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Net finance costs (Tables)
 12 Months Ended
Jun. 30, 2019
Net finance costs  
Schedule of net finance costs

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

 

    

£’000

    

£’000

    

£’000

Interest payable on bank loans and overdrafts

 

(1,162)

 

(1,458)

 

(1,502)

Interest payable on secured term loan facility and senior secured notes

 

(18,351)

 

(17,567)

 

(18,784)

Amortization of issue costs on secured term loan facility and senior secured notes

 

(647)

 

(627)

 

(608)

Foreign exchange (losses)/gains on retranslation of unhedged US dollar borrowings

 

(2,650)

 

 —

 

1,816

Unwinding of discount relating to registrations

 

(2,280)

 

(3,492)

 

(2,401)

Fair value movements on derivative financial instruments:

 

 

 

 

 

  

Embedded foreign exchange derivatives

 

(380)

 

(1,089)

 

(3,534)

Total finance costs

 

(25,470)

 

(24,233)

 

(25,013)

Interest receivable on short-term bank deposits

 

2,822

 

1,243

 

736

Foreign exchange gains on retranslation of unhedged US dollar borrowings

 

 —

 

4,952

 

 —

Hedge ineffectiveness on cash flow hedges

 

139

 

 —

 

 —

Total finance income

 

2,961

 

6,195

 

736

Net finance costs

 

(22,509)

 

(18,038)

 

(24,277)