Note 9 - Interest expense
|
|
|
$ million |
|---|---|---|---|
|
2023 |
2022 |
2021 |
Interest incurred and similar charges |
2,669 |
1,971 |
2,086 |
Interest expense related to leases |
1,772 |
1,724 |
1,987 |
Less: interest capitalised |
(532) |
(950) |
(917) |
Other net losses/(gains) on fair value and cash flow hedges of debt |
45 |
(71) |
1 |
Accretion expense |
719 |
507 |
450 |
Total |
4,673 |
3,181 |
3,607 |
The rate applied in determining the amount of interest capitalised in 2023 was 4.0% (2022: 4.0%; 2021: 4.0%).
