Notes to the financial statements
6 Finance income/costs
|
2009
£m |
2008
£m |
| Bank and other interest receivable |
14.6 |
5.5 |
| Pension finance income (net) (see note 11E) |
35.4 |
58.9 |
| Finance income |
50.0 |
64.4 |
| |
|
|
| Interest on bank borrowings |
6.2 |
1.9 |
| Interest payable on syndicated bank facility |
41.0 |
30.0 |
| Interest payable on medium-term notes |
113.9 |
84.0 |
| Interest payable on finance leases |
4.9 |
3.4 |
| Fair value movements on financial instruments |
10.5 |
– |
| Unwinding of discount on partnership liability to the Marks and Spencer UK Pension Scheme |
38.0 |
27.3 |
| Finance costs |
214.5 |
146.6 |
| Net finance costs |
164.5 |
82.2 |