Interest payable and similar expenses
The cost of borrowed money, plus exchange losses and other financial charges.
This line brings together interest paid to banks, to bondholders and to affiliated undertakings, financial commissions and fees, exchange losses, and losses on disposal of securities.
Set against the operating result, it shows how much of what the business earns goes to its lenders. A company whose trading is profitable but whose final result is not often has its explanation here.
In the intra-group financing structures common in Luxembourg, this interest is paid to another company in the same group. The profit and loss account gives the amount; it does not name the recipient.
Where this figure comes from
Read from the “Interest payable and similar expenses” line of the filed profit and loss account (eCDF variable 627).