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.