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84GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 201515. Borrowings (continued)These leases are paid via monthly instalments over a period of one to fve years and bear interest at rates ranging from 8% to 9.25% per annum (2014: 7% to 9.25%) and are secured against the principal held in the ANSA Secured Fund.2015 2014$ $Finance lease obligations:Balance brought forward 5,477 16,268Repayments (3,166) (10,791)Balance carried forward 2,311 5,477Amounts due within one (1) year (658) (3,528)Amount due after one (1) year 1,653 1,949The present value of the future minimum lease payments under these fnance leases are as follows:2015 2014$ $Due within one year 658 3,528Due within 2%u20135 years 1,653 1,949 2,311 5,477The future minimum lease payments under these fnance leases are as follows:2015 2014$ $Due within one year 956 3,916Due within 2%u20135 years 1,993 2,398 2,949 6,314(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)