FORWARD TOGETHER Notes to the Consolidated Financial Statements 31 December 2022 166 7. FINANCE COSTS 2022 2021 US$’000 US$’000 Interest expense on bank loans 187,665 89,520 Interest expense on other borrowings 1,619 1,457 Interest expense on bonds 27,699 62,778 Interest expense on convertible bonds 5,250 5,239 Interest accretion on convertible bonds (note (i)) 10,284 9,772 Interest expense on lease liabilities 1,347 580 233,864 169,346 Less: Interest capitalised (11,449) (5,797) 222,415 163,549 Note: (i) Related to non-cash portion associated with the equity element of the convertible bonds.
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