|
( x EUR 1,000 ) |
2008 |
2007 |
|
Interest on assets under construction |
11,854 |
9,995 |
|
Interest received on securities associated with energy exchange activities |
7,784 |
8,311 |
|
Other interest received |
8,715 |
16,587 |
|
Movement in the value of financial instruments: |
||
|
- Interest rate swaps |
-/- 1,167 |
3,129 |
|
27,186 |
38,022 |
|
|
|
|
The interest received on funds administered by the Foundation for the Management of Allocated Funds from the National High-Voltage Grid and on MEP grant funds has been added directly to the funds in question. The total amount involved was EUR 15.6 million (2007: EUR 16.2 million).
The finance expenses can be broken down as follows:
|
( x EUR 1,000 ) |
2008 |
2007 |
|
Loans and credit facilities |
14,668 |
16,734 |
|
Interest paid on deposits associated with energy exchange activities |
7,763 |
9,210 |
|
Interest paid on securities associated with energy exchange activities |
7,784 |
8,311 |
|
Other interest expenses |
5,926 |
3,104 |
|
Rente op voorzieningen |
2,946 |
2,928 |
|
39,087 |
40,287 |
|
|
|
|
The average effective rate of interest payable on long-term loans was 3.9% in 2008 (2007: 3.9%).