b'NOTES TO THE FINANCIAL STATEMENTS >for the year ended 30 June 2019NOTE 18. CURRENT LIABILITIESBORROWINGSCONTINUEDThe loan from Mega International Commercial Bank Co., Ltdiv.a pledge of the debt service reserve account maintained (Mega Bank), which was initially drawn down on 1 July 2015by Donaco Hong Kong Limitedand refinanced on 14 August 2017, was restructured andv.a security assignment of contractual rights held byrefinanced under new binding agreements effective June 2019.the parent entity under the purchase agreement forUnder the new refinancing terms, future principal repaymentsDNA Star Vegashave been reduced to USD5 million, with final settlement in June 2021. vi.a security agreement over the assets of DNA Star Vegas; The consolidated entity complied with loan covenants asvii.A hypothec agreement over the land and buildingsamended by Mega Bank during the year and consequentlyof DNA Star Vegascontinued to present the outstanding loan balance expected to be settled more than 12 months after the reporting periodMORTGAGE TO JOINT STOCK COMMERCIAL as a non-current liability as at 30 June 2019 (Note 22). OCEAN BANKA mortgage was registered by the Ocean Bank of VietnamASSETS PLEDGED AS SECURITY over the assets of the Aristo International Hotel onThe loan from Mega Bank is secured by the following: 11 July 2011. Total borrowings as per the statement of financial position as at 30 June 2019 under this arrangement were i.a parent company guarantee from the parent entity AUD4,498,205 (2018: AUD7,205,935).for the debt owed by Donaco Hong Kong LimitedSubject to the continuance of satisfactory credit ratings,ii.a pledge of the shares in Donaco Hong Kong Limitedthe bank loan facilities may be drawn down at any time.owned by the parent entity (carrying valueAUD123,347,846, 2018: AUD293,608,393) FINANCING ARRANGEMENTSiii.a pledge of the shares in DNA Star Vegas owned by DonacoUnrestricted access was available at the reporting dateHong Kong Limited (carrying value AUD165,735,942, to the following lines of credit (current and non current).2018: AUD443,615,198) CONSOLIDATED20192018 $$Total facilities: Bank loans 35,943,361 70,401,487Used at the reporting date: Bank loans 35,943,361 70,401,487Unused at the reporting date: Bank loansNOTE 19. CURRENT LIABILITIESINCOME TAX CONSOLIDATED20192018 $$Provision for income tax 1,764,696 2,008,40266 DONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT'