 |
Finance costs - net
Six months ended 30 June 2006
|
Six
months
ended
30 June 2006
US$m(1) |
|
Six
months
ended
30 June 2006
£m |
|
Six
months
ended
30 June 2005
£m |
|
Year ended
31 Dec. 2005
£m |
Interest expense : |
- bank borrowings |
19 |
|
10 |
|
7 |
|
13 |
- eurobonds and medium-term notes |
100 |
|
54 |
|
58 |
|
114 |
- premium on forward foreign exchange contracts |
5 |
|
3 |
|
1 |
|
1 |
- other |
- |
|
- |
|
1 |
|
1 |
total interest expense |
124 |
|
67 |
|
67 |
|
129 |
Interest and other financial income : |
- bank deposits |
(7) |
|
(4) |
|
(5) |
|
(9) |
- interest rate swaps |
(2) |
|
(1) |
|
(2) |
|
(3) |
- other |
(4) |
|
(2) |
|
(1) |
|
(2) |
total interest and other financial income |
(13) |
|
(7) |
|
(8) |
|
(14) |
Fair value gains on derivative financial instruments not designated as hedges |
(8) |
|
(4) |
|
(3) |
|
(6) |
Net retirement benefits financing income : |
- expected return on pension plan assets |
(59) |
|
(32) |
|
(29) |
|
(57) |
- interest on retirement benefit liabilities |
44 |
|
24 |
|
24 |
|
48 |
total |
(15) |
|
(8) |
|
(5) |
|
(9) |
total of interest and income |
88 |
|
48 |
|
51 |
|
100 |
Comprising : |
|
|
|
|
|
|
|
- interest and other finance income |
(80) |
|
(43) |
|
(40) |
|
(77) |
- interest and other finance expense |
168 |
|
91 |
|
91 |
|
177 |
| |
|
- US dollar equivalents are provided for reader convenience at the 30 June 2006 exchange rate of £1 : US$1.850.
Source : interim results 2006 news release
|