10. Other financial result

The other financial income and expenses from financial instruments are assigned to measurement categories according to 9 on the basis of the underlying transactions. Besides income and expenses from the measurement of financial instruments (except derivatives in hedging relationships in accordance with IAS 39), this also includes the measurement of foreign currency positions according to IAS 21.

€ million



Other financial income



thereof currency effects



thereof hedging transactions



Other financial expenses



thereof currency effects



thereof hedging transactions



Other financial result



thereof from financial instruments of the measurement categories according to IFRS 9



thereof cash flow hedges:






The total comprehensive income from and measurement results from hedging transactions and hedging relationships totalled €32 million (2019/20: €−57 million). In addition, the other financial result reflects €4 million (2019/20: €−13 million) in currency effects resulting from the translation of the financial statements of foreign subsidiaries that are recognised through profit or loss in the year the subsidiary is deconsolidated or in the year business activities are discontinued. In addition, impairment losses on financial assets amounting to €0 million (2019/20: €−2 million) were recognised in the reporting period.

IFRS (International Financial Reporting Standards)
Internationally applicable rules for financial reporting developed by the IASB. Contrary to the accounting rules under the German Commercial Code, the IFRS emphasise the informational function.
Currency effects
Currency effects arise when the same number of currency units is converted into another currency at different exchange rates.