27. Finance Income and Costs

Audited information
Finance income

in CHF m

 

2017

 

2016

Interest income

 

12

 

9

thereof interest on loans, receivables and deposits

 

12

 

9

Other financial income

 

23

 

3

Total finance income

 

35

 

12

Finance costs

in CHF m

 

2017

 

2016

Interest expense

 

–93

 

–109

thereof effect of discounting of non-current provisions

 

–5

 

–4

thereof net interest component of pension provisions

 

–17

 

–19

Other financial expenses

 

–7

 

–12

Total finance costs before currency result

 

–100

 

–121

Currency result, net

 

6

 

–65

Total finance costs

 

–94

 

–186

Other financial expenses include bank charges and miscellaneous financial expenses.

In 2017 and 2016, 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 2017 was CHF 4 million (2016: CHF 7 million).

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