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8 Finance income and expenses

8.1 FINANCE INCOME
        2015/2016   2014/2015
        €000   €000
             
Interest on bank balances and deposits       35   81
Interest income on loans and receivables       67   64
             
        102   145
 
8.2 FINANCE EXPENSES
 
    notes   2015/2016   2014/2015
        €000   €000
             
Interest on loans granted by current and retired members       2,178   2,103
Interest on current and retired members’ current account balances       1,750   1,586
             
Total interest paid to current and retired members       3,928   3,689
Finance charges payable under finance leases       75   183
Interest on bank loans and borrowings (including
amortized cost of loans and borrowings)
     
169
 
625
Unwinding of discount on provisions and loans   17,18,19,20   1,011   1,802
Other interest and similar expense       432   341
             
        5,615   6,640