Annual Report 2022

Annual Report 2022

8. Financial Result

(in € million)

 

 

2021

 

2022

Interest income

 

32

 

36

Interest expense

 

–14

 

–16

Net pension result

 

–8

 

–10

Other financial result

 

–36

 

–6

 

 

–26

 

4

Interest income primarily resulted from “cash and cash equivalents”, “current securities”, and “non-current securities”. It includes interest income from financial investments recognized at amortized cost of €15 million (previous year: €16 million). The interest income from financial investments recognized at fair value through other comprehensive income amounted to €2 million (previous year: €3 million). In addition, interest income also includes income relating to tax reassessments. Interest expense includes, among other things, interest expenditure relating to tax reassessments as well as interest expenditure from lease liabilities in the amount of €1 million (previous year: €3 million). The net pension result contains expenses from unwinding the discount on the net pension obligation incurred in previous years. Other financial result includes negative effects from the change in the fair value of current securities in the fair value through profit or loss (FVPL) category, effects from movement in exchange rates, and impairment write-downs on operational investments.