10. Net results according to measurement categories

The key effects of income from financial instruments are as follows:

2015/16

 

Invest­ments

 

Interest

 

Fair value measure­ments

 

Currency trans­lation

 

Dis­posals

 

Impair­ments

 

Other

 

Net result

€ million

 

 

 

 

 

 

 

 

Loans and receivables incl. cash and cash equivalents

 

0

 

20

 

0

 

−4

 

0

 

−26

 

0

 

−10

Held to maturity

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

Held for trading incl. derivatives in a hedging relationship according to IAS 39

 

0

 

−1

 

−14

 

0

 

0

 

0

 

−13

 

−28

Available for sale

 

−3

 

0

 

0

 

0

 

0

 

0

 

0

 

−3

Other financial liabilities

 

0

 

−147

 

0

 

−30

 

3

 

0

 

−18

 

−192

 

 

−3

 

−128

 

−14

 

−34

 

4

 

−26

 

−32

 

−234

2016/17

 

Invest­ments

 

Interest

 

Fair value measure­ments

 

Currency trans­lation

 

Dis­posals

 

Impair­ments

 

Other

 

Net result

€ million

 

Loans and receivables incl. cash and cash equivalents

 

0

 

29

 

0

 

−35

 

0

 

−27

 

−1

 

−33

Held to maturity

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0

Held for trading incl. derivatives in a hedging relationship according to IAS 39

 

0

 

0

 

−5

 

0

 

0

 

0

 

−3

 

−8

Available for sale

 

−11

 

0

 

0

 

0

 

0

 

0

 

0

 

−11

Other financial liabilities

 

0

 

−97

 

0

 

0

 

5

 

0

 

−10

 

−101

 

 

−11

 

−67

 

−5

 

−34

 

5

 

−27

 

−14

 

−153

Income and expenses from financial instruments are assigned to measurement categories according to IAS 39 on the basis of the underlying transactions.

Investment income and income effects from the disposal of investments are included in other investment income. Interest income and expenses are part of the interest result. measurements and effects from other financial expenses and currency translation are included in the other financial result. Income effects from the disposal of other financial liabilities are included in earnings before interest and taxes (). Income effects from the disposal of assets classified as available for sale are included in the other financial result to the extent that these do not concern investments. Expenses from impairments are essentially included in earnings before interest and taxes.

  • For more information about impairments, see no. 27 – impairments of capitalised financial instruments.

Remaining financial income and expenses included in the other financial result primarily concern bank commissions and similar expenses that are incurred within the context of financial assets and liabilities.

Fair value
This refers to the price that would be received to sell an asset or paid to transfer a liability as part of a normal transaction between market participants at the measurement date.
Glossary
EBIT (Earnings Before Interest and Taxes)
This key figure is used for the international comparison of companies.
Glossary