Notes29 November
2015
£m
30 November
2014
£m
Current Liabilities
Borrowings4.21.64.4
Obligations under finance leases4.326.526.5
  28.130.9
Non-Current Liabilities
Borrowings4.27.72.3
Obligations under finance leases4.3137.0142.5
 144.7144.8
Total Borrowings and Finance Leases172.8175.7

Borrowings

Less than
one year
£m
Between
one year and
two years
£m
Between
two years and
five years
£m
Total
£m
As at 30 November 2014
Secured loans4.41.80.56.7
Total Borrowings4.41.80.56.7
As at 29 November 2015
Secured loans1.61.56.29.3
Total Borrowings1.61.56.29.3

The secured loans outstanding at period end can be analysed as follows:

Principal amount
£m
InceptionSecured
over
Current
interest rate
Instalment
frequency
Final
payment
due
Carrying
amount as at
29 November
2015
£m
Carrying
amount as at
30 November
2014
£m
8.0May—07Property, plant
and equipment
Clearing bank base rate + 3.0%QuarterlyFeb—150.8
1.5Dec—06Freehold propertyLIBOR + 2.75%QuarterlyFeb—150.4
1.5Feb—09Freehold propertyLIBOR + 2.75%QuarterlyFeb—150.6
2.8Dec—09Freehold propertyLIBOR + 2.75%QuarterlyDec—151.5
2.6Jul—12Freehold propertyLIBOR + 2.75%QuarterlyJul—151.9
2.5Jul—12Property, plant
and equipment
9.12%MonthlyJul—171.11.5
8.2Sept—15Freehold PropertyLIBOR + 1.5%QuarterlySept—188.2
      9.36.7
Disclosed as:
Current1.64.4
Non-current7.72.3
      9.36.7

 Calculated as the effective interest rate, the calculation of which includes an optional balloon payment at the end of the term.

In the prior year a three-year £100 million revolving credit facility was entered into with Barclays, HSBC, RBS and Santander. In the current year the Group amended and extended this unsecured RCF. The facility was increased to £210 million and extended by two years to 1 July 2019. As at 29 November 2015 the facility remains unutilised. The facility contains typical restrictions concerning dividend payments and additional debt and leases.