The interest result can be broken down as follows:
€ million |
2020/21 |
2021/22 |
|---|---|---|
Interest income |
30 |
32 |
thereof from leases |
(16) |
(13) |
thereof from post-employment benefits plans |
(4) |
(5) |
thereof from financial instruments of the measurement categories according to IFRS 9 |
(7) |
(10) |
Interest expenses |
−224 |
−189 |
thereof from leases |
(−152) |
(−137) |
thereof from post-employment benefits plans |
(−10) |
(−11) |
thereof from financial instruments of the measurement categories according to IFRS 9 |
(−53) |
(−37) |
Interest result |
−194 |
−157 |
Interest income and interest expenses from financial instruments are assigned to the measurement categories according to IFRS 9 on the basis of the underlying transactions.
The interest expenses included here (of the measurement categories in accordance with IFRS 9) primarily include interest expenses for issued bonds (including the Euro Commercial Paper Programme) of €21 million (2020/21: €29 million) and for liabilities to banks of €11 million (2020/21: €16 million).
The decrease in interest expenses results equally from declining interest expenses from leases and from lower interest expenses for other financial liabilities compared to the previous year.
- For more information about possible effects from currency risks, see no. 44 – management of financial risks.