 |
Finance costs : net
Year ended 31 December 2006
Finance costs : net comprise:
| |
|
|
Interest expense : |
|
|
|
|
|
- bank borrowings |
37 |
|
19 |
|
13 |
- eurobonds and medium-term notes |
200 |
|
102 |
|
114 |
- premium on forward foreign exchange contracts |
4 |
|
2 |
|
1 |
- other |
10 |
|
5 |
|
1 |
Total - Interest expense |
251 |
|
128 |
|
129 |
Interest and other financing income : |
|
|
|
|
|
- bank deposits |
(16) |
|
(8) |
|
(9) |
- interest rate swaps |
- |
|
- |
|
(3) |
- other |
(2) |
|
(1) |
|
(2) |
Total - Interest and other financing income |
(18) |
|
(9) |
|
(14) |
Fair value gains on derivative financial instruments not designated as hedges |
(14) |
|
(7) |
|
(6) |
Net retirement benefits financing income : |
|
|
|
|
|
- expected return on pension plan assets |
(125) |
|
(64) |
|
(57) |
- interest on retirement benefit liabilities |
92 |
|
47 |
|
48 |
Total - Net retirement benefits financing income |
(33) |
|
(17) |
|
(9) |
Finance costs : net |
186 |
|
95 |
|
100 |
Comprising : |
|
|
|
|
|
- interest and other finance income |
(157) |
|
(80) |
|
(77) |
- interest and other finance expense |
343 |
|
175 |
|
177 |
|
|
|
|
|
|
- US dollar equivalents are provided for reader convenience at the 31 December 2006 exchange rate of £1 : US$1.957.
Source : Final results 2006 news release
|