notes to the financial statements for the year ended 30 June 2001 a) Project Debt Facility – Tranche A b) Project Debt Facility – Tranche B d) CPI Bond Facility c) Project Debt Facility – Tranche C e) Mezzanine Note Facility Credit facilities are provided as part of the overall debt funding structure and comprise Tranche A, B and C project debt facilities, a CPI Bond facility and a Mezzanine Debt facility. Details of each facility are as follows:- Financing Arrangements and Credit Facilities $778 million multi option facility which can be drawn as cash advances or letters of credit. The facility is for a term of 17 years from 4 March 1996. As at 30 June 2001, $758 million had been utilised in the form of cash advances (2000: $766 million) and $20 million had been used as a letter of credit (2000: $20 million). $98 million multi option facility which was fully utilised as at 30 June 2001. The facility is for a term of 19 years from 4 March 1996. $91 million multi option facility which was fully utilised at 30 June 2001. The facility is for a term of 16 years from 31 March 1999. $350 million CPI Bond facility with a term of 27 years from March 1996 which was fully drawn as at 30 June 2001. The facility is being amortised by equal quarterly payments which cover principal and interest. These payments are indexed according to movements in the CPI. $200 million multi option facility which was fully utilised at 30 June 2001. The facility is for a term of 24 years from 31 March 1999. 2001 2000 $’000 $’000 13. INTEREST BEARING LIABILITIES – CURRENT LIABILITIES Secured Project Debt - Tranche A 19,952 8,058 Project Debt - Tranche B 148 - Project Debt - Tranche C 137  - 20,237 8,058 14. INTEREST BEARING LIABILITIES – NON-CURRENT LIABILITIES  Secured CPI Bonds  361,607  348,023 Project Debt - Tranche A  738,267  758,221 Project Debt - Tranche B  98,241 98,388 Project Debt - Tranche C  90,873 91,009 Mezzanine Debt  200,000 200,000 1,488,988 1,495,641 14