[11] Financial income
Financial income breaks down as shown in > TABLE 063.
Financial income |
|
063 |
||
in € million |
2018 |
2017* |
||
|
||||
Interest income from leases |
43.8 |
36.8 |
||
Foreign currency exchange rate gains (financing) |
48.9 |
87.5 |
||
Other interest and similar income |
7.1 |
8.5 |
||
Total financial income |
99.9 |
132.8 |
||
The decrease in financial income in 2018 mainly resulted from lower foreign currency exchange rate gains (financing) in connection with foreign currency positions in internal financing and the related hedging transactions. These gains were offset by corresponding exchange rate losses (see note [12]).
The interest income from leases relates to the interest portion of lease payments in financial services transactions in which KION Group entities operate as lessors (finance leases).