Annual Report 2017

10. Finance Income and Costs

in thousands of EUR

2017

2016

Finance costs

- Bank borrowings

- 6,256

-10,108

- Result on interest derivatives

- 2,276

-2,652

- Commitment and utilization fee

- 1,551

-2,587

- Other

- 6,218

-3,146

Total finance costs

- 16,301

-18,493

Finance income

- Interest income

3,102

7,935

- Interest loans to management

121

344

- Interest deposits

772

585

Total finance income

3,995

8,864

Net foreign exchange results

- 2,399

-785

Net financial result

- 14,705

-10,414

Finance costs from bank borrowings and interest income include, respectively, the cost and income related to balances held in the Group's cash pool.

There has not been any ineffectiveness on the cash flow hedges in 2017 and 2016.