4. Finance (Income)/Expense
| 2020 | 2019 |
| €’000 | €’000 |
| ||
Investment in Joint Venture | (237) | (289) |
Finance Income | (237) | (289) |
Interest income on scheme assets (note 21) | (13,205) | (18,978) |
Interest cost on scheme liabilities (note 21) | 11,839 | 17,984 |
Net defined benefit pension related finance income | (1,366) | (994) |
Finance income recognised in Income Statement | (1,603) | (1,283) |
Interest and finance costs on borrowings | 819 | 800 |
Interest cost on bank deposits | 29 | - |
Finance charge – leasing | 50 | 60 |
Cash flow hedge – reclassified from Other Comprehensive Income | - | 104 |
Unwind of discount on restructuring costs | 71 | 74 |
Fair value losses on derivative financial instruments not designated as cash flow hedges | 733 | 188 |
Finance expense recognised in Income Statement | 1,702 | 1,226 |