(40) Financial income and expenses/net gains and losses from financial instruments
Financial income and expenses were as follows:
€ million |
|
2025 |
|
2024 |
|---|---|---|---|---|
Interest income and similar income |
|
93 |
|
164 |
Capital gain from disposal of debt instruments with subsequent measurement at amortized cost |
|
– |
|
3 |
Income from fair value changes from debt instruments with subsequent measurement at fair value through profit or loss |
|
8 |
|
5 |
Income from fair value changes of share-based compensation programs |
|
11 |
|
– |
Currency differences from financing activities |
|
– |
|
28 |
Other interest income |
|
– |
|
– |
Financial income |
|
111 |
|
200 |
|
|
|
|
|
Interest expense and similar expenses |
|
-386 |
|
-292 |
Expenses from fair value changes from debt instruments with subsequent measurement at fair value through profit or loss |
|
-2 |
|
-7 |
Expenses from fair value changes of share-based compensation programs |
|
-2 |
|
-11 |
Currency differences from financing activities |
|
-13 |
|
– |
Other interest expenses |
|
– |
|
– |
Financial expenses |
|
-404 |
|
-309 |
|
|
|
|
|
Financial income and expenses |
|
-293 |
|
-108 |
Interest and similar income and expenses arose as follows:
|
|
2025 |
|
2024 |
||||
|---|---|---|---|---|---|---|---|---|
€ million |
|
Interest |
|
Interest |
|
Interest |
|
Interest |
Financial instruments |
|
74 |
|
-270 |
|
120 |
|
-215 |
Financial assets |
|
|
|
|
|
|
|
|
Subsequent measurement at fair value at amortized cost |
|
35 |
|
– |
|
49 |
|
– |
Subsequent measurement at fair value through other comprehensive income |
|
– |
|
– |
|
1 |
|
– |
Subsequent measurement at fair value through profit or loss |
|
39 |
|
– |
|
69 |
|
– |
Financial debt |
|
|
|
|
|
|
|
|
Subsequent measurement at fair value at amortized cost |
|
– |
|
-270 |
|
– |
|
-215 |
Leases |
|
– |
|
-28 |
|
– |
|
-25 |
Pension provisions |
|
– |
|
-60 |
|
– |
|
-63 |
Tax items |
|
12 |
|
-59 |
|
28 |
|
-14 |
Other non-current provisions |
|
– |
|
-5 |
|
– |
|
-4 |
Other interest income/expenses and similar income and expenses |
|
6 |
|
-6 |
|
16 |
|
-9 |
Capitalized borrowing costs |
|
|
|
42 |
|
|
|
38 |
thereof: for property, plant and equipment |
|
|
|
30 |
|
|
|
26 |
thereof: for other intangible assets |
|
|
|
12 |
|
|
|
13 |
Interest income/expenses and similar income and expenses |
|
93 |
|
-386 |
|
164 |
|
-292 |
The following table shows the development of net gains and losses, currency differences, and dividend income from financial instruments (excluding items recognized in other comprehensive income) by measurement category:
|
|
|
|
|
|
|
|
Net gains and losses |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
|
|
|
Currency differences |
|
Dividends |
|
Impairment |
|
Fair value adjustments |
|
Disposal |
|
Total |
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent measurement at amortized cost |
|
2025 |
|
7 |
|
|
|
15 |
|
|
|
– |
|
15 |
|
2024 |
|
1 |
|
|
|
-8 |
|
|
|
3 |
|
-5 |
|
Subsequent measurement at fair value through other comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Instruments |
|
2025 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
thereof: investments derecognized |
|
2025 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
thereof: investments held |
|
2025 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
Debt Instruments |
|
2025 |
|
– |
|
|
|
– |
|
|
|
– |
|
– |
|
2024 |
|
– |
|
|
|
– |
|
|
|
– |
|
– |
|
Subsequent measurement at fair value through profit or loss (without derivatives) |
|
2025 |
|
-2 |
|
– |
|
|
|
40 |
|
|
|
40 |
|
2024 |
|
1 |
|
– |
|
|
|
43 |
|
|
|
43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent measurement at amortized cost |
|
2025 |
|
-21 |
|
|
|
|
|
|
|
– |
|
– |
|
2024 |
|
– |
|
|
|
|
|
|
|
– |
|
– |
|
Subsequent measurement at fair value through profit or loss (without derivatives) |
|
2025 |
|
– |
|
|
|
|
|
7 |
|
|
|
7 |
|
2024 |
|
– |
|
|
|
|
|
1 |
|
|
|
1 |
|
Derivatives without a hedging relationship (net) |
|
2023 |
|
– |
|
|
|
|
|
-85 |
|
|
|
-85 |
|
2022 |
|
– |
|
|
|
|
|
133 |
|
|
|
133 |
|
Total |
|
2025 |
|
-17 |
|
– |
|
15 |
|
-38 |
|
– |
|
-23 |
|
2024 |
|
2 |
|
1 |
|
-8 |
|
177 |
|
3 |
|
171 |
|