Term Loan Facility 15(d) - 23,081 Total current interest bearing borrowings 21 25,139 Non-current Obligations under Leases 15(c) - 21 Total non-current interest bearing borrowings - 21 Total capitalised finance lease obligations 18 - 21 15(a) - The Group has entered into finance lease agreements in Singapore for the sale and leaseback of construction equipment. The term of the obligation is average 2.5 years with an average cost of funding of 2.9% - 3.5%. The leases have no terms of renewal and no obligation to repurchase. Finance lease obligations are secured against the equipment purchased. 15(b) - Between June 2015 to February 2019 the Group entered into Equipment Chattel Mortgages. The term of the obligations are three years with a fixed cost of funding of 5.34% to 6.41%. The mortgages were secured against the equipment purchased. 15(c) - In May 2023 the Group entered into a master installment payment agreement with Microsoft Financing for the Group licencing requirements to be paid in 11 equal monthly installments ending 31 March 2024 with a cost of funding of 7.7%. 15(d) - In June 2023, the Company converted an amount owing to UOB of $28,081,398 to a 12 month term loan with a cost of funding of BBSY + 4%. The mortgages was secured through property, plant and equipment purchased. The term loan was fully repaid by 30 June 2024. Information regarding foreign exchange, interest rate and liquidity risk exposures are set out in Note 20. Consolidated 15. Interest bearing borrowings Notes to the annual financial statements (continued)
RkJQdWJsaXNoZXIy Mjk0NTM=