Note 17 – Income from financial items

Group Parent Company
SEK m 2018 2017 2018 2017
Financial income
Interest income, external investments 1 0 0
Interest income, Group companies 24 22
Total financial income 1 0 24 22
Financial expenses
Interest expenses, external loans -11 -6 -10 -6
Interest expenses, pensions -5 -5 -5 -5
Interest expenses, Group companies 0
Interest expenses, interest rate swaps -4 -3 -4 -3
Change in fair value, currency forwards 2 2 2 2
Other financial expenses -6 -4 -4 -3
Total financial expenses -23 -18 -22 -16

The interest share of pension expenses for the year is recognized among interest expenses. The rate of interest used in the Parent Company is 4.0% (2017: 4.0%) set by PRI, calculated on the average of opening and closing balances on the item “Pension provisions”.

Other financial income and expenses include bank charges as well as exchange rate effects on financial loans and investments. Since Duni is primarily a borrower, the entire effect is recognized among interest expenses.