4. Finance (Income)/Expense
| 2021 | 2020 |
| €’000 | €’000 |
| ||
Fair value gains on derivative financial instruments not designated as cash flow hedges | (686) | - |
Investment in Joint Venture | (537) | (237) |
Finance Income | (1,223) | (237) |
Interest income on scheme assets (note 19) | (10,054) | (13,205) |
Interest cost on scheme liabilities (note 19) | 8,657 | 11,839 |
Net defined benefit pension related finance income | (1,397) | (1,366) |
Finance income recognised in Income Statement | (2,620) | (1,603) |
Interest and finance costs on borrowings | 867 | 819 |
Interest cost on bank deposits | 400 | 29 |
Finance charge – leasing | 79 | 50 |
Unwind of discount on restructuring costs | 55 | 71 |
Fair value losses on derivative financial instruments not designated as cash flow hedges | - | 733 |
Finance expense recognised in Income Statement | 1,401 | 1,702 |