NOTES TO THE FINANCIAL STATEMENTS
8. NET FINANCE COSTS
2010 |
2009 |
|
Finance income |
||
Interest receivable |
6.1 |
18.8 |
Interest receivable on shareholder loans to joint ventures |
3.1 |
2.3 |
Interest receivable on service concession arrangements |
2.7 |
2.3 |
Expected return on defined benefit pension schemes' assets (note 29) |
22.5 |
22.4 |
34.4 |
45.8 |
|
2010 |
2009 |
|
Finance costs |
||
Bank borrowings and overdrafts |
(41.6) |
(48.9) |
Interest element of finance lease rentals |
(45.7) |
(54.6) |
Other finance costs |
(2.2) |
(1.5) |
Interest cost on retirement benefit obligations (note 29) |
(24.8) |
(24.0) |
Unwinding of discounts in provisions (note 31) |
(3.8) |
(4.5) |
(118.1) |
(133.5) |
|
Net gains/(losses) on derivative instruments: |
||
Ineffectiveness on derivatives designated as cash flow hedges (note 23) |
- |
0.4 |
On derivatives deemed held for trading (note 23) |
2.1 |
(4.9) |
(116.0) |
(138.0) |
|
Net finance costs |
(81.6) |
(92.2) |