8 Interest result
(XLS:)
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€ million |
2017 |
20161 |
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Interest income |
951 |
1,285 |
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Other interest and similar income |
839 |
915 |
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Income from valuation of interest derivatives |
113 |
370 |
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Interest expenses |
−2,317 |
−2,955 |
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Other interest and similar expenses |
−1,305 |
−1,400 |
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Expenses from valuation of interest derivatives |
−368 |
−448 |
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Interest cost included in lease payments |
−29 |
−29 |
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Interest result on other liabilities |
−13 |
−347 |
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Net interest on the net defined benefit liability |
−602 |
−731 |
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Interest result |
−1,366 |
−1,670 |
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To enhance comparability, the structure within the financial result has been changed. The presentation of finance costs has been replaced with the interest result. The new structure has led to changes in various items in the financial result. Specifically, the realized expenses from loan receivables and liabilities in foreign currency reported in the finance cost item in previous years have been reclassified to other financial result. In addition, income and expenses from the measurement and realization of interest rate risk, which were previously reported in income and expenses from fair value changes relating to hedging transactions within hedge accounting are now presented in the interest result. The prior-year figures for other financial result have been adjusted accordingly by an amount of €1.6 billion.