Financial statements
Notes to the financial statements
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10 Net interest payable
| 2007 £m |
2006 £m |
|
|---|---|---|
| Treasury interest receivable | ||
| Interest on bank deposits | 87 | 55 |
| Finance income on pension plan | 4 | 2 |
| 91 | 57 | |
| Interest payable | ||
| Interest on loans and borrowings | (84) | (58) |
| Interest on Convertible Bonds | (6) | (5) |
| Amortisation of Convertible Bonds | (7) | (8) |
| Interest on subordinated borrowings | (3) | (3) |
| (100) | (74) | |
| Net interest payable | (9) | (17) |