8 Financial result
|
|
2024/25 |
|
2023/24 |
|---|---|---|---|---|
|
|
€k |
|
€k |
Earnings of investments carried at equity |
|
30 |
|
-3,022 |
Interest income |
|
6,570 |
|
22,396 |
Interest expenses |
|
-26,600 |
|
-29,424 |
Net interest from defined benefit pension plans |
|
-24 |
|
877 |
Net interest income/loss |
|
-20,054 |
|
-6,151 |
Income from currency effects |
|
21,069 |
|
10,955 |
Expenses from currency effects |
|
-46,635 |
|
-16,462 |
Income from currency-related derivatives |
|
32,555 |
|
26,195 |
Expenses from currency-related derivatives |
|
-17,452 |
|
-9,104 |
Foreign currency gains (+) / losses (-), net |
|
-10,463 |
|
11,584 |
Other financial result |
|
1,059 |
|
44,003 |
|
|
-29,428 |
|
46,414 |
The interest income mainly results from the funds invested with Carl Zeiss Financial Services GmbH as part of the Group treasury. Interest income also includes adjustments to the cost of capital for the measurement of contingent purchase price obligations. Interest expenses mainly result from the annual compounding of liabilities from contingent purchase price obligations and the loan taken out from the ZEISS Group to refinance the DORC acquisition.
The foreign currency gains/losses are influenced in particular by the currency effects from the recognition and measurement of the currency forward contracts as well as the measurement of the primary financial instruments.
As in the prior year, the “Other financial result” was influenced to a large degree by the revaluation of various contingent purchase price obligations.
Further information on this can be found in Note 23 “Financial liabilities”.