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Notes to the financial statements



8.
Interest payable
      2005
£m
    2004
£m
    2003
£m
 

 
Interest payable and similar charges in respect of:
                   
Bank loans and overdrafts
    71     87     82  
Interest payable on finance leases
    58     19      
Other borrowingsab
    914     1,114     1,527  

 
Group
    1,043     1,220     1,609  
Joint ventures
    23     19     17  
Associates
            8  

 
Total interest payable
    1,066     1,239     1,634  

 
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.
 

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