9 Other financial result
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€ million |
2016 |
2015 |
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Income from profit and loss transfer agreements |
33 |
29 |
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Cost of loss absorption |
24 |
18 |
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Other income from equity investments |
110 |
1,594 |
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Other expenses from equity investments |
155 |
181 |
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Income from marketable securities and loans* |
−35 |
148 |
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Realized income of loan receivables and payables in foreign currency |
882 |
198 |
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Other interest and similar income |
642 |
780 |
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Gains and losses from remeasurement and impairment of financial instruments |
−303 |
−1,173 |
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Gains and losses from fair value changes of derivatives not included in hedge accounting |
−1,148 |
−637 |
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Gains and losses from fair value changes of derivatives included in hedge accounting |
−63 |
34 |
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Other financial result |
−61 |
773 |
The recognized foreign currency income presented in the “Other interest and similar income” item in previous years is presented separately in fiscal year 2016. The prior-year amounts have been reclassified accordingly.
The decrease in other income from equity investments is primarily due to the sale of the equity interest in Suzuki in the previous year. The change in gains and losses from remeasurement and impairment of financial instruments is largely the result of changes in the exchange rates for receivables and liabilities denominated in foreign currency and, in the previous year, negative remeasurement effects connected with put options and compensation rights granted to noncontrolling interest shareholders. Please see the section entitled “Put options and compensation rights granted to noncontrolling interest shareholders”.