Financial Statements 7
16. Debtors: amounts falling due after more than one year
Group
Association
2024 £’000 11,918
2023 £’000 12,971
2024 £’000 11,918
2023 £’000 12,971
Note
Finance debtor
Amounts due from subsidiary undertakings
–
– 135,158 174,567
Deferred tax
24 27
1,964 3,445
1,965 3,643
–
–
Derivative financial instruments
3,444
3,643
Other debtors
417
526
418
526
17,744
19,105 150,938 191,707
Upon completion of properties, the development costs incurred under a PFI contract have been converted to a finance debtor in line with the Group's accounting policy. The Association has provided revolving credit facilities to two of its subsidiaries, Anchor Lifestyle Developments Limited and Anchor 2020 Limited, at an interest rate of the Bank of England base rate plus 1.0% until 31 March 2051.
17. Short term deposits and investments - Group and Association
2024 £’000
2023 £’000
Note
Money market fund investments
27
– –
119 119
95
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