Annual report and accounts 2023 - Flipbook - Page 182
A.G. BARR p.l.c. Annual Report and Accounts 2023
Notes to the Accounts continued
21. Loans and other borrowings continued
The movements in the Group borrowings are analysed as follows:
Group
2023
£m
Company
2022
£m
2023
£m
2022
£m
4.4
1.0
0.7
–
(0.3)
5.4
(1.3)
–
0.3
–
21.9
(0.6)
–
–
–
23.5
1.3
–
–
(2.9)
5.8
4.4
21.3
21.9
2023
£m
2022
£m
2023
£m
2022
£m
Closing borrowings balance
Short-term investments (Note 17)
Cash and cash equivalents (Note 18)
(5.8)
40.0
13.6
(4.4)
–
68.7
(21.3)
40.0
11.5
(21.9)
–
59.1
Net funds
47.8
64.3
30.2
37.2
Total facility
£m
Drawn
£m
Undrawn
£m
20.0
1.0
–
0.7
20.0
0.3
21.0
0.7
20.3
Total facility
£m
Drawn
£m
Undrawn
£m
10.0
20.0
5.1
0.2
0.1
–
–
–
0.2
0.1
10.0
20.0
5.1
–
–
35.4
0.3
35.1
Opening borrowings balance
Net lease movements
Bank overdraft utilised
Borrowings acquired/drawn-down
Repayments of borrowings
Closing borrowings balance
Reconciliation to net funds:
The facilities at 29 January 2023 were as follows:
Revolving credit facility – five years, expires February 2026
Overdraft
The facilities as at 30 January 2022 were as follows:
Revolving credit facility – three years, expires February 2022
Revolving credit facility – five years, expires February 2025
Overdraft
CBILS loan facility – six years, expires June 2026
CBILS revolving credit facility – three years, expires May 2024
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