Notes to the financial statements (cont ’d) For the year ended 30 June 2012 Maturities of financial liabilities (i) The Group is required to buy back vested shares held by executives of certain subsidiaries in the event of the death of those serving executives. Hence the probability  of the total liability becoming payable in any individual financial year is very low. In addition, there are provisions that enable executives to put back their shares to  the Group, but the maximum the Group is obliged to purchase in any individual financial year is capped at a small proportion of the class of shares of the relevant  subsidiary. No contractual obligation exists in respect of these put options until a notice is received from an executive. Due to the resignation of an executive the  Group has commenced the process to buy back 154 shares in Perennial Real Estate Investments Pty Ltd. At the date of signing this report, the transaction process has  commenced but has not been settled. page 76 Consolidated 2012 <3 months 3 to 12  months 12 months  or more No stated  maturity Total  contractual  cash flows Carrying  amount $’000 $’000 $’000 $’000 $’000 $’000 Payables 61,913  - 2  - 61,915  61,915  Borrowings 12,546  362  43,883  - 56,791  56,791  Contingent consideration 519  398  691  - 1,608  1,525  Share buy-back liabilities (i) - - - 27, 8 4 6 27, 8 4 6 27, 8 4 6 74,978  760  44,576  27,846  148,160  148,077  Assets available to meet the above  financial liabilities Cash and cash equivalents 113,344  - - - 113,344  113,344  Receivables 59,503  - 6,002  - 65,505  65,505  Other financial assets 434  12,554  10,148  7, 381 30,517  30,517  173,281  12,554  16,150  7,381  209,366  209,366  Consolidated 2011 <3 months 3 to 12  months 12 months  or more No stated  maturity Total  contractual  cash flows Carrying  amount $’000 $’000 $’000 $’000 $’000 $’000 Payables 50,637  - 27  - 50,664  50,664  Borrowings 6  13  19  - 38  38  Share buy-back liabilities (i) - - - 43,112 43,112 43,112 50,643  13  46  43,112  93,814  93,814  Assets available to meet the above  financial liabilities Cash and cash equivalents 152,999  - - - 152,999  152,999  Receivables 68,540  - 4,528  - 73,068  73,068  Other financial assets 6,806  36,034  10,008  7,725  60,573  60,573  228,345  36,034  14,536  7,725  286,640  286,640  The tables below analyse the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the  balance date to the contractual maturity date. The amounts disclosed therein are the contractual undiscounted cash flows.