5. Interest payable and similar charges
| Year ended 31 December 2003 £m |
Year ended 31 December 2002 £m |
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| a) Group interest payable and similar charges | |||
| Interest on: | |||
| Bank loans and overdrafts | 101 | 102 | |
| Other borrowings | 22 | 17 | |
| 123 | 119 | ||
| Foreign exchange losses (net) | – | 7 | |
| Interest capitalised | (2) | (5) | |
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| Group interest payable and similar charges – ordinary | 121 | 121 | |
| Exceptional interest (note 8) | 16 | – | |
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| Total Group interest payable and similar charges | 137 | 121 | |
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| b) Interest payable of joint ventures and associates | |||
| Share of interest payable of joint ventures | 10 | 12 | |
| Share of interest payable of associates | 22 | 23 | |
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| Total interest payable of joint ventures and associates | 32 | 35 | |
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