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Finance income and costs
12 Months Ended
Dec. 31, 2019
Analysis of income and expense [abstract]  
Finance income and costs
Finance income and costs

 
 
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
Year ended December 31, 2017
 
 
 
€m
 
€m
 
€m
Interest income
 
 
2.5

 
0.2

 
0.2

Net fair value gains on derivatives held at fair value through profit or loss
 
 

 
1.4

 
7.0

Finance income
 
 
2.5

 
1.6

 
7.2

Interest and finance charges paid/payable for lease liabilities and financial liabilities not at fair value through profit or loss (1)
 
 
(79.0
)
 
(64.4
)
 
(54.0
)
Cross-currency interest rate swaps: cash flow hedges, transfer from equity
 
 
21.8

 
14.6

 
3.9

Net pension interest costs
 
 
(3.8
)
 
(3.8
)
 
(3.6
)
Amortization of borrowing costs
 
 
(2.0
)
 
(1.5
)
 
(2.7
)
Net foreign exchange losses on translation of financial assets and liabilities
 
 
(3.9
)
 
(0.3
)
 
(3.9
)
Interest on unwinding of discounted items
 
 

 
(1.1
)
 
(1.2
)
Net fair value losses on derivatives held at fair value through profit or loss
 
 
(8.8
)
 

 

Financing costs incurred in amendment of terms of debt (2)
 
 

 
(1.1
)
 
(20.1
)
Finance costs
 
 
(75.7
)
 
(57.6
)
 
(81.6
)
Net finance costs
 
 
(73.2
)
 
(56.0
)
 
(74.4
)

(1) Following the adoption of IFRS 16 Leases on January 1, 2019, this caption includes the unwinding of discounting on lease liabilities.    
(2) A one-off charge of €20.1 million was incurred as a consequence of the refinancing in May 2017 and repricing in December 2017. Of this, deferred transaction costs of €15.7 million relating to the previous senior debt were written off.