Vodafone 2002 Annual Report Download - page 90

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Vodafone Group Plc Annual Report & Accounts and Form 20-F Notes to the Consolidated Financial Statements88
Notes to the Consolidated Financial Statements continued
7. Net interest payable
2002 2001 2000
£m £m £m
Parent and subsidiary undertakings:
Interest receivable and similar income (468) (306) (55)
Interest payable and similar charges:
Bank loans and overdrafts 468 438 214
Other loans 494 707 174
Finance leases 911 –
Exceptional finance costs ––17
971 1,156 405
Group net interest payable 503 850 350
Share of joint ventures:
Interest payable and similar charges 12 23
Share of associated undertakings:
Interest receivable and similar income (23) (6) (3)
Interest payable and similar charges 353 331 51
330 325 48
Share of joint ventures and associated undertakings net interest payable 342 327 51
Net interest payable 845 1,177 401
The exceptional finance costs in the year ended 31 March 2000 were incurred in restructuring the Group’s borrowing facilities in relation to the acquisition of
Mannesmann.