8 – Net Income from Shareholdings and Financial Result (XLSX:) XLS Net income from shareholdings (Million €) H1 2021 2020 Income from non-integral companies accounted for using the equity method 73 –941 Dividends and similar income 11 2 Income from the disposal of / write-up of shareholdings – 20 Income from other shareholdings 11 22 Expenses from loss transfer agreements –29 –26 Write-downs on / losses from the sale of shareholdings –31 –11 Expenses from other shareholdings –60 –37 Net income from shareholdings 24 –956 Net income from shareholdings improved from –€956 million in the first half of 2020 to €24 million in the first half of 2021 due mainly to the earnings contribution of Wintershall Dea GmbH, Kassel/Hamburg, Germany. Net income from shareholdings had been negatively affected in the first half of 2020 by an impairment of assets of Wintershall Dea in the amount of €819 million. Increased oil and gas prices contributed to the improvement in income in the first half of 2021. For more information, see Note 11 (XLSX:) XLS Financial result (Million €) H1 2021 2020 Interest income from cash and cash equivalents 76 74 Interest and dividend income from securities and loans 3 9 Interest income 79 83 Interest expenses –236 –293 Interest result –157 –210 Reversals of write-downs on / income from securities and loans 10 3 Net interest income from overfunded pension plans and similar obligations – − Income from the capitalization of borrowing costs 13 15 Interest income on income taxes 4 1 Miscellaneous financial income – 54 Other financial income 27 73 Write-downs on / losses from securities and loans –2 –56 Net interest expense from underfunded pension plans and similar obligations –40 –54 Net interest expense from other long-term personnel obligations – − Unwinding the discount on other noncurrent liabilities –4 –3 Interest expenses on income taxes –1 –24 Miscellaneous financial expenses –38 –8 Other financial expenses –85 –145 Other financial result –58 –72 Financial result –215 –282 The net interest expense from underfunded pension plans and similar obligations declined year on year as a result of the lower interest rate used to determine expenses for pension obligations. The decline in miscellaneous financial income was primarily due to lower gains on hedging bonds and commercial paper against interest and currency risks. back next