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Net finance costs (Tables)
 12 Months Ended
Jun. 30, 2020
Net finance costs  
Schedule of net finance income costs

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

 

    

£’000

    

£’000

    

£’000

Interest payable on bank loans and overdrafts

 

(1,038)

 

(1,162)

 

(1,458)

Interest payable on secured term loan facility, senior secured notes and revolving facility

 

(19,485)

 

(18,351)

 

(17,567)

Interest payable on lease liabilities (note 14)

 

(131)

 

 —

 

 —

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

 

(579)

 

(647)

 

(627)

Foreign exchange losses on retranslation of unhedged US dollar borrowings

 

(4,436)

 

(2,650)

 

 —

Unwinding of discount relating to registrations

 

(1,508)

 

(2,280)

 

(3,492)

Hedge ineffectiveness on cash flow hedges

 

(119)

 

 —

 

 —

Fair value movements on derivative financial instruments:

 

 

 

 

 

 

Embedded foreign exchange derivatives

 

(95)

 

(380)

 

(1,089)

Total finance costs

 

(27,391)

 

(25,470)

 

(24,233)

Interest receivable on short-term bank deposits

 

1,352

 

2,822

 

1,243

Foreign exchange gains on retranslation of unhedged US dollar borrowings

 

 —

 

 —

 

4,952

Hedge ineffectiveness on cash flow hedges

 

 —

 

139

 

 —

Total finance income

 

1,352

 

2,961

 

6,195

Net finance costs

 

(26,039)

 

(22,509)

 

(18,038)