CONSOLIDATED  PARENT  2003  2002  2003  2002  $000  $000  $000  $000  20. Provisions (Current)  Dividends on ordinary shares  -  26,738  -  26,397  Employee entitlements 8,060  6,320  -  -  Total other provisions (current)  8,060  33,058  -  26,397  21. Other Liabilities (Current) Lease incentives 1,216  1,178  -  -  Unearned revenue 5,140  2,600  -  -  Total other liabilities (current)  6,356  3,778  -  -  22. Payables (Non-Current)  Unsecured: Trade creditors -  32  -  -  23. Interest-Bearing Liabilities (Non-Current)  Secured bills payable  386,714  281,689  -  -  Lease liabilities 4,073  9,330  -  -  Hire purchase liabilities -  16  -  -  Total interest-bearing liabilities (non-current)  390,787  291,035  -  -  Bills payable are secured by a first mortgage over certain freehold land and buildings and by deeds of charge and mortgage debentures over inventories, trade debtors, consumer finance loans and lease receivables. The bills have an average maturity of 30 days with effective interest rates of 4.9% to 6.6% (2002: 4.3% to 5.3%).  Bills payable have been classified as non-current interest-bearing liabilities on the basis that no net principal reductions are intended to be made prior to 30 June 2004 pursuant to the existing bill facilities. 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 operation of the business. In addition certain ratios are to be maintained to the satisfaction of the bank.  These facilities are subject to annual review.  24. Provisions (Non-Current)  Employee entitlements 1,344  1,358  -  -  Total bills payable in the consolidated entity as a proportion of total equity in the consolidated entity  Bills Payable to Equity Ratio 0. 37 0.32 0. 37 2003 2002 2001 45  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003 Notes to the Financial Statements (continued) 