Full Annual Report - Inchcape

Financial statements
Notes to the accounts continued
6 Finance income
Bank and other interest receivable 4.2 16.9
Expected return on post-retirement plan assets 44.5 49.4
Other finance income 3.4 2.1
Total finance income 52.1 68.4
7 Finance costs
Interest payable on bank borrowings 5.1 11.7
Interest payable on other borrowings 1.7 3.2
Interest payable on revolving credit facility 1.6 11.3
Interest payable on Private Placement 7.8 18.2
Fair value loss / (gain) on cross currency interest rate swaps 70.8 (147.6)
Fair value adjustment on Private Placement (71.7) 144.8
Stock holding interest 9.2 21.5
Interest expense on post-retirement plan liabilities 38.9 43.1
Other finance costs 10.6 17.1
Capitalised borrowing costs (1.1) (2.9)
Total finance costs 72.9 120.4
The Group capitalisation rate used for general borrowing costs in accordance with IAS 23 was a weighted average rate for the year
of 2.9% (2008 – 6.6%).
2009
£m
2009
£m
2008
£m
2008
£m
106
Inchcape plc ¦ Annual Report and Accounts 2009