NOTES
92•Consolidated financial statements
PANDORAANNUAL REPORT2014
SECTION 4: CAPITAL STRUCTURE AND NET FINANCIALS, CONTINUED
NET FINANCIALS
4.6
Finance income
DKKmillion
2014
2013
Finance income fromfinancial assets and liabilitiesmeasured at fair value through the income statement:
Fair value adjustments, financial instruments
-
9
Total finance income fromfinancial instruments
-
9
Finance income from loans and receivablesmeasured at amortised cost:
Foreign exchange gains
7
154
Interest income, bank
1
2
Interest income, loans and receivables
6
2
Total finance income from loans and receivables
14
158
Total finance income
14
167
Finance costs
DKKmillion
2014
2013
Finance costs fromfinancial assets and liabilitiesmeasured at fair value through the income statement:
Fair value adjustments, financial instruments
50
-
Total finance costs fromfinancial instruments
50
-
Finance costs from financial liabilitiesmeasured at amortised cost:
Foreign exchange losses
89
54
Interest on loans and borrowings
4
5
Other finance costs
71
47
Total finance costs from loans and borrowings
164
106
Total finance costs
214
106
Accounting policies
Finance income and costs comprise interest income and
expenses, realised andunrealised gains and losses on
payables/receivables and transactions in foreign currencies.
For all financial instrumentsmeasured at amortised cost,
interest incomeor expenses are recognisedusing the
effective interest rate,which is the rate that discounts the
estimated future cashpayments or receipts through the
expected lifeof thefinancial instrument or a shorter period,
where appropriate, to thenet carrying amount of the
financial asset or liability.
