Notes 1-5
For the half year ended 30 June 2008
- 1. Basis of accounting
- 2. Accounting policies
- 3. Currency conversion
- 4. Operating costs and share of results of associates
- 5. Finance income and finance costs
5. Finance income and finance costs
Finance income includes:
| Six months ended 30 June 2008 £m |
Six months ended 30 June 2007 £m |
Year ended 31 December 2007 £m |
|
|---|---|---|---|
| Expected return on pension scheme assets |
15.0 | 14.1 | 28.1 |
| Income from available for sale investments |
5.0 | 4.0 | 9.2 |
| Interest income | 50.1 | 39.6 | 102.1 |
| 70.1 | 57.7 | 139.4 |
Finance costs include:
| Six months ended 30 June 2008 £m |
Six months ended 30 June 2007 £m |
Year ended 31 December 2007 £m |
|
|---|---|---|---|
| Interest on pension scheme liabilities | 18.5 | 17.0 | 33.8 |
| Interest on other long-term employee benefits |
0.8 | 0.2 | 1.5 |
| Interest payable and similar charges |
115.1 | 85.6 | 214.8 |
| Finance charges (excluding revaluation of financial instruments) |
134.4 | 102.8 | 250.1 |
| Revaluation of financial instruments accounted at fair value through profit or loss |
(4.3) | (0.2) | 16.0 |
| 130.1 | 102.6 | 266.1 |
The following are included in the revaluation of financial instruments accounted at fair value through profit or loss shown above:
| Six months ended 30 June 2008 £m |
Six months ended 30 June 2007 £m |
Year ended 31 December 2007 £m |
|
|---|---|---|---|
| Movements in fair value of treasury instruments | (17.2) | 0.4 | 6.7 |
| Revaluations of put options over minority interests | 12.9 | (0.6) | 9.3 |
| (4.3) | (0.2) | 16.0 |