Financial income and expenses
x € 1 million | 2021 | 2020 |
|---|---|---|
Interest income | -2 | -1 |
Interest expense | 94 | 56 |
Interest expense lease | 1 | 1 |
Total | 93 | 56 |
The financial income and expenses in 2021 amounted to €93 million (2020: €56 million). The financial expenses relate mainly to the interest expense for external financing. Interest expenses rose in 2021 compared with 2020, mainly due to the early redemption of the USD and GBP loans, for which the interest for the original remaining term had to be settled as a lump sum, for an amount of €38 million. In addition, interest was capitalised in 2021 on the assets under construction for an amount of €5 million (2020: €5 million).
