| XLS |
|
|
|
| ||
|
€ million |
2012 |
2011 | ||
| ||||
|
Interest income and similar income |
35.6 |
57.8 | ||
|
Interest expenses and similar expenses |
–221.9 |
–227.2 | ||
|
Interest component from currency hedging transactions |
–19.0 |
–17.0 | ||
|
Net interest |
–205.3 |
–186.4 | ||
|
|
|
| ||
|
Interest component of the additions to pension provisions and other non-current provisions |
–60.3 |
–74.91 | ||
|
Exchange rate differences from financing activities |
11.2 |
–30.4 | ||
|
Income from financial interests |
–0.2 |
–1.6 | ||
|
|
–254.6 |
–293.31 | ||
Net interest amounting to € –205.3 million (2011: € –186.4 million) worsened in comparison with 2011 owing to lower interest income from cash investments due to the general decline in interest rates. In addition, one-time effects were incurred in 2011. Despite a negative effect from the dedesignation of a € 250.0 million interest rate swap, interest expenses declined as a result of the repayment of two bonds, each with a nominal volume of € 500.0 million, in March and December 2012.
The interest portion of the additions to pension provisions and other non-current provisions decreased due to transfers of plan assets to a Contractual Trust Arrangement in the fourth quarter of 2011 and in the fourth quarter of 2012.
back
