Note 7 - Interest expense
|
|
|
$ million |
|---|---|---|---|
|
2021 |
2020 |
2019 |
Interest incurred and similar charges |
2,086 |
2,174 |
2,406 |
Interest expense related to leases |
1,987 |
2,185 |
2,186 |
Less: interest capitalised |
(917) |
(799) |
(752) |
Other net losses on fair value and cash flow hedges of debt |
1 |
32 |
132 |
Accretion expense |
450 |
497 |
718 |
Total |
3,607 |
4,089 |
4,690 |
The rate applied in determining the amount of interest capitalised in 2021 was 4.0% (2020: 4.5%; 2019: 4.5%).
