28. INTEREST BEARING LOANS AND BORROWINGS (NON-CURRENT) 29. ISSUED CAPITAL Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at  shareholder meetings. In the event of winding up the Company the holders are entitled to participate in the proceeds from the sale  of all surplus assets in proportion to the number of and amounts paid up on shares held. 96  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011 (c) Terms and conditions of contributed equity Plant and equipment assets are pledged against lease liabilities for the term of the lease period. 2011 2010 Lease liability 217,041  681,339  Financing facilities available At reporting date, the following financing facilities were available: Total facilities - finance lease facility 1,158,829  2,834,719  Facilities used at reporting date - finance lease facility 1,158,829  2,834,719  Assets pledged as security: The carrying amounts of assets pledged as security for current and non-current interest bearing liabilities are: Non-current Finance lease  Plant and equipment 2,827,596  4,485,166  Total non-current assets pledged as security 2,827,596  4,485,166  Represents finance leases which have repayment terms of 36 months from inception. The carrying amount of the Consolidated Entity's non-current loans and borrowings approximate their fair value. The difference between  the carrying amount and fair value is immaterial. Number $ Movements in ordinary shares on issue At 1 July 2009 1,187,661,782  274,280,247  Issued on 3 December 2009 for cash pursuant to placement 178,000,000  16,020,000  Deferred tax asset recognised on equity transactions -  (125,293) Share issue costs -  (33,167) At 30 June 2010 1,365,661,782  290,141,787  Deferred tax asset recognised on equity transactions -  (85,561) Share issue costs - - At 30 June 2011 1,365,661,782  290,056,226  2011 2010 Ordinary Shares Issued and fully paid 290,056,226  290,141,787  (a) (b)