Note 12 – Income from financial items
Group | Parent Company | |||||
SEK m | 2019 | 2018 | 2019 | 2018 | ||
Koncernen | Moderbolaget | |||||
MSEK | 2019 | 2018 | 2019 | 2018 | ||
Financial income | Finansiella intäkter | |||||
Interest income, external investments | Ränteintäkter, externa placeringar | 2 | 1 | 2 | – | |
Interest income, Group companies | Ränteintäkter, koncernföretag | – | – | 27 | 24 | |
Total financial income | Totala finansiella intäkter | 2 | 1 | 29 | 24 | |
Financial expenses | Finansiella kostnader | |||||
Interest expenses, external loans | Räntekostnader, externa lån | -14 | -11 | -13 | -10 | |
Interest expenses, pensions | Räntekostnader, pension | -5 | -5 | -3 | -5 | |
Interest expenses, Group companies | Räntekostnader, koncernföretag | – | – | -1 | – | |
Interest expenses, interest rate swaps | Räntekostnader, ränteswap | -2 | -4 | -2 | -4 | |
Interest costs, leasing | Räntekostnader, leasing | -5 | 0 | – | – | |
Change in fair value, currency forwards | Förändring verkligt värde valutaterminer | -1 | 2 | 2 | 2 | |
Other financial expenses | Övriga finansiella kostnader | -6 | -6 | -4 | -4 | |
Total financial expenses | Totala finansiella kostnader | -34 | -23 | -22 | -22 |
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% (2018: 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.