177 / 236
NOTE 16. NET INTEREST CHARGES
(x 1,000 EUR)
2015
2014
Nominal interest on borrowings
24,698
32,194
Bilateral loans - floating rate
4,479
7,623
Commercial papers - floating rate
1,150
926
Investment credits - floating or fixed rate
606
634
Bonds - fixed rate
9,230
13,778
Convertible bonds
9,233
9,233
Reconstitution of the nominal value of financial debts
1,167
721
Charges relating to authorised hedging instruments
17,066
31,738
Authorised hedging instruments qualifying for hedge accounting under IFRS
6,043
21,644
Authorised hedging instruments not qualifying for hedge accounting under IFRS
11,023
10,094
Income relating to authorised hedging instruments
-3,758
-13,283
Authorised hedging instruments qualifying for hedge accounting under IFRS
-54
-9,203
Authorised hedging instruments not qualifying for hedge accounting under IFRS
-3,704
-4,080
Other interest charges
2
3,137
3,304
TOTAL
42,310
54,700
NOTE 15. FINANCIAL INCOME
(x 1,000 EUR)
2015
2014
Interests and dividends received
1
1,149
1,537
Interest receipts from finance leases and similar receivables
4,586
4,040
TOTAL
5,735
5,577
1
The amount of dividends received is nil at 31.12.2015.
2
These are commissions on unused credit.
3
In 2015, the interest on borrowings at amortised cost (2015: 19,769 K EUR/2014: 27,012 K EUR) consisted of “Other interest charges”, the “Reconstitution of the nominal value of
financial debts” as well as “Nominal interest on borrowings” (with the exception of the “Convertible bonds”). Interest on borrowings at fair value through net result (2015: 22,541 K
EUR/2014: 27,688 K EUR) consists of “Charges and income resulting from authorised hedging instruments allowed” as well as “Convertible bonds”.
NOTE 17. OTHER FINANCIAL CHARGES
(x 1,000 EUR)
2015
2014
Bank fees and other commissions
340
320
Other
320
1,989
TOTAL
660
2,309
The effective interest charges on loans correspond to an average
effective interest rate on loans of 2.90% (2014: 3.43%). The effective
charge without taking into account the hedging instruments stands
at 1.99%. This percentage can be split up between 2.54% for the
borrowings at fair value and 1.81% for the borrowings measured at
amortised cost
3
.
173