| 6 | Finance income and expense |
| 2017 | 2016 |
2015 |
||||||||||
| Finance income | £’000 | £’000 | £’000 | |||||||||
| Interest received on bank deposits | 15 | 164 | 53 | |||||||||
| Gain on equity settled derivative financial liability | 400 | 1,173 | 1,638 | |||||||||
| Total finance income | 415 | 1,337 | 1,691 | |||||||||
The gain on the equity settled derivative financial liability in 2017 has arisen due to the reduction in the share price and the lapsing of warrants and options as it did in 2016.
| 2017 | 2016 | 2015 | ||||||||||
| Finance expense | £’000 | £’000 | £’000 | |||||||||
| Bank loans | 18 | 16 | 2 | |||||||||
| Other loans | 91 | 57 | 3 | |||||||||
| Arrangement Fees | 57 | - | - | |||||||||
| Total finance expense | 166 | 73 | 5 | |||||||||