6 Finance result
|
|
|
|
|
|
|
(CHF million) |
|
2022 |
|
2021 |
|
Net interest expenses on debentures and non-current loans |
|
–11.3 |
|
–10.8 |
|
Net interest expenses on defined benefit obligations |
|
–0.2 |
|
–0.3 |
|
Interest expenses on finance lease liabilities |
|
–0.1 |
|
0.0 |
|
Other interest expenses |
|
–10.9 |
|
–12.9 |
|
Adjustments to fair value on financial assets of Airport Zurich Noise Fund |
|
–11.8 |
|
0.0 |
|
Present value adjustment on provision for formal expropriations plus sound insulation and resident protection |
|
–0.8 |
|
0.0 |
|
Present value adjustment on liabilities from concession arrangements |
|
–1.0 |
|
–4.9 |
|
Foreign exchange losses |
|
–0.8 |
|
–1.1 |
|
Other finance costs |
|
–5.2 |
|
–2.0 |
|
Total finance costs |
|
–42.2 |
|
–32.1 |
|
|
|
|
|
|
|
Interest income on financial assets of Airport Zurich Noise Fund |
|
0.6 |
|
0.5 |
|
Adjustments to fair value on financial assets of Airport Zurich Noise Fund |
|
0.0 |
|
2.0 |
|
Other interest income |
|
4.9 |
|
0.4 |
|
Other finance income |
|
16.7 |
|
0.1 |
|
Total finance income |
|
22.2 |
|
3.0 |
|
|
|
|
|
|
|
Finance result |
|
–20.0 |
|
–29.1 |
Due to the deflationary environment in Brazil in the second half of the year, both other interest expenses and expenses for the present value adjustment on liabilities from concession agreements were down year on year. Conversely, after the income generated in the previous year, negative fair value changes at the Airport Zurich Noise Fund resulted in additional expenses.
Other finance income consisted mainly of two one-time items: the repurchase of own debentures and the prepayment of the future fixed concession payments in Florianópolis resulted in gains of CHF 8.4 million and CHF 8.0 million, respectively (see note 18, Financial liabilities).
