11. Financial Result
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
Million € |
2025 |
2024 |
|---|---|---|
Interest income from cash and cash equivalents |
306 |
337 |
Interest and dividend income from securities and loans |
32 |
32 |
Interest income |
338 |
369 |
Interest expenses |
–893 |
–922 |
Interest result |
–555 |
–553 |
|
|
|
|
|
|
Reversals of write-downs on / income from securities and loans |
28 |
18 |
Income from the capitalization of borrowing costs |
152 |
146 |
Interest income on income taxes |
13 |
72 |
Miscellaneous financial income |
42 |
29 |
Other financial income |
235 |
264 |
Write-downs on / losses from securities and loans |
–13 |
–7 |
Net interest expense from underfunded pension plans and similar obligations |
–31 |
–89 |
Unwinding the discount on other noncurrent liabilities |
–27 |
–18 |
Interest expenses on income taxes |
–31 |
–7 |
Miscellaneous financial expenses |
–79 |
–141 |
Other financial expenses |
–180 |
–262 |
Other financial result |
55 |
2 |
|
|
|
|
|
|
Financial result |
–500 |
–551 |
Interest expenses declined primarily because of lower interest expenses for financial indebtedness.
The decrease in interest income on income taxes resulted from lower reversals of provisions for interest on taxes and lower tax credits.
The higher miscellaneous financial income resulted from a financial guarantee and the valuation of an option written as part of a divestiture.
The decrease in miscellaneous financial expenses was primarily due to lower expenses for financial guarantees and lower net expenses associated with the translation of loans and the measurement of the corresponding hedging instruments against interest and currency risks.