Financial Statements 2017 Financial Statements 2017 | Page 66

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