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Note 37. Net interest and net result from financial instruments and net foreign currency result

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:

Net interest and net result from financial instruments
EUR '000

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/reversal of an impairment loss

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)

Debt instruments measured at fair value through other comprehensive income

0

0

0

0

0

0

0

0

0

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)

Net interest and net result from financial instruments (previous year)
EUR '000

2021

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

3,955

0

3,955

0

0

0

(1,255)

(2,000)

700

Financial assets measured at fair value through profit or loss

155

0

155

(206)

0

0

(66)

1

(116)

Equity instruments measured at fair value through other comprehensive income

960

0

960

0

32,926

0

0

0

33,885

Debt instruments measured at fair value through other comprehensive income

37

0

37

0

(36)

124

0

(138)

(13)

Financial liabilities measured at amortized cost

0

(39,443)

(39,443)

0

0

0

0

0

(39,443)

Total

5,107

(39,443)

(34,336)

(206)

32,890

124

(1,321)

(2,137)

(4,987)

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” and in “financing costs”.

Net foreign currency result

Net foreign currency gains/losses are included in other operating income/expenses in the amount of EUR plus 4,922 thousand (2021: EUR plus 11,557 thousand), in income from non-current and current financial assets in the amount of EUR plus 3,567 thousand (2021: EUR plus 5,203 thousand), and in financing costs in the amount of EUR minus 3,341 thousand (2021: EUR plus 4,405 thousand).

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