2017
£000
2016
£000
Current liabilities:
Bank loans9651,648
Finance lease obligations824
9731,672
Non-current liabilities:
Bank loans180,529154,435
Finance lease obligations8
Arrangement fees netted off(351)(342)
180,186154,093
Total borrowings181,159155,765

In October 2016, the Group increased its existing facility from £150.0 million plus an accordion of £30.0 million to a multi-currency revolving credit facility of £205.0 million with no accordion until September 2019. During the year £25.0 million was drawn from this revised facility. This facility is not secured on any specific assets of the Group but is supported by a joint and several cross-guarantee structure. Interest will be charged at 1.8% over LIBOR. All covenants were met during the year ended 30 June 2017. This facility has since been refinanced post year-end, refer to Note 35.

At 30 June 2016, it was noted that the £1.6 million of the facility exceeded the £150.0 million limit due to exchange rate movements, as such, this was disclosed within the current portion of borrowing.

Genera also has borrowing facilities of £7.4 million, of which £4.7 million was drawn down at 30 June 2017. Interest is fixed at 3.2%.

The maturity of the bank loans and overdrafts is as follows:

2017
£000
2016
£000
Payable:
Within one year9651,648
Between one and two years1,158
Between two and five years179,371154,435
181,494156,083

The minimum lease payments and the present value of minimum lease payments payable under finance lease obligations are:

Minimum lease
payments
Present value of minimum
lease payments
2017
£000
2016
£000
2017
£000
2016
£000
Within one year824824
Between one and two years77
Between two and five years11
Total minimum lease payments16241624
Future finance charges1212
Present value of lease obligations17261726

Further information on the interest profile of borrowings is shown in note 24.