Investment income and financing costs (Tables)

12 Months Ended

Mar. 31, 2022

Investment income and financing costs

Schedule of investment income and financing costs

	2022	2021	2020
	€m	€m	€m
Investment income
Financial assets measured at amortised cost	249	306	157
Financial assets measured at fair value through profit and loss	5	24	91
	254	330	248
Financing costs
Financial liabilities measured at amortised cost
Bonds	1,546	1,722	1,580
Lease liabilities	398	374	330
Bank loans and other liabilities1	469	463	626
Interest on derivatives	(428)	(485)	(354)
Mark-to-market on derivatives	(341)	(1,070)	1,162
Financial assets measured at fair value through profit and loss	36	–	–
Foreign exchange	284	23	205
	1,964	1,027	3,549
Net financing costs	1,710	697	3,301

Note:

1 Interest capitalised for the year ended 31 March 2022 was €17 million (2021: €17 million, 2020: €25 million)