NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT 21. INTEREST-BEARING LOANS AND BORROWINGS 31 Mar 2013  $000 31 Dec 2012  $000 31 Mar 2012  $000  (reviewed ) Current Obligations under finance leases 3,316 2,919 1,153 $12,000,000 Landmark facility  12,000 - - 15,316 2,919 1,153 Non-current Obligations under finance leases 8,929 9,280 6,148 $450,000,000 bank loan facility 398,535 398,347 372,715 407,464 407,627 378,863 $450,000,000 bank loan facility - secured The loans are repayable on 9 March 2015� It is intended that the loans will be renewed at maturity date� The facility comprises two facilities: The carrying amount of our current and non-current borrowings approximates their fair value�  Details regarding interest rate, foreign exchange and liquidity risk is disclosed in note 4� Financing facilities are provided on a secured basis, with security given over all fixed and floating assets� During the current and prior years, there were no defaults or breaches on any of the loans� We have the following financing facilities: 31 Mar 2013  $000 31 Dec 2012  $000 31 Mar 2012  $000  (reviewed ) $450,000,000 bank loan and $300,000 guarantee facility  Total  450,300 450,300 450,300 Drawn-down (400,215) (400,231) (375,080) Unused 50,085 50,069 75,220 Financial covenants in place include debt cover ratios, gearing ratio and consolidated net worth� Annual Report 2013 89 Facility A - $400,000,000  This facility is currently drawn down by $400,000,000 (31 December 2012: $400,000,000; 31 March 2012:  $375,000,000) and is offset in the statement of financial position by a prepaid facility participation fee of  $1,465,000 (31 December 2012: $1,653,000; 31 March 2012: $2,285,000)� Facility B - $50,000,000 This facility relates to the development of AACo’s Darwin abattoir and is undrawn� (a) Fair values  (b) Interest rate, foreign exchange and liquidity risk (c) Assets pledged as security (d) Defaults and breaches (e) Financing arrangements