This item includes the following:
|
(in thousands of euro) |
2010 |
2009 |
|
Interest expense on bank accounts |
54,632 |
42,880 |
|
Interest expense on bonds |
38,746 |
43,116 |
|
Other interest expense |
26,257 |
21,405 |
|
Interest rate derivatives |
15,414 |
9,088 |
|
Exchange rate losses |
13,654 |
26,442 |
|
Other financial expenses |
16,318 |
14,965 |
|
Total |
165,021 |
157,896 |
As was the case last year, the item “Other financial expenses” includes € 10,200 thousand that refers to the write-down of the interest accrued on the PECs issued by KTP Global Finance.