Notes to the Consolidated Financial Statements
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. Trade accounts receivable
7. Other current assets and current financial assets
8. Inventories
9. Property, plant and equipment
10. Other non-current assets and non-current financial assets
11. Goodwill and intangible assets
12. Short-term debt
13. Other current liabilities and provisions
14. Long-term debt
15. Financial instruments
16. Retirement benefit plans
17. Participation plans
18. Deferred tax assets and liabilities
19. Other non-current liabilities and provisions
20. Contingencies
21. Capital stock and treasury shares
22. Earnings per share
23. Other operating expenses, net
24. Financial result, net
| 2019 | 2018 | |
| MCHF | MCHF | |
| Interest expenses1 | -9.8 | -10.3 |
| Amortisation of deferred financing fees | -0.7 | -1.1 |
| Other financial expenses | -2.0 | -6.3 |
| Total financial expenses | -12.5 | -17.7 |
| Interest income and other | 1.8 | 2.3 |
| Total financial income | 1.8 | 2.3 |
| Foreign exchange loss (-)/gain | -3.1 | -5.0 |
| Total financial result, net | -13.8 | -20.4 |
1 This item includes interest expenses of MCHF 2.0 on lease liabilities for 2019. |
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“Interest expenses” mainly includes the interest for the bonds. In 2018, apart from commitment and other fees, the position “Other financial expenses” mainly included the call premium of the tender offer related to the MEUR 500 bond.
