Note 21 – Financial Results

21.1 Interest and Other Financial Income

million CHF

 

Notes

 

2018

 

12017

1

 Presentation of the table has changed and 2017 comparative information was adjusted accordingly for consistency purposes

 

 

 

 

 

 

 

Interest income

 

 

 

1

 

9

Fair value adjustment on Lonza’s pre-acquisition investment in Octane

 

5.1

 

32

 

0

Foreign exchange rate differences, including impact from currency related financial derivative instruments

 

 

 

52

 

0

Favorable impact from fair value adjustment on contingent purchase price consideration

 

29.6

 

0

 

7

Interest related financial derivative instruments

 

 

 

0

 

14

Total

 

 

 

85

 

30

21.2 Interest and Other Financial Expenses

million CHF

 

2018

 

12017

1

 Presentation of the table has changed and 2017 comparative information was adjusted accordingly for consistency purposes

 

 

 

 

 

Interest expenses

 

(85)

 

(74)

Amortization of debt fees and discounts

 

(7)

 

(43)

Foreign exchange rate differences, including impact from currency related financial derivative instruments

 

0

 

(39)

Interest related financial derivative instruments

 

(13)

 

0

Net losses on equity investments at fair value through profit or loss

 

(5)

 

0

Other financial expenses

 

(9)

 

(13)

Total

 

(119)

 

(169)

Interest expenses comprise interest expenses on the Group’s debt (refer to note 15), the net defined benefit liabilities (see note 24), the accounts receivable securitization program (see note 11) as well as other interest.