Annual Report 2023

Notes

8. Interest result

€ million

 

2023

 

20221

 

 

 

 

 

Interest income

 

2,658

 

1,325

Other interest and similar income

 

2,656

 

1,325

Valuation of fair value hedges

 

2

 

Interest expenses

 

−3,592

 

−408

Other interest and similar expenses

 

−2,050

 

−938

Valuation of fair value hedges

 

−3

 

1

Expenses from discounting lease liabilities

 

−222

 

−158

Interest result from compounding/discounting other noncurrent liabilities

 

−304

 

1,236

Net interest on the net defined benefit liability

 

−1,014

 

−549

Interest result

 

−934

 

916

1

Prior-year figures adjusted (see disclosures on IFRS 17 in the “Effects of new and amended IFRSs” section).

In the previous year, the positive interest result from compounding/discounting other noncurrent liabilities was mainly the result of adjustments to the discount rates used to measure noncurrent provisions.