2024 |
2023 |
|
At 1 January |
(9,451) |
(2,649) |
Received |
(977) |
(8,056) |
Amortised |
316 |
329 |
Deferred grants derecognised |
- |
925 |
At 31 December |
(10,112) |
(9,451) |
Analysed as follows:
31-Dec-24 |
31-Dec-23 |
|
Non-current |
(9,802) |
(9,101) |
Current |
(310) |
(350) |
Total |
(10,112) |
(9,451) |
These amounts relate to grant funding from the Sustainable Energy Authority of Ireland, EU Interreg Swell project and the European Investment Bank Elena project. A number of conditions relating to these grant fundings remain in progress at year end. There are no unfulfilled conditions attached to grants recognised in the income statement. In certain circumstances grants may become repayable if the conditions laid down in the grant agreements are not achieved. The Company expects such circumstances to arise in 2025 on one project, therefore the amount assessed as repayable has been charged in 2023 against the related unamortised deferred credit. There were no repayments of grants in the current or prior year.