7. Non-current liabilities
Non-current interest bearing loans and borrowings are specified as follows:
In € thousands | May 31, 2021 | May 31, 2020 | |
Subordinated loans Stichting Financiering Deloitte | 117,860 | 122,044 | |
Non-subordinated loans Stichting Financiering Deloitte | 458 | 0 | |
118,318 | 122,044 |
Repayment obligations falling due within one year are included in current liabilities:
In € thousands | May 31, 2021 | May 31, 2020 | |
Membership Capital | 325 | 275 | |
Subordinated loans Stichting Financiering Deloitte | 6,560 | 5,689 | |
6,885 | 5,964 |
The movements during the year of liabilities arising from finance activities are as follows:
In € thousands | Subordinated loans Stichting Financiering Deloitte | Non-subordinated loans Stichting Financiering Deloitte | Total | ||
Balance June 1, 2020 | 127,733 | 0 | 127,733 | ||
Additional borrowing | 7,125 | 458 | 7,583 | ||
Repayments | (10,438) | 0 | (10,438) | ||
Repayments in the following year | (6,560) | 0 | (6,560) | ||
Balance as of May 31, 2021 | 117,860 | 458 | 118,318 | ||
In € thousands | Subordinated loans Stichting Financiering Deloitte | Non-subordinated loans Stichting Financiering Deloitte | Total | ||
Balance June 1, 2019 | 122,038 | 0 | 122,038 | ||
Additional borrowing | 9,500 | 0 | 9,500 | ||
Repayments | (3,805) | 0 | (3,805) | ||
Repayments in the following year | (5,689) | 0 | (5,689) | ||
Balance as of May 31, 2020 | 122,044 | 0 | 122,044 |