1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
| 2007 | 2006 | ||||||||||
| Underlying1 €m | Amounts excluded from underlying €m |
Total €m |
Underlying1 as restated2 €m |
Amounts excluded from underlying €m | Total as restated €m2 | ||||||
| Finance income – continuing | |||||||||||
| Interest receivable | 5.4 | – | 5.4 | 4.3 | – | 4.3 | |||||
| Re-measurement gains on debt-related derivative financial instruments3 | – | 0.8 | 0.8 | – | 1.8 | 1.8 | |||||
| 5.4 | 0.8 | 6.2 | 4.3 | 1.8 | 6.1 | ||||||
| Finance costs – continuing | |||||||||||
| Interest payable under finance lease obligations | (17.5) | – | (17.5) | (11.7) | – | (11.7) | |||||
| Interest payable on bank loans and overdrafts4 | (55.6) | – | (55.6) | (49.0) | – | (49.0) | |||||
| Interest payable on deferred consideration | (2.6) | – | (2.6) | (2.6) | – | (2.6) | |||||
| Re-measurement losses on debt-related derivative financial instruments3 | – | (3.2) | (3.2) | – | (4.2) | (4.2) | |||||
| Economic hedge adjustment on interest payable4 | 0.6 | (0.6) | – | (1.0) | 1.0 | – | |||||
| Foreign exchange gain on net debt | – | 3.8 | 3.8 | – | 0.9 | 0.9 | |||||
| (75.1) | – | (75.1) | (64.3) | (2.3) | (66.6) | ||||||
| Net finance costs – continuing | (69.7) | 0.8 | (68.9) | (60.0) | (0.5) | (60.5) | |||||
| Discontinued operation (see Note 39) | (5.5) | – | (5.5) | (7.2) | – | (7.2) | |||||
| Net finance costs including discontinued operation | (75.2) | 0.8 | (74.4) | (67.2) | (0.5) | (67.7) |
- 1 see Basis of Preparation.
- 2 Restated following the reclassification of the discontinued operation – Greece (see Note 39).
- 3 Net re-measurement losses on debt-related derivative financial instruments of €2.4 million (2006: losses of €2.4 million) comprise realised losses of €0.5 million (2006: gains of €1.5 million) and unrealised losses of €1.9 million (2006: losses of €3.9 million).
- 4 Economic hedging arrangements have been entered into for which the Group is unable to apply hedge accounting under IAS 39. Interest payable on bank loans and overdrafts, to the extent that IAS 39 does not permit hedge accounting, reflects actual interest rates applicable to debt, regardless of any accrued cash flow paid at contracted rates within hedging derivatives.
