2. Net financial income (expenses)

In the first quarter of 2015 the net financial income balance is €9.4 million (compared to a net financial income balance of €7.9 million in the first quarter of 2014).

Details are as follows:

€ million QI 2015   QI 2014   Change
Net interest income and other financial income          
Interest income on:           
 - bank current accounts and deposits 1.4    4.0    (2.6)
 - bonds 3.0    2.6    0.4 
Income (expenses) and fair value adjustments to financial assets held for trading 12.2    6.0    6.2 
Other financial income 0.2    0.0    0.2 
Net interest income and other financial income 16.8    12.6    4.2 
           
Interest expenses and other financial expenses          
Interest expenses and other expenses on EXOR bonds (17.1) (a) (16.0) (a) (1.1)
Interest expenses and other expenses on bank borrowings (0.6)   (0.7)   0.1 
Interest expenses and other financial expenses (17.7)   (16.7)   (1.0)
Net exchange gains (losses) 4.5    (0.2)   4.7 
Financial income (expenses) generated by the financial position 3.6    (4.3)   7.9 
Income on other investments (b) 5.8  (c) 12.0  (c) (6.2)
Exchange gains (losses) and sundry financial income 0.0    0.2    (0.2)
Other financial income 5.8    12.2    (6.4)
Financial income (expenses) recorded in the income statement 9.4    7.9    1.5 
(a) Includes the credit risk adjustment component recorded in the income statement relating to the fair value measurement of the cross currency swap under IFRS 13, which is a negative €0.9 million (a negative €0.5 million in the first quarter of 2014). (b) Included in other non-current financial assets. (c) Includes the net gain realized on the redemptions of The Black Ant Value Fund of €6.1 million (€4.8 million in the first quarter of 2014) and the net loss on the redemption of the Perella Weinberg Funds of €0.3 million (gain of €7.2 million in the first quarter of 2014).

 

 

Commercial Register No.64236277 Note legali | Credits