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Finance income (Tables)
12 Months Ended
Dec. 31, 2022
Finance income.  
Summary of finance income

    

    

2022

    

2021

    

2020

Note

£m

£m

£m

Bank interest received

 

 

5

 

1

 

2

Interest receivable on foreign exchange swaps

 

 

 

 

3

Fair value gain on hedge ineffectiveness

22

Hyperinflation accounting adjustment

 

 

22

 

3

 

Interest on net defined benefit asset

 

A10

 

 

 

1

Total finance income

 

 

49

 

4

 

6

Summary of adjusted interest

2022

2021

 AER

 AER

    

 £m

    

 £m

Finance cost

 

79

 

34

Finance income

 

(49)

 

(4)

Add back:

 

  

 

  

Amortisation of discount on legacy provisions

 

(3)

 

Gain on hedge accounting recognised in finance income/cost

 

21

 

4

Adjusted interest

 

48

 

34