Financial income is comprised of the following:
|
Financial income | ||
|
€ thousand |
2011 |
2010 |
|
|
|
|
|
Interest income from leases |
24,414 |
25,528 |
|
Foreign currency exchange rate gains (financing) |
23,149 |
36,141 |
|
Return on pension plan assets |
22,732 |
23,247 |
|
Other interest and similar income |
3,369 |
3,433 |
|
Total financial income |
73,664 |
88,349 |
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 foreign currency exchange rate gains include gains on hedging transactions amounting to €22,883 thousand (2010: €36,048 thousand).
The return on pension plan assets item shows the expected return on plan assets used to fund pension obligations.
