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16. Financial Risk Management continued b Liquidity risk continued Exposure and sensitivity Financing arrangements Unrestricted access was available at balance date to the following lines of credit Consolidated As at 30 June 2015 Bank facilities 000 Working capital facility 000 Non-recourse receivables financing facility 000 Revolving facility 000 Total facilities 000 Line of credit value 650000 5000 65000 720000 Used at balance date 650000 4087 22161 676248 Unused at balance date 913 42839 43752 Consolidated As at 30 June 2014 Bank facilities 000 Working capital facility 000 Non-recourse receivables financing facility 000 Revolving facility 000 Total facilities 000 Line of credit value 650000 5000 50000 705000 Used at balance date 650000 3460 653460 Unused at balance date 1540 50000 51540 The 650 million debt facility for the Group matures on 12 January 2019. The Groups bank facilities are denominated in Australian dollars as at 30 June 2015 and 30 June 2014. The 50 million revolving facility was cancelled during the year. The non-recourse receivables financing facility matures on 19 June 2017. Undiscounted future cash flows The tables below summarise the maturity profile of the financial liabilities as at 30 June based on contractual undiscounted repayment obligations. Repayments which are subject to notice are treated as if notice were given immediately. Consolidated As at 30 June 2015 Less than 1 year 000 1-2 years 000 2-3 years 000 3-5 years 000 Greater than 5 years 000 Lease liabilities 103 102 73 15 4 Borrowings Principal 650000 Interest cashflows1 28560 28207 27477 13672 Derivative financial instruments2 1732 Payables3 84883 Total 113546 28309 29282 663687 4 Consolidated As at 30 June 2014 Less than 1 year 000 1-2 years 000 2-3 years 000 3-5 years 000 Greater than 5 years 000 Lease liabilities 86 159 56 3 4 Borrowings Principal 650000 Interest cashflows1 40108 32079 32079 49305 Derivative financial instruments2 8946 Payables3 80969 Total 130109 32238 32135 699308 4 1 Calculated using a weighted average variable interest rate. Interest cashflows includes interest on principal borrowings swap interest and the commitment fee on the non-recourse receivables financing facility. 2 The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. The Group uses a variety of methods and makes assumptions that are based on market conditions existing at the end of each reporting period. The fair value of interest rate swaps are calculated as the present value of the estimated future cash flows and are included in Level 2 under derivative financial instruments. The total fair value of derivatives used for hedging is 1.7 million 2014 8.9 million. 3 The payables balance excludes GST Payable as this is not a financial liability. 61 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015