8  Finance Income and costs

2009

£’000

2008

£’000

Finance costs

Interest on bank loans and overdrafts

(591)

(326)

Interest due on finance leases

(45)

(41)

Net foreign exchange losses on financing activities

(319)

(338)

Unwinding of discount on contingent consideration for Groupe CS Dermatologie

–

(18)

Share based payments charge – GEM warrants issued

(86)

–

Other finance costs

(132)

(18)

Exceptional finance costs

(260)

(330)

Finance costs

(1,433)

(1,071)

Finance income

Bank interest receivable

2

22

Interest receivable on tax refund re Groupe CS Dermatologie – exceptional item

–

380

Interest receivable on trade receivables

50

45

Unwinding of discount on non-current asset

77

–

Other interest income

2

–

Finance income

131

447

Net finance expense

(1,302)

(624)

Exceptional finance costs relate to costs incurred arranging finance facilities that the Directors decided not to enter into as the terms were unfavourable.