Ann: Q3FY20 Appendix 4C - Quarterly Report with Commentary, page-32

Anyone know why unused financing facility states $2,248,000 when total facility amount at quarter end is $43,614,000 and amount drawn at quarter end is $15,688,000.Are there conditions on some of the finance money not being available.??

Loan facility

: Line of Credit (LoC)

Total drawn at 31 March 2020:
A$13.897 million
Use of funds: Working capital
Lender: Eastfield/Luminous (from acquisition of Lifi Labs, Inc. dba LIFX)
Interest Rate: 12% + 5% on late payments
Secured or unsecured: secured by second position on receivables and inventory
Payment: The remaining balance is due in May 2020 and is being renegotiated with the holder.

:Trade Finance Facility

Total drawn at 31 March 2020: A$0.398 million
Loan:Trade Finance Facility
Total Facility Amount: A$20 million
Use of funds: Working capital and repayment of above LoC
Lender: Scottish Pacific Bank
Interest Rate: Prime rate plus 6.5%.
Secured or unsecured: secured by receivables
Term: 24 months

: Inventory Finance Facility

Total drawn at 31 March 2020: A$1.393 million
Loan: Inventory Finance Facility
Total Facility Amount: US$6 million (A$9.717 million at 31 March 2020)
Use of funds: Working capital and repayment of above LoC
Lender: The Challenger Trade Finance Segregated Portfolio of the South Africa Alpha SPC InterestRate:LIBORplus9.5%. Plus a draw down fee of 0.5% of the balance drawn ,not to exceed 3% in any year.
Secured or unsecured: secured by inventory at specific locations
Term: 24 months