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Note 15. Financing costs

Financing costs comprise the following:

Financing costs
EUR '000

 

2021

2020

Net foreign currency gains/losses from financial liabilities

(4,405)

6,391

Interest expense for bonds and private placements

(9,214)

(10,988)

Interest expense for bank loans, other interest and similar expenses

(34,418)

(15,710)1

Capitalized borrowing costs for property, plant and equipment and biological assets

26,008

8,4291

Total

(22,029)

(11,878)1

1)

Reclassification of capitalized borrowing costs, net interest from defined benefit plans and commitment fees from EBIT/EBITDA to the financial result (see note 2).

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