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Annual Report & Accounts 2015 - NOTES
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21.5 liquidity risk at 31 december 2015, the Group had cash and cash equivalents of €28.2 million (2014: €17.8 million) and current assets are broadly in line with current liabilities. Within non-current liabilities, the balances are all due to be settled within two years. at the year end the Group had entered into a loan facility arrangement for a further €380.0 million, which was drawn down after the year end. accordingly, the liquidity risk for the Group is forecast to increase in the short-term, having previously been low. 21.6 maturity analysis the following table sets out the maturities of financial liabilities: 12 months or less 1 - 2 years €000's €000's trade payables and customer balances 27,561 - interest-bearing loans - 19,821 Non-interest bearing loans 3,020 - deferred consideration 1,606 - Forward contract liability 9,877 - share option liability 9,740 2,036 Betit option liability - 736 Finance leases 691 - 52,495 22,593 21.7 fair Values the carrying amounts of the financial assets and liabilities, including deferred consideration in the statement of Financial Position at 31 december 2015 and 2014 for the Group and Company are a reasonable approximation of their fair values. all trade and other receivables and payables have a maturity of less than one year. Financial assets and financial liabilities measured at fair value in the statement of Financial Position are grouped into three levels of a fair value hierarchy. the three levels are defined based on the observability of significant inputs to the measurement, as follows: • level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities • level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly • level 3: unobservable inputs for the asset or liability. the following table shows the levels within the hierarchy of financial assets and liabilities measured at fair value on a recurring basis at 31 december 2015 and 31 december 2014: at 31 december 2015 level 1 level 2 level 3 total €000's €000's €000's €000's financial assets available for sale financial asset - - 2,585 2,585 Winunited share option asset - - 3,808 3,808 - - 6,393 6,393 financial liabilities Betit option liability - - (736) (736) Forward contract liability - (9,877) - (9,877) - (9,877) (736) (10,613) GVC HOLDINGS PLC ANNUAL REPORT 2015 81 notes to the consolidated financial statements