9. Interest payable and financing costs
Group
Association
2024 £’000 26,633
2023 £’000 20,669
2024 £’000 26,633
2023 £’000 20,669
Loans and bank overdrafts Other interest payable
145
156 223
145
156 223
Net interest on net defined benefit liability
–
–
Finance lease interest
12,611
7,858
12,611
7,858
Interest payable to subsidiary undertakings
– –
– –
7
– –
Other financing costs
15,040 54,436
39,389
28,906
28,906
Other financing costs consist of a partial provision against a loan to a subsidiary entity, Anchor Lifestyle Developments Limited, no longer considered by management to be fully recoverable. Group Association 2024 £’000 2023 £’000 2024 £’000 2023 £’000
Financing cost charged through other comprehensive income: Change in fair value of hedged financial instruments
(399)
(1,545)
(399)
(1,545)
Group: 10.Tax on surplus on ordinary activities
2024 £’000
2023 £’000
Current tax UK corporation tax at 25% (2023: 19%) Deferred tax Origination and reversal of timing differences Total current tax
– – – – – –
– –
(1,240)
Adjustments to prior periods
459 (781) (781)
Total deferred tax
Total tax charge / (credit)
2024 Deferred tax £’000
2023 Deferred tax £’000
Current tax £’000
Total tax £’000
Current tax £’000
Total tax £ ‘000
Recognised in income and expenditure reserve
– –
– –
– –
– –
(781)
(781)
Total tax credit
(781) (781)
86 Anchor Hanover Group Annual Report & Financial Statements 2024
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