12 Financial income and expense

Financial expense of €79 million (2018: net €76 million) mainly consists of the interest costs on bonds issued and the counterpart of the net investment hedge. See also Note 19 and Note 23 to the 'Consolidated financial statements'.

Notes

  1. Summary of the accounting policies
  2. Intangible assets
  3. Property, plant and equipment
  4. Financial assets
  5. Deferred tax assets
  6. Receivables
  7. Shareholders' equity
  1. Borrowings
  2. Other current liabilities
  3. Contingent liabilities
  4. Personnel
  5. Financial income and expense
  6. Remuneration of Managing Board and Supervisory Board