9. Other financial result

The other financial income and expenses from financial instruments are assigned to measurement categories on the basis of the underlying transactions pursuant to IAS 39. Besides income and expenses from the measurement of financial instruments according to IAS 39, this also includes the measurement of foreign currency positions according to IAS 21.

  Download XLS (24 kB)

€ million

12M 2012

9M 2012

9M 2013

Other financial income

248

208

167

thereof currency effects

(166)

(172)

(143)

thereof hedging transactions

(34)

(30)

(20)

Other financial expenses

–284

–258

–329

thereof currency effects

(–192)

(–190)

(–190)

thereof hedging transactions

(–21)

(–15)

(–24)

Other financial result

–36

–50

–162

thereof financial instruments of the IAS 39 measurement categories:

 

 

 

loans and receivables incl. cash and cash equivalents

(–19)

(–3)

(–43)

held to maturity

(0)

(0)

(0)

held for trading

(23)

(20)

(–16)

available for sale

(3)

(2)

(0)

other financial liabilities

(–46)

(–38)

(–30)

thereof fair value hedges:

 

 

 

underlying transactions

(0)

(0)

(0)

hedging transactions

(0)

(0)

(0)

thereof cash flow hedges:

 

 

 

ineffectiveness

(–5)

(–3)

(1)

The overall result from currency effects and measurement results from hedging transactions and hedging relationships totalled €–51 million (9M 2012: €–4 million; 12M 2012: €–12 million). This figure results largely from foreign currency financings in Eastern Europe. Developments in individual Eastern European currencies, in particular, resulted in a negative result in currency effects as well as hedging transactions compared to the previous year. In addition, the other financial result reflects €–66 million (9M 2012: €–21 million; 12M 2012: €–21 million) in currency effects resulting from the translation of the financial statements of foreign subsidiaries that are recognised in profit or loss in the year the subsidiary is deconsolidated.

For possible effects from currency risks, see no. 43 “Management of financial risks”.