| Year ended 31 December 2004 £m |
Year ended 31 December 2003 £m |
|
|---|---|---|
| a) Group interest payable and similar charges | ||
| Interest on: | ||
| Bank loans and overdrafts | 103 | 101 |
| Other borrowings | 12 | 22 |
| 115 | 123 | |
| Interest capitalised | (8) | (2) |
| Group interest payable and similar charges – ordinary | 107 | 121 |
| Exceptional interest (note 8) | 31 | 16 |
| Total Group interest payable and similar charges | 138 | 137 |
| b) Interest payable of joint ventures and associates | ||
| Share of interest payable of joint ventures | 12 | 10 |
| Share of interest payable of associates | 32 | 22 |
| Total interest payable of joint ventures and associates | 46 | 32 |