DSM Integrated Annual Report 2020

6 Financial income and expense

 

 

2020

 

2019

 

 

 

 

 

Financial income

 

 

 

 

Interest income

 

17

 

9

Fair value change in derivatives

 

27

 

20

Unwinding of discounted receivables

 

-

 

1

Total financial income

 

44

 

30

 

 

 

 

 

Financial expense

 

 

 

 

Interest expense

 

(90)

 

(92)

Interest relating to lease liabilities

 

(6)

 

(7)

Interest relating to defined benefit plans

 

(4)

 

(7)

Capitalized interest during construction

 

6

 

3

Exchange differences

 

(4)

 

(2)

Unwinding of discounted payables

 

(4)

 

(8)

Sundry

 

(9)

 

(9)

Total financial expense

 

(111)

 

(122)

Financial income and expense

 

(67)

 

(92)

In 2020, the interest rate applied in the capitalization of interest during construction was 3% (2019: 3%).