9. Other financial result

The other financial income and expenses from financial instruments are assigned to measurement categories according to IAS 39 on the basis of the underlying transactions. 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.

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€ million



Other financial income



thereof currency effects



thereof hedging transactions



Other financial expenses



thereof currency effects



thereof hedging transactions



Other financial result



thereof from financial instruments of the measurement categories according to IAS 39:



Loans and receivables incl. cash and cash equivalents



held to maturity



held for trading



available for sale



other financial liabilities



thereof fair value hedges:



underlying transactions



hedging transactions



thereof cash flow hedges:






The overall result from currency effects and measurement results from hedging transactions and hedging relationships totalled €−52 million (2014/15: €−95 million). As in the previous year, this figure largely results from foreign currency financings in Eastern Europe. In addition, the other financial result reflects €−25 million (2014/15: €−2 million) in currency effects resulting from the translation of the financial statements of foreign subsidiaries that are recognised through profit or loss in the year the subsidiary is deconsolidated or in the year business activities are discontinued.

For more information about possible effects from currency risks, see no. 44 – management of financial risks.