|
| 11. Interest
payable |
2004 |
|
2003 |
|
2002 |
|
| |
£m |
|
£m |
|
£m |
|
|
|
|
|
|
|
|
| Interest payable and similar charges
in respect of: |
|
|
|
|
|
|
| Bank loans and overdrafts |
87 |
|
82 |
|
184 |
|
| Interest payable on finance leases |
19 |
|
– |
|
10 |
|
| Other borrowingsabc |
1,114 |
|
1,527 |
|
1,685 |
|
|
|
|
|
|
|
|
| Group |
1,220 |
|
1,609 |
|
1,879 |
|
| Joint ventures |
19 |
|
17 |
|
60 |
|
| Associates |
– |
|
8 |
|
43 |
|
|
|
|
|
|
|
|
| Total interest payable |
1,239 |
|
1,634 |
|
1,982 |
|
|
|
|
|
|
|
|
| a |
Includes an exceptional
charge of £89 million in the year ended 31 March 2004 being the premium
on repurchasing £813 million of the group’s issued bonds. |
| b |
Includes an exceptional
charge of £293 million in the year ended 31 March 2003 on the termination
of interest rate swap agreements following the receipt of the Cegetel sale
proceeds. |
| c |
Includes an exceptional
charge of £162 million in the year ended 31 March 2002 on the novation
of interest rate swap agreements as a consequence of the property sale and
leaseback transaction with Telereal. |
|
