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NOTE 9

Financial income and costs

€ million 2010 2009
Interest income and other finance income    
Interest income on loans and receivables 13.3 10.1
Interest income on financial assets carried at fair value through profit or loss 3.5 9.1
Interest income on available-for-sale financial assets 4.9 1.9
Gains on disposal of available-for-sale financial assets 0.7 3.2
Other finance income 0.3 0.2
Total interest income and other finance income 22.7 24.4
     
Interest expense and other finance costs
Interest income on financial liabilities at amortised cost -14.3 -20.1
Losses on disposal of available-for-sale financial assets -0.1 -0.2
Other finance costs -0.9 -1.0
Total interest expense and other finance costs -15.4 -21.3
     
Exchange differences
Exchange differences and changes in the fair values of derivatives, foreign currency loans and cash at bank not qualified for hedge accounting -1.4 -19.1
Total exchange differences -1.4 -19.1
     
Total finance income and costs 6.0 -16.0

 

The interest expense include €3.6 million (€4.9 million) in interests on finance leases recognised as expenses in the period. The interest income include €2.6 million (€3.1 million) in interests on finance leases recognised as income in the period.

The realised result of the derivative interest-rate contract hedging a USD-denominated private placement loan is recognised in net terms in interest expenses with the loan interest.

Exchange differences recognised in the income statement

   
     
€ million 2010 2009
Sales 0.1 0.1
Other income 4.1 1.9
Purchases 1.5 -1.0
Other expenses -4.4 -2.1
Finance income and costs -1.4 -19.2
Total -0.2 -20.3