Notes to the Consolidated Financial Statements (unaudited)
16.
NET FINANCE EXPENSES
For the Three Months Ended June 30,
2022
(millions)
2023
$
1 1
$
- -
Debt retirement funds earnings
Finance income
(2)
(1)
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(16)
(15)
(2)
(1)
(20) (19)
(17) (17)
Finance expenses
$
Net finance expenses
$
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.8 per cent during the period (June 30, 2022 – 3.6 per cent).
28
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