25. FINANCE INCOME AND COSTS
Finance income and costs for the year ended December 31, 2017, 2016 and 2015 comprised the following:
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Year ended |
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Year ended |
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Year ended |
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Interest expense: |
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|
|
|
|
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—Loans and notes |
|
|
22,131 |
|
|
22,982 |
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|
25,154 |
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|
—Amortization of debt issuance costs |
|
|
623 |
|
|
683 |
|
|
732 |
|
|
—Finance lease obligations |
|
|
954 |
|
|
855 |
|
|
756 |
|
|
—Provisions: unwinding of discount |
|
|
91 |
|
|
94 |
|
|
77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total interest expense |
|
|
23,799 |
|
|
24,614 |
|
|
26,719 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Loss on financial instruments |
|
|
2,486 |
|
|
25 |
|
|
210 |
|
|
Other finance costs(2) |
|
|
86 |
|
|
2,885 |
|
|
378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance costs |
|
|
26,371 |
|
|
27,524 |
|
|
27,307 |
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|
|
|
|
|
|
|
|
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|
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Less: amounts capitalized on qualifying assets(1) |
|
|
(307 |
) |
|
(388 |
) |
|
(885 |
) |
|
Finance costs |
|
|
26,064 |
|
|
27,136 |
|
|
26,422 |
|
|
|
|
|
|
|
|
|
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|
|
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Finance income on loans and receivables |
|
|
|
|
|
|
|
|
|
|
|
—Interest income on bank deposits |
|
|
4,818 |
|
|
4,277 |
|
|
7,187 |
|
|
—Interest income on loans |
|
|
330 |
|
|
510 |
|
|
728 |
|
|
—Other finance income |
|
|
400 |
|
|
486 |
|
|
453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance income |
|
|
5,548 |
|
|
5,273 |
|
|
8,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net finance costs |
|
|
20,516 |
|
|
21,863 |
|
|
18,054 |
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(1) |
The annual weighted average capitalization rates of 8.2%, 8.3% and 8.3% were used to determine the amount of capitalized interest for the years ended December 31, 2017, 2016 and 2015, respectively. |
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(2) |
Including repurchase of MTS International Notes |
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