5. INTEREST AND FINANCING COSTS
2017 2016
£’000
£’000
Loans
16,900
16,506
Defined benefit pension charge
430
100
Other interest payable and similar charges
(186)
935
Int. payable capitalised on housing properties under construction
(1,417)
(866)
15,727
16,675
Interest was capitalised at an average rate of 4.02% (2016: 4.28%).
64
Accord Housing Association