Notes to the Consolidated Financial Statements  Cardno Limited and its Controlled Entities for the year ended 30 June 2010 20. INTEREST-BEARING LOANS & BORROWINGS (NON-CURRENT)  Bank Loans As at 30 June 2010 the Group has bank loans totalling $169,779,591 (2009: $78,884,102), with an effective interest rate  of 2.72% (2009: 3.01%).  The facility limits are multi-currency comprising an on-demand working capital / guarantee facility of AUD19.0 million and  term acquisition financing facilities of USD129.1 million and GBP8.55m repayable in July 2012. Pricing of the working  capital facility is BBSY plus a margin ranging from 2.25% to 3.00% depending on the Maximum Financial Leverage  Ratio, while current interest rates on term facilities range from 2.60% pa. to 3.07% pa. The undrawn portion of facilities  at 30 June 2010 was AUD17.4 million (2009: AUD10.0 million). Facilities are secured by an unlimited interlocking  guarantee and indemnity.  The portion of the bank loans disclosed as a current liability represents amounts due to be repaid within one year.  There were no bank overdrafts in existence at 30 June 2010 (2009: Nil). The Company does not have authorised capital or par value in respect of its issued shares.  All shares are ordinary shares and have the right to receive dividends as declared and, in the event of winding up the  Company, 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. Ordinary shares entitle their holder to one vote, either in person or by proxy, at a meeting of  members.  The Company issued shares subsequent to year end – refer to note 29. 2010  $’000  2009  $’000  21. LONG-TERM PROVISIONS Employee entitlements  6,527 5,629 22. OTHER NON-CURRENT LIABILITIES  Deferred rent 394 420 Other 235 511 629 931 30 June 2010  30 June 2009  No. of  shares  $’000  No. of  shares  $’000  23. ISSUED CAPITAL OF CARDNO LIMITED Balance at the beginning of the period  84,272,249 227,457 73,509,653 192,063 - Shares issued during the period:  - Dividend reinvestment scheme  392,854 1,646 558,162 2,036 - Shares issued for cash  5,410,426 20,663 8,658,018 28,612 - Employee Tax Exempt Share Acquisition Plan  434,932 1,764 485,287 1,541 - Employee share based payments  - 550 - 552 - Conversion of Convertible Notes - - 1,061,129 2,653 Balance at the end of the year  90,510,461 252,080 84,272,249 227,457 Page 49 of 80 