Financial income breaks down as follows:
Financial income |
|
|
(€ thousand) |
2010 |
2009 |
|
|
|
Foreign currency exchange rate gains |
36,141 |
29,034 |
Interest income from leases |
25,528 |
27,608 |
Return on pension plan assets |
23,247 |
17,763 |
Other interests and similar income |
3,433 |
4,230 |
Total financial income |
88,349 |
78,635 |
The foreign currency exchange rate gains include gains on hedging transactions amounting to €36,048 thousand (2009: losses of €27,855 thousand). The gains are offset by losses arising from the translation of a foreign-currency loan for €38,219 thousand denominated in US dollars (2009: gain of €13,161 thousand) that are reported in finance expenses.
The interest income from leases relates to the interest portion of lease payments in financial services transactions in which KION Group companies operate as the lessor (finance leases).
The return on pension plan assets item shows the expected return on plan assets used to cover pension obligations.
