23. Borrowings
Non-current borrowings
|
Balance sheet value |
Effective interest % |
Average term in years |
||||
|---|---|---|---|---|---|---|
|
As at 31-12-2024 |
As at 31-12-2023 |
As at 31-12-2024 |
As at 31-12-2023 |
As at 31-12-2024 |
As at 31-12-2023 |
|
|
Private placement |
162.5 |
265.0 |
2.33 |
2.72 |
4.3 |
3.4 |
|
Subordinated loan |
99.7 |
99.6 |
1.99 |
1.99 |
3.6 |
4.6 |
|
Total |
262.2 |
364.6 |
||||
|
Weighted average |
2.21 |
2.47 |
4.1 |
3.7 |
||
The weighted average term has been calculated on the basis of the remaining terms of the individual loans.
Repayments on the above amounts are due within five years (€ 180.9 million) and after five years (€ 81.3 million).
Fair value of the main long-term loans
|
Balance sheet value as at 31-12-2024 |
Fair value as at 31-12-2024 |
Balance sheet value as at 31-12-2023 |
Fair value as at 31-12-2023 |
|
|---|---|---|---|---|
|
Private placement |
162.5 |
141.5 |
265.0 |
240.5 |
|
Subordinated loan |
99.7 |
93.3 |
99.6 |
87.8 |
Current borrowings
|
Balance sheet value |
Effective interest % |
|||
|---|---|---|---|---|
|
As at 31-12-2024 |
As at 31-12-2023 |
As at 31-12-2024 |
As at 31-12-2023 |
|
|
Private placement |
119.7 |
4.17 |
||
|
Owed to credit institutions |
68.3 |
356.0 |
3.66 |
5.43 |
|
Total |
188.0 |
356.0 |
||