LucyGroup-ARA2024_spreads web ready_FINAL

NOTES TO THE COMPANY ACCOUNTS CONTINUED

BUSINESS OVERVIEW STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDER INFORMATION

11. Borrowings The Company’s committed loan facilities at the year-end were £43.0m, and these were utilised as follows:

13. Dividends Information on dividends paid and declared is given in Note 9 in the Group financial statements. 14. Related parties The Company has taken advantage of the exemption given in FRS 101 to not disclose transactions with other Group companies. 15. Equity – share capital

2024 £000

Facilities

Repayable

Revolving facilities Secured £23m revolving multi-currency loan at 1.40% above SONIA Secured £20m revolving multi-currency loan at 1.50% above SONIA

11,808

31 March 2027 31 March 2028

–

2024 £000

2023 £000

Other Exchange loss on foreign currency borrowings

221 12,029

Authorised: 495,000 ordinary shares of £1 each Allotted, called-up and fully paid: 491,885 ordinary shares of £1 each

495

495

Security The two revolving loan facilities are secured against specific freehold properties valued at £53.5m in 2020.

492

492

16. Pensions Disclosure of Company pension schemes is given in Note 24 of the Group financial statements.

2024 £000

Loan drawdown and interest

The amount of loan drawdown at 31 December 2024 was £12.0m, split as follows: US dollar $6.2m loans at variable rates of interest

3,718 4,977

Thai baht THB 160m loans at variable rates of interest South African rand ZAR 78.7m loans at variable rates of interest

3,334 12,029

2024 £000

2023 £000

Maturity of borrowings

–

In more than one, but no more than two years In more than two, but no more than five years

–

12,029

13,959

–

More than five years

–

12,029

13,959

12. Derivative financial instruments

2024

2023

Asset £000

Liability £000

Asset £000

Liability £000

Designated hedge relationships: Foreign exchange contracts

– – –

87

56

– – –

505 592

Commodity contracts

153 209

128

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Lucy Group Ltd Annual Report & Accounts 2024

LUCYGROUP.COM

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129