Other Financial Income and Expenses
Other Financial Income and Expenses
| in € millions | 2016 | 2015 |
|---|---|---|
| Other financial income | ||
| Financial income from put options | 5 | 15 |
| Non-operating foreign exchange gains | 5 | – |
| Minority interests in partnerships | 1 | 2 |
| Other | 3 | 5 |
| 14 | 22 | |
| Other financial expenses | ||
| Dividend entitlement on profit participation certificates | (44) | (44) |
| Net interest on defined benefit plans | (40) | (53) |
| Minority interests in partnerships | (12) | (8) |
| Non-operating foreign exchange losses | – | (1) |
| Other | (29) | (24) |
| (125) | (130) |
To better reflect the economic content, income and expenses from non-operating hedged foreign currency transactions are offset against the results from the measurement of the hedged foreign currency items and are recognized as nonoperating foreign exchange gains or losses. In the financial year 2016, losses from these non-operating foreign currency transactions of €-116 million (previous year: €-91 million) were offset by income from hedged foreign currency transactions amounting to €190 million (previous year: €129 million). Gains from these foreign currency transactions of €84 million (previous year: €186 million) were offset by expenses from hedged foreign currency transactions amounting to €-153 million (previous year: €-225 million).
My Annual Report
