Integrated Annual Report 2024

6 Finance income and expense

Financial income and expense

 

 

2024

 

2023

Finance income

 

 

 

 

Interest income

 

70

 

95

Fair value change in derivatives

 

15

 

28

Sundry

 

6

 

10

Total finance income

 

91

 

133

 

 

 

 

 

Finance expense

 

 

 

 

Interest expense

 

(153)

 

(134)

Interest relating to lease liabilities

 

(15)

 

(8)

Interest relating to defined benefit plans

 

(9)

 

(8)

Fair value change in derivatives

 

 

(33)

Capitalized interest during construction

 

6

 

4

Exchange differences

 

(34)

 

(73)

Unwinding of discounted payables

 

(5)

 

(22)

Sundry

 

(15)

 

(9)

Total finance expense

 

(225)

 

(283)

Total finance income and expense

 

(134)

 

(150)

In 2024, the interest rate applied in the capitalization of interest during construction was 2.5% (same as in 2023).

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