|
x € 1 million |
2025 |
2024 |
|
Loans granted to joint ventures |
35.9 |
32.2 |
|
Deposits |
52.5 |
28.6 |
|
Other long-term lending |
3.4 |
3.9 |
|
Balance at 31 December |
91.8 |
64.7 |
None of the loans granted to joint ventures has a maturity of less than one year (2024: nil), € 25 million has a maturity of 1 to 5 years (2024: € 1 million) and € 11 million has a maturity of 5 years or longer, including loans with an indefinite term (2024: € 31 million). The weighted average interest rate is approximately 4.1% (2024: 4.7%). These loans are repayable and are secured, among other things, by pledged assets and by cash flows from projects carried out by the relevant joint ventures. The loans granted have been assessed for expected credit losses, which had no material impact on their measurement.
The guarantee deposits relate to advance payments for the purchase of development positions. These provide only a right to purchase land in the future and constitute a (conditional) advance payment, but do not (yet) result in ownership of land positions.