Source: finance

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2000

<table>
  <tr>
    <th>Note</th>
    <th colspan="2">Consolidated</th>
    <th colspan="2">Company</th>
  </tr>
  <tr>
    <th></th>
    <th>2000</th>
    <th>1999</th>
    <th>2000</th>
    <th>1999</th>
  </tr>
  <tr>
    <td>Fair value of net assets acquired</td>
    <td></td><td></td><td></td><td></td>
  </tr>
  <tr>
    <td>Cash</td>
    <td>–</td><td>470,632</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Trade debtors</td>
    <td>–</td><td>7,267,099</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Inventories</td>
    <td>–</td><td>31,270</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Prepayments</td>
    <td>–</td><td>281,035</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Property, plant and equipment</td>
    <td>–</td><td>11,301,515</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Investments</td>
    <td>–</td><td>2,647</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Future income tax benefit</td>
    <td>–</td><td>68,504</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Trade creditors</td>
    <td>–</td><td>(1,428,995)</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Other creditors</td>
    <td>–</td><td>(8,652,768)</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Borrowings</td>
    <td>–</td><td>(4,289,707)</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Provisions</td>
    <td>–</td><td>(1,230,194)</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td>Income tax payable</td>
    <td>–</td><td>(1,376,427)</td><td>–</td><td>–</td>
  </tr>
  <tr>
    <td></td><td>–</td><td>2,444,611</td><td>–</td><td>–</td>
  </tr>
</table>

(e) Financing Facilities
Secured loan facilities with various maturity dates through to 2001 and which may be extended by mutual agreement:
• Amount used
• Amount unused

<table>
  <tr>
    <th></th>
    <th>2000</th>
    <th>1999</th>
    <th>2000</th>
    <th>1999</th>
  </tr>
  <tr>
    <td>Amount used</td>
    <td>6,500,000</td>
    <td>6,500,000</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Amount unused</td>
    <td>–</td>
    <td>–</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td></td>
    <td>6,500,000</td>
    <td>6,500,000</td>
    <td>–</td>
    <td>–</td>
  </tr>
</table>

20. EXPENDITURE COMMITMENTS

(a) Hire Purchase Contracts

<table>
  <tr>
    <th></th>
    <th>2000</th>
    <th>1999</th>
    <th>2000</th>
    <th>1999</th>
  </tr>
  <tr>
    <td>Not later than 1 year</td>
    <td>1,676,437</td>
    <td>1,243,290</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Later than 1 year but not later than 2 years</td>
    <td>1,421,664</td>
    <td>1,057,181</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Later than 2 years but not later than 5 years</td>
    <td>5,629,025</td>
    <td>3,631,561</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Minimum future payments</td>
    <td>8,727,126</td>
    <td>5,932,032</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Future finance charges</td>
    <td>(1,323,229)</td>
    <td>(876,470)</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Hire purchase liability</td>
    <td>7,403,897</td>
    <td>5,055,562</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Included in the accounts as:</td>
    <td></td><td></td><td></td><td></td>
  </tr>
  <tr>
    <td>Hire purchase liability - current</td>
    <td>1,185,305</td>
    <td>899,399</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td>Hire purchase liability - non current</td>
    <td>6,218,592</td>
    <td>4,156,163</td>
    <td>–</td>
    <td>–</td>
  </tr>
  <tr>
    <td></td>
    <td>7,403,897</td>
    <td>5,055,562</td>
    <td>–</td>
    <td>–</td>
  </tr>
</table>