The net interest expense on financial assets and financial liabilities is to be analysed as follows:
Financial income and financial expense
In CHF million |
2013 |
2012 restated |
||
|---|---|---|---|---|
| Interest income on financial assets | 8 | 14 | ||
| Change in fair value of interest hedging instruments | 30 | – | ||
| Capitalised borrowing costs | 15 | 14 | ||
| Adjustment to dismantlement and restoration costs. See note 28. | 21 | – | ||
| Foreign exchange gains | 5 | – | ||
| Other financial income | 2 | 1 | ||
| Total financial income | 81 | 29 | ||
| Interest expense on financial liabilities | (259) | (263) | ||
| Change in fair value of interest hedging instruments | – | (4) | ||
| Interest expense on defined benefit obligations. See note 10. | (37) | (30) | ||
| Present-value adjustments on provisions | (15) | (15) | ||
| Foreign exchange losses | – | (11) | ||
| Other financial expense | (29) | (32) | ||
| Total financial expense | (340) | (355) | ||
| Financial income and financial expense, net | (259) | (326) |
| In CHF million | 2013 | 2012 | ||
|---|---|---|---|---|
| Interest income on cash and cash equivalents | 1 | 1 | ||
| Interest income on other financial assets | 7 | 13 | ||
| Total interest income on financial assets | 8 | 14 | ||
| Interest expense on bank loans, debenture bonds and private placements | (214) | (220) | ||
| Interest expense on finance lease liabilities | (41) | (42) | ||
| Interest expense on other financial liabilities | (4) | (1) | ||
| Total interest expense on financial liabilities | (259) | (263) | ||
| Total financial income and financial expense, net | (251) | (249) |