[13] Financial income

Financial income breaks down as follows:

Financial income

in € million

2020

2019

Interest income from lease business

58.8

51.9

Foreign currency exchange rate gains (financing)

46.8

47.9

Other interest and similar income

8.0

5.7

Total financial income

113.6

105.5

The €8.1 million rise in financial income was primarily attributable to higher interest income from the leasing business (details of the countervailing interest expense can be found in note [14]). The interest income from the leasing business relates to the interest portion of lease payments in which KION Group subsidiaries operate as lessors and the arrangements are classified as a finance lease relationship.

Foreign currency exchange rate gains predominantly arise in connection with foreign currency positions in internal financing and the related hedging transactions that are not part of a formally documented hedge.