| 2006 | 2005 | ||||
|---|---|---|---|---|---|
| £m | Underlying financing costs £m |
£m | Underlying financing costs £m |
||
| 1 In 2005, these amounts were offset against the financial charge relating to financial RRSPs. | |||||
| Interest receivable | 82 | 82 | 65 | 65 | |
| Fair value gains on foreign currency contracts (note 20) | 696 | — | — | — | |
| Financial RRSPs – foreign exchange differences and changes in forecast payments 1 | 39 | — | 30 | — | |
| Fair value gains on commodity derivatives (note 20) | 34 | — | 54 | — | |
| Expected return on post-retirement scheme assets (note 23) | 343 | — | 312 | — | |
| Net foreign exchange gains | — | — | 11 | 1 | |
| Other financing income | 2 | 2 | — | — | |
| Financing income | 1,196 | 84 | 472 | 66 | |
| Interest payable | (100) | (100) | (104) | (104) | |
| Fair value losses on foreign currency contracts (note 20) | — | — | (399) | — | |
| Financial charge relating to financial RRSPs | (27) | (27) | (43) | (43) | |
| Interest on post-retirement scheme liabilities (note 23) | (340) | — | (321) | — | |
| Net foreign exchange losses | (31) | — | — | — | |
| Other financing charges | — | — | (5) | (5) | |
| Financing costs | (498) | (127) | (872) | (152) | |
| Net financing income/(costs) | 698 | (43) | (400) | (86) | |
| Analysed as: | |||||
| Net interest payable | (18) | (18) | (39) | (39) | |
| Net post-retirement scheme financing income/(costs) | 3 | — | (9) | — | |
| Net other financing income/(costs) | 713 | (25) | (352) | (47) | |
| Net financing income/(costs) | 698 | (43) | (400) | (86) | |