Ardagh Glass Finance plc - Irish Stock Exchange

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
5. Other income and expenses (Continued)
Other income and expense for 2008 are detailed as follows:
• The following costs were incurred in Germany:
• A9.0 million redundancy costs associated with the closure of the Schleiden plant,
• A1.9 million redundancy costs at the Wahlstedt plant associated with a headcount reduction/
efficiency improvement programme and
• A0.7 million of start-up costs for the new furnace in Germersheim.
• A9.8 million of costs were incurred on an aborted acquisition opportunity.
• Redundancy costs of A1.7 million were incurred when the Worksop, UK plant and a furnace at
Barnsley were closed.
• Ardagh incurred expenses of A0.7 million on an abandoned disposal of a subsidiary.
• A0.5 million was incurred in the Netherlands on recruiting and training new employees for a new
furnace which is due to commence production in 2009.
• Redundancy costs of A0.3 million were incurred in Poland due to the closure of a furnace at the
Ujście plant.
• A0.3 million were incurred in non trade related legal costs in the United Kingdom.
Other income and expenses for 2007 are detailed as follows:
• A8.8 million of redundancy costs were incurred throughout the Group due to a headcount
reduction program as a result of the Rexam Glass Division integration process.
• The United Kingdom incurred A0.1 million in non trade related legal costs.
6. Finance expense and income
2008 2007
E’000 E’000
Finance expense
—8 7 ⁄8% Senior Notes due 2013 ....................................... 16,963 16,963
—7.125% Senior Notes due 2017 ...................................... 23,530 13,145
—Bank loans, overdrafts and revolving credit facilities ...................... 33,199 20,903
—Invoice discounting facilities ........................................ 2,043 2,645
—Finance leases .................................................. 2,093 2,658
—Interest cost on pension plan liabilities ................................ 14,366 11,987
—Foreign exchange losses ........................................... 10,724 1,376
Finance expense .................................................. 102,918 69,677
2008 2007
E’000 E’000
Finance income
—Short term bank deposits ........................................... 3,249 3,164
—Expected return on plan assets ...................................... 15,689 13,483
Finance income ................................................... 18,938 16,647
F-30