|Finance lease obligations||8||24|
|Finance lease obligations||8||—|
|Arrangement fees netted off||(351)||(342)|
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:
|Within one year||965||1,648|
|Between one and two years||1,158||—|
|Between two and five years||179,371||154,435|
The minimum lease payments and the present value of minimum lease payments payable under finance lease obligations are:
|Present value of minimum|
|Within one year||8||24||8||24|
|Between one and two years||7||—||7||—|
|Between two and five years||1||—||1||—|
|Total minimum lease payments||16||24||16||24|
|Future finance charges||1||2||1||2|
|Present value of lease obligations||17||26||17||26|
Further information on the interest profile of borrowings is shown in note 24.