At the start of the year Fenmira's financial debt (borrowings and lease liabilities) amounted to 2,750,000. It borrowed 600,000, repaid 480,000, signed leases for 215,000, and the rise of the euro reduced its dollar debt by 38,000. What closing balance does the reconciliation show?
- Opening debt
- 2,750,000
- Borrowings received
- 600,000
- Repayments
- 480,000
- Leases signed
- 215,000
- Decrease due to exchange rates
- 38,000