notes to the financial statements for the year ended 30 June 2001 Consolidated Parent Entity 2001  2000  2001  2000 $’000 $’000 $’000 $’000 14. NON INTEREST BEARING LIABILITIES – NON CURRENT LIABILITIES Advance from the Trust  1,576,600  1,576,600  1,576,600  1,576,600 Concession Notes  135,682  114,253  135,682  114,253 1,712,282  1,690,853  1,712,282  1,690,853  15. PROVISIONS – NON CURRENT LIABILITIES Employee entitlements -  666  -  666 Directors’ retirement  936  476  936  476  936  1,142  936  1,142 16. EQUITY a) Paid up capital  510,000,000 shares - fully paid  5,100  5,100  5,100  5,100 5,100  5,100  5,100  5,100 b) Options 2,350,000 options were granted under the Transurban Executive Options Plan to eight senior executives of Transurban City Link Ltd (see note 19). No stapled securities were issued at 30 June 2001. 17. RETAINED LOSSES  Retained losses at the beginning of the period  (163,358)  -  (164,007) - Net losses incurred during the period  (221,382) (163,358)  (221,801)  (164,007) Retained losses at the end of the financial year  (384,740)  (163,358)  (385,808)  (164,007) 18. REMUNERATION OF DIRECTORS Income paid or payable, or otherwise made available, to directors by entities in the consolidated entity and  related parties in connection with the management of  affairs of the parent entity or its controlled entity  1,440  1,464  1,440  1,464  48