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3 Net financing
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| Per consolidated income statement £m |
Underlying financing1 £m |
Per consolidated income statement £m |
Underlying financing1 £m |
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| Financing income | ||||||||||
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| Interest receivable | 59 | 59 | 83 | 83 | ||||||
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| Fair value gains on foreign currency contracts (note 16) 2 | — | — | 215 | — | ||||||
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| Fair value gains on commodity derivatives (note 16) 2 | — | — | 36 | — | ||||||
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| Expected return on post-retirement scheme assets (note 18) | 373 | — | 384 | — | ||||||
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| 432 | 59 | 718 | 83 | |||||||
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| Financing costs | (69) | (69) | (89) | (89) | ||||||
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| Interest payable | ||||||||||
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| Fair value losses on foreign currency contracts (note 16) 2 | (2,383) | — | — | — | ||||||
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| Financial RRSPs – foreign exchange differences and changes in forecast payments (note 16) |
(121) | — | (13) | — | ||||||
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| Financial charge relating to financial RRSPs (note 16) | (26) | (26) | (26) | (26) | ||||||
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| Fair value losses on commodity derivatives (note 16) 2 | (96) | — | — | — | ||||||
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| Interest on post-retirement scheme liabilities (note 18) | (395) | — | (354) | — | ||||||
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| Net foreign exchange losses | (91) | — | (15) | — | ||||||
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| Other financing charges | (5) | (3) | — | — | ||||||
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| (3,186) | (98) | (497) | (115) | |||||||
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| Net financing | (2,754) | (39) | 221 | (32) | ||||||
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| Analysed as: | ||||||||||
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| Net interest payable | (10) | (10) | (6) | (6) | ||||||
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| Net post-retirement scheme financing | (22) | — | 30 | — | ||||||
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| Net other financing | (2,722) | (29) | 197 | (26) | ||||||
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| Net financing | (2,754) | (39) | 221 | (32) | ||||||
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| 1 See note 2 | ||||||||||
| 2 Net (loss)/gain on items held for trading | (2,479) | — | 251 | — | ||||||