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## 20. PROPERTY, PLANT & EQUIPMENT (NON-CURRENT) 

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The carrying value of plant and equipment held under finance leases and hire purchase contracts at 30 June 2011 is $2,827,596 (2010: $4,485,166). Value of plant and equipment purchased under finance leases and hire purchase contracts for 30 June 2011 financial year is nil (2010: Nil). 

Leased assets and assets under hire purchase contracts are pledged as security for the related finance lease and hire purchase lease liabilities (refer to notes 25 and 28). 

