241
24. FINANCE COSTS
25. FINANCE INCOME
These are detailed as follows:
This is detailed as follows:
(in millions of Euro)
2012
2011
Interest on syndicated loans
29
34
Interest on bond
21
21
Amortisation of bank and financial fees and other expenses
10
11
Interest costs on employee benefits
10
9
Other bank interest
33
22
Costs for undrawn credit lines
3
3
Sundry bank fees
11
9
Non-recurring other finance costs
5
-
Other
21
18
Finance costs
143
127
Net losses on forward currency contracts
-
-
Net losses on interest rate swaps
-
-
Losses on derivatives
-
-
Foreign currency exchange losses
247
233
Non-recurring other foreign currency exchange losses
3
-
Total finance costs
393
360
(in millions of Euro)
2012
2011
Interest income from banks and other financial institutions
17
11
Other finance income
2
2
Non-recurring other finance income
3
-
Finance income
22
13
Net gains on interest rate swaps
-
-
Net gains on forward currency contracts
18
7
Gains on derivatives
18
7
Foreign currency exchange gains
218
211
Total finance income
258
231
