8. Net Interest Expense
| 2016 €’000 | 2015 €’000 | |
(a) Interest payable and similar charges: | ||
- Interest on borrowings wholly repayable within five years | (1,123) | (1,129) |
- Net finance costs-pension schemes (see note 31) | - | (184) |
- Derivative financial liability (see note 27) | 237 | 89 |
(886) | (1,224) |
b) Interest receivable and similar income:
- Interest receivable | 39 | 207 |
- Net finance income-pension schemes (see note 31) | 375 | - |
414 | 207 | |
| c) Net interest expense | (472) | (1,017) |
