6.14 Loans granted to joint ventures

x € 1,000

2022

2021

Loans granted to joint ventures

8,742

20,318

Other long-term lending

1,022

1,074

Balance at 31 December

9,764

21,392

An amount of €1 million (2021: €0 million) of the loans granted falls due within 1 year, €1 million between 1 and 5 years (2021: €1 million) and €7 million maturing after more than 5 years, including those with indefinite maturity (2021: €20 million). The weighted average interest rate is approximately 1.6% (2021: 2.4%). The loans are repayable and are secured by pledged assets and by cash flows from projects being carried on by the joint ventures concerned. An appraisal has been made of the expected credit losses on the loans granted. There were no material implications for the carrying amounts.

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