Page 92 - Pobl Annual Report FY25

90 Annual Report 2025
Notes to the Financial Statements
for the year ended 31 March 2025
Group Company
2025 2024
Restated 2025 2024
£’000 £’000 £’000 £’000
Finance income comprising computed interest receivable
on the financial assets arising on PFI and similar contracts 2,990 3,618 -
-
Other interest receivable 890 1,329 1 -
Interest receivable from Group companies - - 174 230
3,880 4,947 175 230
PFI and Similar Contracts
The Group has entered into PFI and similar contracts. These transactions have been accounted for in accordance
with the accounting policy set out in note 1 to these financial statements. The principal assets derived from the
transactions entered into are considered to be financial assets. The turnover arising for the financial year from
these contracts comprises the income from the services provided under the contracts (this is included in service
charges income in note 3 to the financial statements). Part of the income arising from the contracts during the year
is classified as financial income which represents the imputed interest receivable on the financial assets.
9. Interest Receivable and Similar Income
Group Company
2025 2024
Restated 2025 2024
£’000 £’000 £’000 £’000
Bank and other loan interest 33,967 32,366 596 519
Defined benefit pension scheme interest 762 667 388 360
34,729 33,033 984 879
Borrowing costs of £3,720k (2024:£3,135k) have been capitalised at a rate of 5.02% (2024: 4.8%) which is the
average rate applicable to the Group.
10. Interest Payable and Similar Charges