Notes to the Consolidated Financial Statements (unaudited)
14.
Net Finance Expenses
For the Three Months Ended June 30,
(millions)
2025
2024
Debt retirement funds earnings
$
- -
$
1 1
Finance income
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(1)
(2)
(18)
(17)
(2)
(2)
Borrowing costs capitalized to qualifying assets
1
1
Finance expenses
(20) (20)
(20) (19)
Net finance expenses
$
$
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.7 per cent during the period (June 30, 2024 – 3.9 per cent).
26
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