10. Other financial result

The other financial income and expenses from financial instruments are assigned to measurement categories according to 9 on the basis of the underlying transactions. Besides income and expenses from the measurement of financial instruments (except derivatives in hedging relationships in accordance with IAS 39), this also includes the measurement of foreign currency positions according to IAS 21.

€ million

2018/191

2019/20

Other financial income

174

320

thereof currency effects

(127)

(255)

thereof hedging transactions

(39)

(49)

Other financial expenses

−162

−392

thereof currency effects

(−121)

(−325)

thereof hedging transactions

(−18)

(−35)

Other financial result

12

−72

thereof from financial instruments of the measurement categories according to IFRS 9

(17)

(16)

thereof cash flow hedges:

 

 

ineffectiveness

(−1)

(−2)

1

Adjustment of previous year due to full retrospective application of IFRS 16 (Leases).

The total comprehensive income from and measurement results from hedging transactions and hedging relationships totalled €−57 million (2018/19: €28 million). In addition, the other financial result reflects €−13 million (2018/19: €−5 million) in currency effects resulting from the translation of the financial statements of foreign subsidiaries that are recognised through profit or loss in the year the subsidiary is deconsolidated or in the year business activities are discontinued. In addition, impairment losses on financial assets amounting to €−2 million (2018/19: €−2 million) were recognised in the reporting period.

IFRS (International Financial Reporting Standards)
Internationally applicable rules for financial reporting developed by the IASB. Contrary to the accounting rules under the German Commercial Code, the IFRS emphasise the informational function.
Glossary
Currency effects
Currency effects result from situations where the same amount of currency units is translated into another currency at differing exchange rates.
Glossary