32. Events after the reporting date
On 24 March 2017 the land sale transaction completed in respect of the cash held in escrow. This was held in relation to the purchase of lands at Dublin Airport Logistics Park which was subject to appropriate zoning.
On 29 March 2017 the Company put in place a new borrowing facility with Ulster Bank DAC. This facility amounts to a €50m revolving credit facility and is for a five year term with two further one-year extension options.
There have been no further events between the Balance Sheet date and the date on which the financial statements were approved by the Board, which would require adjustment to the financial statements or any additional disclosures.
