Page 39 - NEHA 2020 Annual Report

Annual Report 2020 | 39
Notes to the Financial Statements
for the period ended 31 December 2020
13. 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
Other loans
2020 2019 €€
277,256 659,025 936,281
1,108,999 2,636,100 3,745,099
478,677 35,206,869 35,685,546 40,366,926
277,256 576,692 853,948
1,108,999 2,306,768 3,415,767
645,495 20,057,267 20,702,762 24,972,477
Included in other loans is amounts owing to the HFA of €25,451,178 (2019: €14,417,303) and CALF of €13,050,816 (2019: €8,523,424). Of the CALF loans, €734,559 relates to CALF claims raised during the year from two County Council’s which have been reclassified from Assets under Construction.
Housing loans provided by the Housing Finance Agency (HFA) are for 30 year loans with 10 year fixed rates. The interest rate payable on these loans is 2.5% per annum. These loans are subject to capital and interest repayments.
Concessionary CALF loans are for terms between 20 - 30 years and these are repayable at the end of the term of the loans. The CALF loans are subject to interest at 2% per annum calculated by way of simple interest. Thus the interest is calculated and payable on the CALF loans principal alone. Interest on the CALF loans accrues on an ongoing basis but is only due for payment at the end of the term of the loan.