Page 47 - NEHA Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022 €€
Loans owed to credit institutions Other loans
Deferred income
1,046,769 57,412,255 16,606,850
1,279,855 50,450,162 16,221,436
67,951,453
75,065,874
Included in Deferred income is a capital balance under the Capital Assistance Scheme (“CAS”). The Society amortises the capital balance to its income expenditure account over 50 years based on the grant agreements between the goverment and the local authorities. The amortised expense in the current year were €444,586 (2022: €416,341).New CAS funding secured in the current year were €830,000 (2022: € 1,431,911).
12. LOANS
Analysis of the maturity of loans is given below:
Amounts falling due within one year
Bank loans
Other loans
Amounts falling due 2-5 years
Bank loans
Other loans
Amounts falling due after more than 5 years
Bank loans
Other loans
2023 2022 €€
243,359 2,045,945
227,513 934,555
1,162,068
910,052 3,738,222
4,648,274
369,803 46,711,940
47,081,743 52,892,085
2,289,304
785,941 8,183,780
8,969,721
260,828 49,228,475
49,489,303
60,748,328
Annual Report 2023 45