Note 44 Long-term liabilities
Interest-bearing debt
|
€ million |
2023 |
2022 |
|
Carrying amount as at 1 January |
3,425 |
3,035 |
|
Movements |
||
|
New loans |
739 |
797 |
|
Loans repaid |
-126 |
-409 |
|
Currency translation differences |
- |
2 |
|
Total |
613 |
390 |
|
Carrying amount as at 31 December |
4,038 |
3,425 |
Long-term loans including the current portion
|
Effective interest rate |
Short-term portion |
Long-term portion |
||||
|
€ million |
2023 |
2022 |
2023 |
2022 |
2023 |
2022 |
|
Subordinated loans |
2.5% |
2.2% |
- |
- |
640 |
599 |
|
Private and green loans |
1.4% |
0.0% |
1 |
126 |
310 |
310 |
|
Euro Medium Term Notes |
1.8% |
0.0% |
400 |
- |
2,187 |
2,090 |
|
Euro Commercial Paper |
0.0% |
0.5% |
500 |
300 |
- |
- |
|
Carrying amount as at 31 December |
901 |
426 |
3,137 |
2,999 |
||
Subordinated loans
These loans have been made available by shareholders. They are subordinated to all other liabilities.
Maturities of interest-bearing debt
|
€ million |
2023 |
2022 |
|
Less than 1 year |
901 |
426 |
|
Between 1 and 2 years |
9 |
400 |
|
Between 2 and 3 years |
299 |
10 |
|
Between 3 and 4 years |
498 |
299 |
|
Between 4 and 5 years |
528 |
497 |
|
Over 5 years |
1,803 |
1,793 |
|
Carrying amount as at 31 December |
4,038 |
3,425 |