47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 177
Strategic Report
The movements in the Group and Company borrowings are analysed as follows:
Corporate Governance
Group
Accounts
Company
2025
£m
2024
£m
2025
£m
2024
£m
Opening borrowings balance
Net lease movements
Borrowings acquired/drawn-down
Repayments of borrowings
4.9
(0.3)
–
–
5.8
(0.2)
5.0
(5.7)
20.1
(0.3)
–
–
21.3
(1.2)
5.0
(5.0)
Closing borrowings balance
4.6
4.9
19.8
20.1
2025
£m
2024
£m
2025
£m
2024
£m
Closing borrowings balance
Short-term investments (Note 16)
Cash and cash equivalents (Note 17)
(4.6)
42.5
21.4
(4.9)
20.0
33.6
(19.8)
42.5
16.7
(20.1)
20.0
22.4
Net funds
59.3
48.7
39.4
22.3
Total facility
£m
Drawn
£m
Undrawn
£m
20.0
15.0
–
–
20.0
15.0
35.0
–
35.0
Total facility
£m
Drawn
£m
Undrawn
£m
20.0
–
20.0
20.0
–
20.0
Reconciliation to net funds:
The facilities at 25 January 2025 were as follows:
Revolving credit facility – five years, expires February 2026
Overdraft
The facilities at 28 January 2024 were as follows:
Revolving credit facility – five years, expires February 2026
175
