2014 £m	2013 £m
Borrowings at amortised cost:
Bank overdrafts	2.5	1.6
The borrowings are repayable as follows:
On demand or within one year	2.5	1.6
Less: Amount due for settlement within 12 months (shown under current liabilities)	(2.5)	(1.6)
Amount due for settlement after 12 months	–	–

Analysis of borrowings by currency:

	Euro £m	US Dollar £m	Other currencies £m	Total £m
At 31 December 2014
Bank overdrafts	0.2	0.5	1.8	2.5
At 31 December 2013
Bank overdrafts	–	1.1	0.5	1.6

The weighted average interest rates paid were as follows:

	2014 %	2013 %
Bank overdrafts and loans	3.8	2.4

Loans and finance leases of £0.2m (2013: £0.3m) were arranged at fixed interest rates and expose the Group to fair value interest rate risk. The remaining borrowings are arranged at floating rates, thus exposing the Group to cash flow interest rate risk.

The directors estimate the fair value of the Group's borrowings as follows:

	2014 £m	2013 £m
Bank overdrafts	2.5	1.6

The other principal features of the Group's borrowings are as follows:

1. Bank overdrafts are repayable on demand. No overdrafts are secured.
2. At 31 December 2014 the Group's principal borrowing facility had drawings of £nil (2013: £nil) under a Revolving Credit Facility of £230m. This unsecured facility commenced on 3 July 2014 and matures on 3 July 2019. The multi currency drawings under this facility carry an interest rate of between 1.05% and 1.90% above LIBOR (the applicable margin at 31 December 2014 was 1.05%).

At 31 December 2014 the Group had available £230.0m (2013: £229.0m) of undrawn committed borrowing facilities.

All borrowings are classified as financial liabilities measured at amortised cost.