Financial income is comprised of the following:
Financial income |
||
€ thousand |
2012 |
2011 |
|
|
|
Return on pension plan assets |
22,731 |
22,732 |
Interest income from leases |
22,451 |
24,414 |
Foreign currency exchange rate gains (financing) |
12,108 |
23,149 |
Other interests and similar income |
4,794 |
3,369 |
Total financial income |
62,084 |
73,664 |
The return on pension plan assets item shows the expected return on plan assets used to cover pension obligations.
The interest income from leases relates to the interest portion of lease payments in financial services transactions in which KION Group companies operate as lessors (finance leases).
Gains on foreign exchange rate differences – financing – include gains of €9,142 thousand on the translation of a foreign-currency loan denominated in US dollars (2011: €19,022 thousand) and a gain of €75 thousand on hedging transactions (2011: €22,883 thousand).
