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NOTES
Consolidated financial statements • 109
SECTION 4: CAPITAL STRUCTURE AND NET FINANCIALS, CONTINUED
NET FINANCIALS
OTHER NON-CASH ADJUSTMENTS
4.6
4.7
Finance income
DKK million
2016
2015
Finance income from financial assets and liabilities measured at fair value through the income statement:
Fair value adjustments, derivative financial instruments
203
2
Total finance income from derivative financial instruments
203
2
Finance income from loans and receivables measured at amortised cost:
Foreign exchange gains
121
79
Interest income, bank
3
3
Interest income, loans and receivables
1
-
Total finance income from loans and receivables
125
82
Total finance income
328
84
Finance costs
DKK million
2016
2015
Finance costs from financial assets and liabilities measured at fair value through the income statement:
Fair value adjustments, derivative financial instruments
15
199
Total finance costs from derivative financial instruments
15
199
Finance costs from financial liabilities measured at amortised cost:
Foreign exchange losses
22
234
Interest on loans and borrowings
23
10
Other finance costs
22
110
Total finance costs from loans and borrowings
67
354
Total finance costs
82
553
Other non-cash adjustments
DKK million
2016
2015
Other non-cash adjustments can be split into the following:
Effects from exchange rate adjustments
58
-297
Effects from derivative financial instruments
182
-131
Other, including gains/losses from the sale of property, plant and equipment
1
-4
Total other non-cash adjustments
241
-432
Accounting policies
Finance income and costs comprise interest income and
expenses, realised and unrealised gains and losses on
payables/receivables and transactions in foreign currencies.
For all financial instruments measured at amortised cost,
interest income or expense is recognised using the effective
interest rate, which is the rate that discounts the estimated
future cash payments or receipts through the expected
life of the financial instrument or a shorter period, where
appropriate, to the net carrying amount of the financial
asset or liability.