Man Group plc - Annual Report 2007

Notes to the Group Financial Statements

 

6. Net finance income      
Net finance income from continuing operations comprises:      
  2007
$m
  2006
$m
Finance income:      
Interest on receivables 106   74
Finance fees 8   11
Investment income 1  
Fair value gain on interest rate swaps 1   6
  116   91
Finance expense:      
Interest payable on borrowings (19)   (28)
Amortisation of issue costs on borrowings (2)   (1)
Amortisation of discount on issue of exchangeable bonds (17)   (20)
Accretion of liabilities discounting (1)   (2)
Fair value loss on interest rate swaps (4)  
  (55)   (51)
Net finance income 61   40
       

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