Annual Report & ACCOUNTS for the year ended 30 June 2014

HYR 2014

Borrowings due within one year
Bank overdraft3,4855,809
Bank loan10,000
Arrangement fees netted off(588)
Borrowings due after more than one year
Aggregate bank loan instalments repayable:
— between one and two years32,03910,000
— between two and five years95,073
Arrangement fees netted off(386)(1,375)
Total borrowings35,138118,919

The current revolving credit and overdraft facilities are secured by a fixed and floating charge on the assets of the Group. Interest is charged at 2.5% over LIBOR on the bank loan and revolving credit facility and 2.5% over base rate on the bank overdraft. No covenants have been breached during the year ended 30 June 2014. No interest has been capitalised during the year (2013: £nil).

In September 2014, the Company refinanced its existing bank facility. The Company's revised borrowing facility comprises a £90 million revolving credit facility and a £30.0 million Accordion facility committed until September 2019. Refer to note 20 to the Consolidated Financial Statements for further details.

The Company guarantees certain borrowings of other Group companies, which at 30 June 2014 amounted to £110,000 (2013: £480,000).