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© Rolls-Royce plc 2008 Legal Information
4 Net financing
| 2007 | 2006 | |||
|---|---|---|---|---|
| £m | Underlying financing £m |
£m | Underlying financing £m |
|
| Financing income | ||||
| Interest receivable | 83 | 83 | 82 | 82 |
| Fair value gains on foreign currency contracts (note 16)1 | 215 | — | 696 | — |
| Financial RRSPs – foreign exchange differences and changes in forecast payments | — | — | 39 | — |
| Fair value gains on commodity derivatives (note 16)1 | 36 | — | 34 | — |
| Expected return on post-retirement scheme assets (note 18) | 384 | — | 343 | — |
| Other financing income | — | — | 2 | 2 |
| 718 | 83 | 1,196 | 84 | |
| Financing costs | ||||
| Interest payable | (89) | (89) | (100) | (100) |
| Financial RRSPs – foreign exchange differences and changes in forecast payments | (13) | — | — | — |
| Financial charge relating to financial RRSPs | (26) | (26) | (27) | (27) |
| Interest on post-retirement scheme liabilities (note 18) | (354) | — | (340) | — |
| Net foreign exchange losses | (15) | — | (31) | — |
| (497) | (115) | (498) | (127) | |
| Net financing | 221 | (32) | 698 | (43) |
| Analysed as: | ||||
| Net interest payable | (6) | (6) | (18) | (18) |
| Net post-retirement scheme financing | 30 | — | 3 | — |
| Net other financing | 197 | (26) | 713 | (25) |
| Net financing | 221 | (32) | 698 | (43) |
| 1 Net gain on items held for trading | 251 | — | 730 | — |