The other financial income and expenses from financial instruments are assigned to measurement categories according to IFRS 9 on the basis of the underlying transactions. Besides income and expenses from the measurement of financial instruments (except derivatives in hedging relationships), this also includes the measurement of foreign currency positions.
€ million |
2022/23 |
2023/24 |
|---|---|---|
Other financial income |
1,030 |
456 |
thereof currency effects |
(539) |
(118) |
thereof hedging transactions |
(56) |
(9) |
Other financial expenses |
−821 |
−551 |
thereof currency effects |
(−305) |
(−160) |
thereof hedging transactions |
(−47) |
(−10) |
Other financial result |
209 |
−96 |
thereof from financial instruments of the measurement categories according to IFRS 9 |
(278) |
(−44) |
thereof impairment losses on receivables from finance leases |
(−15) |
(−1) |
thereof cash flow hedges: |
|
|
ineffectiveness |
(−4) |
(−1) |
The total comprehensive income from currency effects and measurement results from hedging transactions and hedging relationships totalled €−43 million (2022/23: €244 million). Compared to the prior-year period – which had been impacted by non-cash positive measurement effects from intra-group rouble positions – changes in the exchange rate of the rouble did not have any significant impact in the reporting period.
The effect from the application of financial reporting in hyperinflationary economies had a negative impact on the other financial result; income of €298 million (2022/23: €400 million) was offset by expenses of €320 million (2022/23: €383 million).