11. Financial Result
|
2022 |
2021 |
|---|---|---|
Interest income from cash and cash equivalents |
186 |
158 |
Interest and dividend income from securities and loans |
10 |
10 |
Interest income |
196 |
168 |
Interest expenses |
–629 |
–482 |
Interest result |
–433 |
–314 |
|
|
|
Reversals of write-downs on / income from securities and loans |
6 |
16 |
Net interest income from other long-term personnel obligations |
13 |
2 |
Income from the capitalization of borrowing costs |
40 |
29 |
Interest income on income taxes |
124 |
42 |
Miscellaneous financial income |
0 |
6 |
Other financial income |
182 |
94 |
Write-downs on / losses from securities and loans |
–24 |
–5 |
Net interest expense from underfunded pension plans and similar obligations |
–81 |
–82 |
Unwinding the discount on other noncurrent liabilities |
–9 |
–9 |
Interest expenses on income taxes |
–2 |
–24 |
Miscellaneous financial expenses |
–52 |
–96 |
Other financial expenses |
–168 |
–215 |
Other financial result |
15 |
–122 |
|
|
|
Financial result |
–418 |
–436 |
Interest expenses rose primarily because of increased interest rates and the higher balance of financial indebtedness.
Net interest income from other long-term personnel obligations increased due to the rise in the discount rate.
Write-downs on / losses from securities and loans increased mainly because of losses from the fair value measurement of securities.
The decline in other financial expenses was primarily due to lower net expenses associated with the translation of bonds and the valuation of the corresponding hedging instruments against interest and currency risks.