16. Borrowings and Other Debt

This note provides information about the contractual terms of the Company’s interest-bearing borrowings and other debt. For more information about the Company’s exposure to interest rate risk and liquidity risk, see note 22.

Notes

31-Dec-24
€’000

31-Dec-23
€’000

Facilities from Government

(998,559)

(814,499)

Lease liabilities

(14,794)

(15,574)

Total

(1,013,353)

(830,073)

Analysed as follows:

Non-current

(1,007,685)

(826,539)

Current

(5,668)

(3,534)

Total

(1,013,353)

(830,073)

Repayable other than by instalment:

Less than one year

(5,668)

(3,534)

Between one and five years

(4,924)

(5,723)

More than five years

(1,002,761)

(820,816)

Total

(1,013,353)

(830,073)

Net debt

Notes

31-Dec-24
€’000

31-Dec-23
€’000

Total borrowings and other debt

(1,013,353)

(830,073)

Less cash and cash equivalents - available for company use

12

345,428

289,352

Less cash and cash equivalents - third party balances

13

71,408

6,322

Net debt

(596,517)

(534,399)

Changes in liabilities arising from financing activities

Notes

Facilities from
Government
€’000

Lease
liabilities
€’000

Total
€’000

At 1 January 2023

(613,499)

(31,006)

(644,505)

Proceeds

(231,000)

-

(231,000)

Repayment

30,000

-

30,000

Repayment of lease liabilities

9

-

5,247

5,247

Non-cash

-

10,185

10,185

At 31 December 2023

(814,499)

(15,574)

(830,073)

Proceeds

(644,060)

-

(644,060)

Repayment

460,000

-

460,000

Repayment of lease liabilities

9

-

4,103

4,103

Non-cash

-

(3,323)

(3,323)

At 31 December 2024

(998,559)

(14,794)

(1,013,353)