96 Consolidated  Notes to the  Financial  Statements 2012  $m 2011  $m Note 25 – Trade and other payables (current) Trade payables and accrued expenses 1,153.3  840.4  Goods and services tax payable 3.9  12.7  Amounts owing to jointly controlled entities 1.2  –  1,158.4  853.1  Trade payables are generally settled within 30 days of the date of recognition. For terms and conditions relating to amounts owing to jointly controlled entities, refer to Note 50. Note 26 – Borrowings (current) At amortised cost Bank loans – secured (Note 30) 614.5  –  Bank loans – unsecured (Note 30) –  886.7  Finance lease liabilities – secured (Note 39) 1.5  –  616.0  886.7  Note 27 – Provisions (current) Employee benefits 77.5  51.1  Environmental restoration (Note 31) 5.3  8.2  Restructuring (Note 31) 2.2  12.9  Onerous contracts (Note 31) 47.3  20.9  Other  –  1.2  132.3  94.3  Note 28 – Other financial liabilities (current) Derivative financial instruments – at fair value (Note 53) – Interest rate swap contracts – cash flow hedges 3.0  1.3  – Forward foreign exchange contracts – cash flow hedges 10.6  56.7  – Energy derivatives – cash flow hedges 27.0  123.2  – Energy derivatives – economic hedges 368.1  259.5  408.7  440.7  Deferred consideration (Note 43) 30.0  –  Contingent consideration (Note 43) 3.1  –  441.8  440.7  Note 29 – Other liabilities (current) Deferred revenue – Government assistance 240.1  –  – Other 10.2  15.1  250.3  15.1 Government assistance On 8 November 2011, the Federal Parliament passed the Clean Energy Legislative Package, which sets out the way that Australia will introduce  a carbon price to reduce Australia’s carbon pollution and move to a clean energy future. Under the Clean Energy Act 2011, which is the central  Act of the package, an Energy Security Fund was established to support a secure energy market transition to a clean energy future. On 22 June 2012, Great Energy Alliance Corporation Pty Limited, the owner of the Loy Yang A power station, received a coal-fired  generation assistance cash payment of $240.1 million from the Australian Government under the Energy Security Fund.  In accordance with the requirements of AASB 1020  Accounting for Government Grants and Disclosure of Government Assistance , the  $240.1 million has been recognised as deferred revenue at 30 June 2012 and will be released to the income statement during the 2013  financial year, reducing the impact of the carbon price expense in the first year of the scheme.