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- >Note 25
1. Basic information and principles of the report
2. Changes in Group structure
3. Summary of significant accounting policies
4. Risk assessment and management
5. Management of capital
6. Marketable securities
7. Trade accounts receivable
8. Other current assets and current financial assets
9. Inventories
10. Property, plant and equipment
11. Other non-current assets and non-current financial assets
12. Goodwill and intangible assets
13. Short-term debt
14. Other current provisions and liabilities
15. Long-term debt
16. Derivative financial instruments
17. Retirement benefit plans
18. Participation plans
19. Deferred tax assets and liabilities
20. Other non-current provisions and liabilities
21. Contingencies
22. Capital stock and treasury shares
23. Earnings per share
24. Other operating expenses, net
25. Financial result, net
| 2014 | 2013 | |
|---|---|---|
| MCHF | MCHF | |
| Interest expenses | -1.7 | -1.3 |
| Amortization of deferred financing fees | -0.3 | -0.3 |
| Other financial expenses | -2.0 | -3.2 |
| Total financial expenses | -4.0 | -4.8 |
| Interest income | 2.1 | 3.4 |
| Total financial income | 2.1 | 3.4 |
| Foreign exchange loss (-) /gain | 0.2 | -4.1 |
| Total financial result, net | -1.7 | -5.5 |
“Other financial expenses” mainly includes the valuation losses from marketable securities. The interest income of marketable securities is included in “interest income”. The foreign exchange loss in 2013 resulted mainly from the valuation of receivables and liabilities in foreign currencies and was largely due to the weakening of the currencies of emerging markets in the second half of 2013.