3. Net financial income (expenses)

In the first half of 2014 the net financial income balance is €4.5 million (a net financial expenses balance of €19.7 million in first half of 2013). Details on the composition of the balance are as follows:

€ million Half I 2014   Half I 2013    Change
Net interest income and other financial income         
Interest income on:
        
 - bank current accounts and deposits 8.8   5.4  3.4
 - bonds 5.7   5.1  0.6
Income (expenses) and fair value adjustments to financial assets held for trading 10.5   (0.7)  11.2
Other financial income 0.0   0.2   
Net interest income and other financial income 25.0   10.0  15.2
Interest expenses and other financial expenses         
Interest expenses and other expenses on EXOR bonds (31.7) (a) (29.2)  (2.5)
Interest expenses and other expenses on bank borrowings (1.6)   (5.0)  3.4
Interest expenses and other financial expenses (33.3)   (34.2)  0.9
Net exchange gains (losses) (0.4)   2.4  (2.8)
Financial income (expenses) generated by the financial position (8.7)   (21.8)  13.1
Income on other investments (b) 12.9 (c) 1.5  11.4
Exchange gains (loss) and sundry financial income 0.3   0.6  (0.3)
Other financial income 13.2   2.1  11.1
Financial income (expenses) recorded in the income statement 4.5   (19.7)  24.2
(a) Includes the credit risk adjustment component recognized in the income statement relating to the measurement of the Cross Currency Swap in accordance with IFRS 13, equal to a negative €0.6 million. (b) Included in other non-current financial assets. (c) Includes mainly the net gains realized on the redemption of the Perella Weinberg Funds of €7.6 million and The Black Ant Value Fund of €4.8 million (€1.2 million in the first half of 2013).
Commercial Register No.64236277 Legal notes | Credits