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Net finance income/(costs) (Tables)

6 Months Ended

Dec. 31, 2019

Net finance income/(costs)

Schedule of net finance income/(costs)


		Three months ended				Six months ended
		31 December				31 December
		2019		2018		2019		2018
		£’000		£’000		£’000		£’000
Interest payable on bank loans and overdrafts		(245)		(261)		(583)		(525)
Interest payable on secured term loan facility and senior secured notes		(4,345)		(4,859)		(9,455)		(9,390)
Interest payable on lease liabilities (note 15)		(33)		—		(68)		—
Amortization of issue costs on secured term loan facility and senior secured notes		(146)		(165)		(291)		(321)
Foreign exchange losses on retranslation of unhedged US dollar borrowings		—		(1,316)		—		(1,535)
Unwinding of discount relating to registrations		(192)		(505)		(1,169)		(1,231)
Fair value movement on derivative financial instruments:
Embedded foreign exchange derivatives		(425)		(25)		(346)		56
Total finance costs		(5,386)		(7,131)		(11,912)		(12,946)
Interest receivable on short-term bank deposits		415		785		1,070		1,474
Foreign exchange gains on retranslation of unhedged US dollar borrowings		19,522		—		17,074		—
Hedge ineffectiveness on cash flow hedges		707		—		588		—
Total finance income		20,644		785		18,732		1,474
Net finance income/(costs)		15,258		(6,346)		6,820		(11,472)