Notes to the Financial Statements (continued)  37. Financing Arrangements  Companies in the consolidated entity have access to the following financing facilities with a financial institution:  Interest Swap Principal Fixed Interest Rate  Expiry Date  50,000,000  5.09%  2 November 2006  100,000,000  5.59%  26 July 2005  100,000,000 4.99% 9 May 2008 50,000,000 5.97% 9 May 2005 (a) The consolidated entity has $300 million of the Bank Bill standby arrangement facility on four fixed interest rate swaps as follows:  2002 CONSOLIDATED  Accessible Drawndown Unused $000 $000 $000 Bank Bill Standby Arrangements  385,207  281,689  103,518  Bank Overdraft 5,600 - 5,600 Total financing facilities 390,807 281,689 109,118 2003  CONSOLIDATED  Accessible Drawn-down Unused $000 $000 $000 Bank Bill Standby Arrangements (a)  567,685 386,714 180,971 Bank Overdraft 4,729 - 4,729 Total financing facilities 572,414 386,714 185,700 The remaining facilities are subject to annual review. The bank reserves the right to withdraw the facilities if in the  opinion of the bank, there have been material adverse changes in the financial condition or operations of the  business. The company can cancel the facilities at any review date.  For additional financing facilities not disclosed above, refer to Notes 18 and 33(b) for details in relation to loans by  directors to Derni Pty Limited (a wholly owned subsidiary of Harvey Norman Holdings Limited) and other financing.  (a) Objectives for Holding Derivative Financial Instruments  The consolidated entity uses derivative financial instruments to manage specifically identified interest rate and foreign  currency risks. The purposes for which specific derivative instruments are used are as follows:  Forward exchange contracts are purchased to hedge the Australian dollar value of purchases of products denominated in  foreign currency.  Interest rate swap agreements are used to convert floating rate exposures on certain debt to fixed rates. These swaps  entitle the consolidated entity to receive, or oblige it to pay, the amounts, if any, by which actual interest payments on  nominated loan amounts exceed or fall below specified interest amounts.  38. Financial Instruments  65  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003