7. Non-current liabilities
Non-current interest bearing loans and borrowings are specified as follows:
In € thousands | May 31, 2024 | May 31, 2023 | |
Subordinated loans Stichting Financiering Deloitte | 184,605 | 127,501 | |
Non-subordinated loans Stichting Financiering Deloitte | 322 | 4,451 | |
184,927 | 131,952 |
Repayment obligations falling due within one year are included in current liabilities:
In € thousands | May 31, 2024 | May 31, 2023 | |
Membership Capital | 375 | 325 | |
Subordinated loans Stichting Financiering Deloitte | 9,118 | 6,120 | |
Non-subordinated loans Stichting Financiering Deloitte | 355 | 388 | |
9,848 | 6,833 |
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, 2023 | 133,621 | 4,839 | 138,460 | ||
Additional borrowing | 60,447 | 93 | 60,540 | ||
Conversion settlement prior year to subordinated loan | 5,913 | 0 | 5,913 | ||
Conversion non-subordinated loan to subordinated loan | 3,867 | (3,867) | 0 | ||
Repayments | (10,125) | (388) | (10,513) | ||
Repayments in the following year | (9,118) | (355) | (9,473) | ||
Balance as of May 31, 2024 | 184,605 | 322 | 184,927 | ||
In € thousands | Subordinated loans Stichting Financiering Deloitte | Non-subordinated loans Stichting Financiering Deloitte | Total | ||
Balance June 1, 2022 | 125,935 | 3,356 | 129,291 | ||
Additional borrowing | 13,300 | 1,756 | 15,056 | ||
Repayments | (5,614) | (273) | (5,887) | ||
Repayments in the following year | (6,120) | (388) | (6,508) | ||
Balance as of May 31, 2023 | 127,501 | 4,451 | 131,952 |