27 November
2016
£m
29 November
2015
£m
Obligations under finance leases due:
Within one year29.826.5
Between one and two years25.823.8
Between two and five years66.462.1
After five years34.851.1
Total obligations under finance leases156.8163.5

External obligations under finance leases are £48.1 million (2015: £44.0 million) excluding £108.7 million (2015: £119.5 million) payable to MHE JVCo, a joint venture company.

27 November
2016
£m
29 November
2015
£m
Minimum lease payments due:
Within one year38.434.8
Between one and two years31.730.3
Between two and five years76.975.0
After five years36.855.3
183.8195.4
Less: future finance charges(27.0)(31.9)
Present value of finance lease liabilities156.8163.5
Disclosed as:
Current29.826.5
Non-current127.0137.0
156.8163.5

The existing finance lease arrangements entered into by the Group contain no restrictions concerning dividends, additional debt and further leasing. Furthermore, no material leasing arrangements exist relating to contingent rent payable, renewal or purchase options and escalation clauses.

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