Credit Investor Presentation 2020/21
Finance expense: index-linked debt
Year ended
£m
Interest on index-linked debt
2021
2020
(44.2)
(50.4)
RPI adjustment to index-linked debt principal - 3 month lag¹
CPI adjustment to index-linked debt principal - 3 month lag²
(35.9)
(72.7)
(5.1)
(6.1)
RPI adjustment to index-linked debt principal - 8 month lag³
Finance expense on index-linked debt4
(12.9)
(21.4)
(98.1)
(150.6)
Interest on other debt (including fair value option debt and derivatives)
Effective net finance expense
(82.6)
(95.2)
(180.7)
(245.8)
1 Affected by movement in RPI between January 2020 and January 2021
2 Affected by movement in CPI between January 2020 and January 2021
3 Affected by movement in RPI between July 2019 and July 2020
4 Adjusted to overlay the impact of inflation swaps
United Utilities
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Credit Investor presentation
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