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4 Net interest payable
2004 £m |
2003 Restated £m |
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|---|---|---|---|
British Land Group |
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Payable on: |
Bank loans and overdrafts |
52.2 |
35.2 |
Other loans |
263.7 |
254.1 |
|
315.9 |
289.3 |
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Deduct: |
Development cost element – interest rate 4.7% (2003: 5.0%) |
(13.3) |
(8.1) |
302.6 |
281.2 |
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Receivable on: |
Deposits and securities |
(6.7) |
(11.2) |
Loans to joint ventures |
(6.6) |
(8.9) |
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Other finance (income) costs: |
Expected return on pension scheme assets |
(1.7) |
(1.9) |
Interest on pension scheme liabilities |
2.0 |
1.6 |
|
Total British Land Group |
289.6 |
260.8 |
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Share of joint ventures |
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Interest payable on shareholder loans |
6.6 |
8.9 |
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Other interest payable (net) |
40.0 |
56.4 |
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Total share of joint ventures (note 12) |
46.6 |
65.3 |
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Net interest payable |
336.2 |
326.1 |
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