Notes to the Financial Statements 89 16. Borrowings This note provides information about the contractual terms of the Group’s interest-bearing loans and borrowings. For more information about the Group’s exposure to interest rate and liquidity risk, see Note 28. Notes t o the Financial Statements 2013  $’000 2012  $’000 Current Secured bank loans 73,613 26,860 Preference shares in controlled entity 10,488 8,837 Total borrowings – current 84,101 35,697 Non-current Secured bank loans 115,575 121,765 Preference shares in controlled entity 82 82 Total borrowings – non-current 115,657 121,847 Borrowings Secured bank loans 189,188 148,625 Preference shares in controlled equity 10,570 8,919 Total borrowings 199,758 157,5 4 4 Currency  Nominal  interest  Year of  maturity  Face value  $’000 Carrying  amount  $’000 Corporate loan facility AUD BBSY 1  + margin 2016 20,000  20,000 Convertible loan facility AUD BBSY 1  + margin 2016 35,000  35,000 Syndicated loan facilities Thai Baht THBFIX 2 + margin 2018 59,171  59,171 Syndicated loan facilities USD LIBOR 3  + margin 2018 7 7,824 7 7,824 Less capitalised borrowing costs (2,807) Total 189,188 Terms and debt repayment schedule Terms and conditions of outstanding loans were as follows: 1 BBSY means bank bill swap bid rate 2 THBFIX means Thai Baht interest rate fixing 3 LIBOR means London interbank offered rate continued