The key effects of income from financial instruments are as follows:
€ million |
Investments |
Interest |
Fair value measurements |
Currency translations |
Disposals |
Impairments |
Other |
Net result |
|---|---|---|---|---|---|---|---|---|
Financial assets measured at amortised cost, incl. cash and cash equivalents |
0 |
7 |
0 |
−15 |
0 |
−19 |
0 |
−28 |
Financial assets at fair value through profit or loss |
12 |
0 |
54 |
0 |
0 |
0 |
1 |
68 |
Equity instruments measured outside of profit or loss |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Financial liabilities measured at amortised cost |
0 |
−53 |
−3 |
−7 |
3 |
0 |
−5 |
−65 |
|
12 |
−46 |
52 |
−21 |
3 |
−19 |
−5 |
−25 |
€ million |
Investments |
Interest |
Fair value measurements |
Currency translations |
Disposals |
Impairments |
Other |
Net result |
|---|---|---|---|---|---|---|---|---|
Financial assets measured at amortised cost, incl. cash and cash equivalents |
0 |
10 |
0 |
−332 |
0 |
−15 |
0 |
−337 |
Financial assets at fair value through profit or loss |
129 |
0 |
−17 |
0 |
0 |
0 |
0 |
113 |
Equity instruments measured outside of profit or loss |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Financial liabilities measured at amortised cost |
0 |
−37 |
−17 |
−31 |
7 |
0 |
−4 |
−83 |
|
129 |
−27 |
−34 |
−363 |
7 |
−15 |
−4 |
−307 |
The income and expenses from financial instruments are assigned to measurement categories according to IFRS 9 on the basis of the underlying transactions.
Investment income and income effects from the disposal of investments are included in the other investment result. This includes income from the valuation of a put option of €114 million in connection with the shares in WM Holding (HK) Limited. This income is offset by expenses resulting from the valuation of the corresponding shares in the same amount in other investment results. The income and expenses from interest are part of the interest result. Fair value measurements and effects from other financial expenses and currency translation are included in the other financial result. Income effects from the disposal of other financial liabilities are included in earnings before interest and taxes (EBIT). The expenses from impairments are included in the result from impairments on financial assets.
- Additional information on the risks arising from impairments can be found in no. 44 – management of financial risks.
Remaining financial income and expenses included in the other financial result primarily concern bank commissions and similar expenses that are incurred within the context of financial assets and liabilities.