[12] Financial income
Financial income breaks down as follows: >> Table 048
Financial income* |
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>> TABLE 048 |
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in € million |
2013 |
2012 |
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Foreign currency exchange rate gains (financing) |
13.6 |
12.1 |
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Interest income from leases |
27.2 |
22.5 |
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Net interest income from defined benefit plans |
1.1 |
1.2 |
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Other interests and similar income |
6.6 |
4.8 |
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Total financial income |
48.5 |
40.5 |
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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 exchange differences – financing – include gains of €6.2 million from the repayment of a foreign-currency loan denominated in US dollars (2012: €9.1 million, translation of a foreign-currency loan denominated in US dollars) and a gain of €6.8 million on hedging transactions (2012: €0.1 million).
The line item ‘Net interest income from defined benefit plans’ relates to the net interest income on the net assets of four pension plans in the United Kingdom in which plan assets exceed pension obligations.