FINANCE INCOME/FINANCE COSTS

12 Months Ended

Dec. 31, 2020

FINANCE INCOME/FINANCE COSTS

FINANCE INCOME/FINANCE COSTS

29    FINANCE INCOME/FINANCE COSTS

An analysis of finance income/finance costs is as follows:

	For the year ended December 31
	2018	2019	2020
	(Restated)	(Restated)
Finance income-interest income	(492,322)	(261,193)	(226,921)
Interest expense	5,202,835	4,665,537	3,986,264
Less: Interest expense capitalized in property, plant and equipment (Note 7)	(517,589)	(289,499)	(123,571)
Interest expense, net of capitalized interest	4,685,246	4,376,038	3,862,693
Interest on lease liability and amortization of unrecognized finance expenses	205,335	547,820	481,512
Exchange losses/(gains), net	(7,889)	(2,317)	76,323
Finance costs	4,882,692	4,921,541	4,420,528
Finance costs, net	4,390,370	4,660,348	4,193,607
Capitalization rate during the year (Note 7)	4.54% to 7.00%	4.00% to 6.96%	4.00% to 6.68%