EirGrid plc Annual Report 2011
EirGrid plc Annual Report 2011
EirGrid plc Annual Report 2011
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<strong>EirGrid</strong> <strong>plc</strong> <strong>Annual</strong> <strong>Report</strong> & Accounts <strong>2011</strong><br />
23. Borrowings<br />
Group<br />
Company<br />
30 Sep <strong>2011</strong> 30 Sep 2010 30 Sep <strong>2011</strong> 30 Sep 2010<br />
€ ’000 € ’000 € ’000 € ’000<br />
Repayable within one year:<br />
Bank overdrafts 166 2,811 166 2,811<br />
Bank loans repayable by instalments 13,447 13,518 8,822 8,822<br />
Total current borrowings 13,613 16,329 8,988 11,633<br />
Repayable after more than one year by<br />
instalments:<br />
Between one and two years 24,848 13,519 11,231 8,822<br />
Between two and five years 30,717 34,746 14,571 14,295<br />
In five years or more 192,096 83,104 145,861 77,524<br />
Total non-current borrowings 247,661 131,369 171,663 100,641<br />
Total borrowings outstanding 261,274 147,698 180,651 112,274<br />
All borrowings by subsidiaries are guaranteed by <strong>EirGrid</strong> <strong>plc</strong> through a cross-guarantee structure. Bank loans<br />
are unsecured loans. A proportion of the loans have been converted from floating interest rate to fixed interest<br />
rate by using interest rate swap contracts, see note 25 for further details.<br />
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