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Annual and Sustainability Report 2025

Group notes

Note 9 Financial income and expenses

FINANCIAL INCOME AND EXPENSES
  2025 2024
Assets measured at amortized cost    
Interest income    
– cash and cash equivalents 188 240
– financial lease receivables 215 228
Interest income at effective interest method 403 467
     
Assets measured at fair value through profit or loss    
Capital gain – other assets 0 2
Foreign exchange gain, net 73 -
Financial income 476 470
     
Liabilities measures at amortized cost    
Interest expenses    
– borrowings -686 -811
Total interest expenses at effective interest method -686 -811
     
Liabilities measured at fair value through profit or loss    
– derivatives -303 -321
– leases liabilities -130 -121
– pension provisions, net -2 -7
– other -46 -64
Change in fair value    
– other liabilities and borrowings 1 -74
Foreign exchange loss, net - -33
Impairment gain or loss 1 15
Financial expenses -1 165 -1 416
     
Financial expenses, net -689 -946

Transactions in foreign currencies are translated at the foreign exchange rate prevailing at the date of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the balance sheet date. Non-monetary items that are measured at historical cost are not retranslated.

Interest income and interest expense are recognized in profit or loss using the effective interest rate method. Foreign exchange gain, net includes foreign exchange gains of 1 165 (471) and foreign exchange losses of -1 092 (-503). The gains and losses refer to revaluation of derivatives, interest-bearing liabilities and cash in foreign currency.

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