29. Finance Income and Costs
Audited information- Index
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in CHF m |
|
2020 |
|
2019 |
|---|---|---|---|---|
Interest income |
|
13 |
|
15 |
thereof interest on loans, receivables and deposits |
|
13 |
|
15 |
Other financial income |
|
2 |
|
8 |
Total finance income |
|
15 |
|
23 |
in CHF m |
|
2020 |
|
2019 |
|---|---|---|---|---|
Interest expense |
|
–72 |
|
–96 |
thereof effect of discounting of non-current provisions |
|
–4 |
|
–4 |
thereof net interest component of pension provisions |
|
–10 |
|
–18 |
thereof interest on lease liabilities |
|
–11 |
|
–12 |
Other financial expenses |
|
–9 |
|
–12 |
Total finance costs before currency result |
|
–81 |
|
–108 |
Currency result, net |
|
–28 |
|
–26 |
Total finance costs |
|
–109 |
|
–134 |
thereof reported under discontinued operations |
|
–8 |
|
–17 |
Total continuing operations |
|
–101 |
|
–117 |
Other financial expenses include bank charges and miscellaneous financial expenses.
In 2020 and 2019, 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 2020 were CHF 1 million (2019: CHF 1 million).