- Financial Statements
Notes to the Consolidated Financial Statements
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for the year to 31 December 2007
7. Finance costs
| 2007 | 2006 | |
| £m | £m | |
| Interest on bank overdrafts and loans | 45.9 | 22.9 |
| Interest on debenture loans | 47.4 | 41.2 |
| Movement on interest rate derivatives | 5.4 | – |
| 98.7 | 64.1 | |
| Amortisation of discount on land creditors | 19.3 | 6.5 |
| Notional interest on pension liability (note 23) | 3.8 | 2.7 |
| 121.8 | 73.3 |