Note 21 Cash and cash equivalents Amounts in EUR thousand 31 Dec 2021 31 Dec 2020 Cash and bank deposits (unrestricted) 23 525 22 738 Restricted cash and bank deposits 112 277 Total cash and cash equivalents 23 637 23 016 Restricted cash relates to factoring liabilities, bank deposits in favor of the Norwegian Government Environment Agency and employee withholding tax. Note 22 Interest bearing liabilities Carrying amount Amounts in EUR thousand Interest rate Maturity date 31 Dec 2021 31 Dec 2020 Secured Senior secured floating rate bond EURIBOR 3M+6,85% 21-Jun-24 68 946 - Senior secured floating rate bond EURIBOR 3M+7,75% 05-Apr-22 - 55 598 Factoring financing/Export financing 3% p.a 12 609 9 785 Obligations under leases (IFRS 16) 2 978 3 788 Total secured interest- bearing liabilities 84 533 69 172 Unsecured Shareholder loan 1 EURIBOR 3M+6,8914% 22-Jun-24 22 717 34 733 Total unsecured interest- bearing liabilities 22 717 34 733 Total debt 107 250 103 904 Current interest bearing debt (14 117) (10 990) Total non-current interest bearing-liabilities 93 133 92 914 1 In July 2021 Interest rate was reduced from EURIBOR+8.1% to EURIBOR+6.8914% with effect from May 13, 2019. Effect of reduced interest rate amounted to 1 138 kEUR in reduced interest cost and was recognized in profit and loss in 2021. Fiven Annual Report 2021 62 Financial statements
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