9.7 Finance costs
| Note | 2021 | 2020 | |
|---|---|---|---|
| Interest: | 191.7 | 225.8 | |
|
73.0 | 92.7 | |
| – on bank borrowings | 11.1.3 | 66.1 | 82.3 |
| – on non-bank borrowings | 11.1.3 | 1.1 | 1.5 |
| – on notes | 11.1.3 | 5.2 | 8.0 |
| – other | 0.6 | 0.9 | |
|
11.1.3 | 72.7 | 75.8 |
|
46.0 | 57.3 | |
| – discount on provisions for oil and natural gas extraction facilities and for site restoration, and other provisions | 10.13.1 | 41.4 | 51.7 |
| – cost of discount on employee benefit obligations | 10.12 | 3.4 | 4.4 |
| – other | 1.2 | 1.2 | |
| Exchange differences: | 70.5 | – | |
| – on bank borrowings | 11.1.3 | 66.6 | – |
| – on realised foreign-currency transactions in bank accounts | 11.1.3 | (21.7) | – |
| – on notes | 11.1.3 | 17.8 | – |
| – on cash | 11.1.3 | (2.8) | – |
| – on leases | 11.1.3 | 14.2 | – |
| – on investment commitments | 11.1.3 | (0.1) | – |
| – on trade receivables and trade payables | 11.1.3 | (0.7) | – |
| – on cash pool | 11.1.3 | (2.7) | – |
| – other | (0.1) | – | |
| Impairment losses on shares in equity-accounted joint ventures | 10.2 | 2.8 | 114.5 |
| Bank fees | 18.4 | 7.9 | |
| Provision for disputed claims | 12.1.1 | – | 17.6 |
| Tax risk provision | 4.1 | 4.2 | |
| Other | 1.2 | 0.5 | |
| Total | 288.7 | 370.5 |
The Group offsets similar transaction items in accordance with IAS 1 Presentation of Financial Statements, paragraphs 34 and 35. Material items of income and expenses charged to profit or loss are disclosed separately, as presented in the table above.