Net interest and net result
The following table shows the net interest and net result from financial instruments by class/measurement category in accordance with IFRS 9:
2023 |
Interest income |
Interest expense |
Net interest |
From subsequent measurement at fair value through profit or loss |
From subsequent measurement at fair value through other comprehensive income |
Measured at fair value through other comprehensive income and reclassified to profit or loss |
From impairment/reversal of an impairment loss |
Result on disposal |
Net result (total) |
|---|---|---|---|---|---|---|---|---|---|
Financial assets measured at amortized cost |
16,270 |
0 |
16,270 |
0 |
0 |
0 |
(6,534) |
0 |
9,737 |
Financial assets measured at fair value through profit or loss |
64 |
0 |
64 |
1,628 |
0 |
0 |
(4,087) |
0 |
(2,395) |
Equity instruments measured at fair value through other comprehensive income |
203 |
0 |
203 |
0 |
(3,412) |
0 |
0 |
0 |
(3,209) |
Financial liabilities measured at amortized cost |
0 |
(124,091) |
(124,091) |
0 |
0 |
0 |
0 |
0 |
(124,091) |
Financial liabilities measured at fair value through profit or loss |
0 |
0 |
0 |
57 |
0 |
0 |
0 |
0 |
57 |
Total |
16,537 |
(124,091) |
(107,553) |
1,685 |
(3,412) |
0 |
(10,621) |
0 |
(119,902) |
2022 |
Interest income |
Interest expense |
Net interest |
From subsequent measurement at fair value through profit or loss |
From subsequent measurement at fair value through other comprehensive income |
Measured at fair value through other comprehensive income and reclassified to profit or loss |
From impairment/ |
Result on disposal |
Net result (total) |
|---|---|---|---|---|---|---|---|---|---|
Financial assets measured at amortized cost |
10,859 |
0 |
10,859 |
0 |
0 |
0 |
(2,883) |
0 |
7,976 |
Financial assets measured at fair value through profit or loss |
48 |
0 |
48 |
(775) |
0 |
0 |
(26) |
0 |
(753) |
Equity instruments measured at fair value through other comprehensive income |
140 |
0 |
140 |
0 |
(16,830) |
0 |
0 |
0 |
(16,690) |
Financial liabilities measured at amortized cost |
0 |
(68,302) |
(68,302) |
0 |
0 |
0 |
0 |
0 |
(68,302) |
Total |
11,047 |
(68,302) |
(57,255) |
(775) |
(16,830) |
0 |
(2,909) |
0 |
(77,769) |
The net result from financial instruments comprises the following: net interest (current interest income and expenses, including the amortization of premiums and discounts and dividends from companies not accounted for using the equity method), gains/losses on fair value measurement which are recognized in profit or loss or through other comprehensive income and the result of impairment losses (recognition and reversal of bad debt provisions/valuation adjustments) and on disposals. Income from equity and debt instruments measured at fair value through other comprehensive income includes gains/losses from remeasurement and from the reclassification of remeasurement gains/losses to profit or loss. Net result from financial instruments does not include exchange rate gains/losses (with the exception of financial instruments carried at fair value through profit or loss), commitment fees and gains/losses from hedging instruments (cash flow hedges).
The change in the bad debt provisions for receivables measured at amortized cost is mainly recognized under “income from non-current and current financial assets”.
The component recognized directly in equity from the subsequent measurement of equity and debt instruments measured at fair value through other comprehensive income is reported under the “reserve for financial assets measured at fair value through other comprehensive income”. The remaining components of the net result are included under “income from non-current and current financial assets” (see note 13) and in “financing costs” (see note 14).
Net foreign currency result
Net foreign currency gains/losses are included in other operating income/expenses in the amount of EUR minus 17,186 thousand (2022: EUR plus 4,922 thousand), in income from non-current and current financial assets in the amount of EUR minus 13,424 thousand (2022: EUR plus 3,567 thousand), and in financing costs in the amount of EUR plus 1,982 thousand (2022: EUR minus 3,341 thousand).