Report & Accounts - JLT

22. Borrowings cont.The fair values of certain non-current borrowings are as follows:CarryingFairamount value2004 2004£'000 £'000CurrentBank overdraft 1,281 1,281Unsecured loan notes & other borrowings 315 315Bank Borrowing 24,156 24,156Finance lease liabilities 380 38026,132 26,132Non CurrentBank Borrowing - -Finance lease liabilities 751 751751 751Total borrowings 26,883 26,8832005 2004Maturity of non-current borrowings (excluding finance lease liabilities): £'000 £'000Between 1 and 2 years 12 -Between 2 and 3 years 54,406 -54,418 -2005 2004Finance lease liabilities - minimum lease payments: £'000 £'000No later than 1year 507 428Later than 1 year and not later than 2 years 323 473Later than 2 year and not later than 3 years 231 245Later than 3 year and not later than 4 years 80 1271,141 1,273Future finance charges on finance leases (114) (142)Present value of finance lease liabilities 1,027 1,131The present value of finance lease liabilities is as follows: £'000 £'000No later than 1 year 456 380Later than 1 year and not later than 2 years 291 420Later than 2 year and not later than 3 years 208 218Later than 3 year and not later than 4 years 72 1131,027 1,131Borrowing facilities2005 2004The Group has the following undrawn committed borrowing facilities available at 31st December 2005 £'000 £'000Floating rate- expiring within one year - 51,000- expiring beyond one year 95,594 -95,594 51,000Facilities expiring beyond one year expire in January 2008 and relate to the Group’s committed unsecured £150.0 million revolving creditfacility. Drawings under the facility are subject to a margin of 47.5 basis points above the relevant LIBOR interest rate and additionally incurcommitment fees on the undrawn facility. The facilities terms and conditions include common debt and interest cover covenants which theGroup expects to continue to comply with.Financial Statements Jardine Lloyd Thompson Group plc Annual Report & Accounts 200581