Audited information
Finance income in CHF m

 

 

2016

 

2015

Interest income

 

9

 

11

thereof interest on loans, receivables and deposits

 

9

 

11

Other financial income

 

3

 

3

Total finance income

 

12

 

14

Finance costs in CHF m

 

 

2016

 

2015

Interest expense

 

–109

 

–104

thereof effect of discounting of non-current provisions

 

–4

 

–4

thereof net interest component of pension provisions

 

–19

 

–18

Other financial expenses

 

–12

 

–10

Currency result, net

 

–65

 

–96

Total finance costs

 

–186

 

–210

Other financial expenses include bank charges and miscellaneous financial expenses.

In 2016 and 2015, no foreign exchange gains pertaining to the ineffective part of hedges on net investments were recognized in the income statement.

Interest expense, other than the effect of discounting non-current provisions and the interest component of pension provisions, pertain to financial debts measured at amortized cost.

Interest costs capitalized on qualifying assets for 2016 was CHF 7 million (2015: CHF 1 million).

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