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164 2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
Note 12
Finance costs and other financial income and expenses
This item breaks down as follows:
(in € millions)
2014
2013
Interest income from loans and cash equivalents
35
49
Interest income from bank deposits
31
40
Interest income from loans
4
10
Finance costs
(434)
(476)
Interest expense on financial liabilities measured at amortized cost, adjusted for income and expenses
from interest rate instruments
(406)
(446)
Interest expense on finance lease liabilities
(28)
(30)
Ineffective portion of fair value hedges of borrowings
0
0
Finance costs, net
(399)
(428)
Other financial income and expenses, net
(164)
(294)
Actualisation cost on defined employee benefit debt
(45)
(39)
Interest income on pension plan assets
6
6
Financial transaction tax
(37)
(41)
Late interest due in connection with tax reassessments and employee-related litigaation
(3)
(70)
Dividends received on available-for-sale financial assets
1
1
Proceeds from the sale of available-for-sale financial assets measured at fair value through equity
48
16
Cost of sold available-for-sale financial assets measured at fair value through equity
(40)
(12)
Exchange gains and losses
1
(20)
Cost of bond buybacks
(3)
(119)
Variation valuation Cash flow hedge
(31)
0
Other
(61)
(16)
Finance costs and other financial income and expenses, net
(563)
(722)
Financial expenses
(654)
(794)
Financial income
91
72
Note 13
Income tax expense
(in € millions)
2014
2013
Income tax payable (including provisions)
(610)
(723)
Deferred taxes
(99)
92
TOTAL INCOME TAX EXPENSES
(709)
(631)