The Group has adequate cash resources to manage the short-term working capital needs of the business. The Group may need to negotiate sufficient future financing arrangements, however in the year a 3-year £100 million revolving facility was entered into with Barclays, HSBC, RBS and Santander, and as at 30 November 2014 the facility remained unutilised.
The Group monitors its liquidity requirements to ensure it has sufficient cash to meet operational needs. For further details see Note 4.13.
The table below analyses the Group's financial liabilities into relevant maturity groupings based on the remaining period to the contractual maturity date at the Balance sheet date. The amounts disclosed in the table are the carrying values and undiscounted contractual cash flows.
| Notes | Carrying
value
£m | Contractual
cash flows
£m | 1 year
or less
£m | 1–2
years
£m | 2–5
years
£m | More than
5 years
£m |
|---|
| Financial liabilities | | | | | | | |
| Trade payables | 3.10 | (53.0) | (53.0) | (53.0) | — | — | — |
| Accruals | 3.10 | (42.0) | (42.0) | (42.0) | — | — | — |
| Borrowings | 4.2 | (9.5) | (10.3) | (3.7) | (4.3) | (2.3) | — |
| Obligations under finance leases | 4.3 | (151.9) | (185.7) | (31.9) | (26.8) | (59.4) | (67.6) |
| Derivative liabilities | 4.6 | (0.2) | (0.2) | (0.2) | — | — | — |
| 1 December 2013 | | (256.6) | (291.2) | (130.8) | (31.1) | (61.7) | (67.6) |
| Notes | Carrying
value
£m | Contractual
cash flows
£m | 1 year
or less
£m | 1–2
years
£m | 2–5
years
£m | More than
5 years
£m |
|---|
| Financial liabilities | | | | | | | |
| Trade payables | 3.10 | (61.3) | (61.3) | (61.3) | — | — | — |
| Accruals | 3.10 | (46.6) | (46.6) | (46.6) | — | — | — |
| Borrowings | 4.2 | (6.7) | (6.9) | (4.5) | (1.9) | (0.5) | — |
| Obligations under finance leases | 4.3 | (169.0) | (205.6) | (34.9) | (29.3) | (70.4) | (71.0) |
| Derivative liabilities | 4.6 | (0.2) | (0.2) | (0.2) | — | — | — |
| 30 November 2014 | | (283.8) | (320.6) | (147.5) | (31.2) | (70.9) | (71.0) |