119 NOTEs TO THE FINANCIAL sTATEMENTs  36. FINANCIAL AND CAPITAL RIsk MANAGEMENT (CONTINUED) FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 *  For floating rate instruments, the amount disclosed is determined by reference to the interest rate at the last repricing date. ** Contractual amounts to be exchanged representing gross cash flows to be exchanged. *** Net amount for interest rate swaps for which net cash flows are exchanged.  FAIRFAX MEDIA  LIMITED  2013  As at 30 June 2013 (noMinAl CASH FloWS) 1 yeAR oR leSS $’000 1 To 2 yeARS $’000 2 To 5 yeARS $’000 MoRe THAn  5 yeARS $’000 Financial liabilities* Payables  (235,919)  –   –   –  Bank borrowings and loans  (9,101)  (133,366)  (516)  –  Notes and bonds  (276,057)  (122,009)  (108,390)  –  Finance lease liability  (9,453)  (9,848)  (2,533)  –  derivatives – inflows* Cross currency swaps – foreign leg (fixed)**  248,714   122,009   108,443   –  Cross currency swaps – foreign leg (variable)**  27,388   –   –   –  Forward foreign currency contracts  28,203   –   –   –  derivatives – outflows* Cross currency swaps – AUD leg (fixed)**  (43,221)  (6,149)  (94,560)  –  Cross currency swaps – AUD leg (variable)**  (58,491)  (125,059)  –   –  Cross currency swaps – NZD leg (variable)**  (224,510)  (892)  (26,742)  –  Interest rate swaps ***  (4,275)  (4,275)  (127,138)  –  Forward foreign currency contracts  (25,937)  –   –   –  Put option  (6,436)  –   –   –  As at 24 June 2012 (NOMINAL CASH FLOWS) 1 YEAR OR LESS $’000 1 TO 2 YEARS $’000 2 TO 5 YEARS $’000 MORE THAN  5 YEARS $’000 Financial liabilities* Payables  (282,637)  –   –   –  Bank borrowings and loans  (44,862)  (193,485)  (603,881)  –  Notes and bonds  (27,111)  (75,478)  (275,674)  (142,900) Finance lease liability  (11,323)  (9,491)  (12,428)  –  derivatives – inflows* Cross currency swaps – foreign leg (fixed)**  26,584   75,073   251,027   143,006  Cross currency swaps – foreign leg (variable)**  527   527   24,873   –  Forward foreign currency contracts  64,328   –   –   –  derivatives – outflows* Cross currency swaps – AUD leg (fixed)**  (8,911)  (8,911)  (26,734)  (119,221) Cross currency swaps – AUD leg (variable)**  (9,000)  (9,000)  (178,712)  –  Cross currency swaps – NZD leg (variable)**  (8,128)  (71,327)  (127,294)  (54,264) Interest rate swaps ***  (2,825)  (2,825)  (129,238)  –  Forward foreign currency contracts  (64,428)  –   –   –  Put option  (3,711)  (3,710)  –   – 