13 Net financial income
|
|
2019
|
2018
|
|
CHF thousand
|
|
|
|
|
|
|
|
|
|
|
|
Financial income
|
15,085
|
9,372
|
|
Interest income
|
1,142
|
726
|
|
Dividend income
|
201
|
224
|
|
Changes in the value of securities held for trading
|
8,031
|
8,398
|
|
Reversal of impairment financial investments
|
4,481
|
-
|
|
Gain on early repayment of liabilities
|
1,193
|
-
|
|
Other financial income
|
37
|
24
|
|
|
|
|
|
Financial expenses
|
–26,758
|
–25,548
|
|
Interest expense
|
–10,804
|
–9,318
|
|
Interest accumulated on provisions
|
–775
|
–1,217
|
|
Changes in securities held for trading
|
–2,414
|
–574
|
|
Currency translation
|
–9,885
|
–8,924
|
|
Loss on premature repayment of liabilities
|
-
|
–1,595
|
|
Other financial expenses
|
–2,880
|
–3,920
|
|
|
|
|
|
Net financial result
|
–11,673
|
–16,176
|
The changes in the value of securities held for trading relate to interest rate swaps and forward exchange transactions to hedge currency and interest rate risks.
The revaluation of financial assets in 2019 comprises the reversal of the equity investment and loan to tiko Energy Solutions AG up to the acquisition costs.
In 2019 the early repayment of a loan liability continued to result in income of CHF 1,193 thousand.
In 2018 the losses on early repayment of liabilities related to the early partial re-purchase of bonds with a nominal value of CHF 18,555 thousand.
