EXEL industries - 2019 Universal Registration Document

Separate fi nancial statements 5

Notes to the parent company fi nancial statements

18.

Net fi nancial income/(expense)

Separate fi nancial statements (in € thousands)

09/30/2018

09/30/2019

Financial income from equity interests

27,820

28,145

Other interest and similar income

9,703

8,133

Reserves written back to income

392

3,204

Foreign exchange gains

2,599

2,237

Net income on sales of short-term investments

25

17

TOTAL INCOME

40,539

41,736

Increases in provisions

(922)

(2,472)

Interest

(2,799)

(2,823)

Foreign exchange losses

(2,623)

(5,883)

Net expense on sales of short-term investments

-

-

TOTAL EXPENSES

(6,344)

(11,178)

NET FINANCIAL INCOME/(EXPENSE)

34,195)

30,558

Changes in balances of cash and cash equivalents with a ffi liates break down as follows:

09/30/2018

09/30/2019

(in € thousands)

Financial income

37,523

36,277

Financial expenses

508

502

19.

Net exceptional income/(loss)

Separate fi nancial statements (in € thousands)

09/30/2018

09/30/2019

Application of a “better fortunes” ( fi nancial recovery) clause

188

215

Disposal price of decommissioned assets

-

-

Reversal of provisions/proceeds from the sale of fi xed assets

-

-

Reversal of provisions for subsidiary contingencies

-

-

Other misc. items

23

27

TOTAL INCOME

211

242

Debt waivers granted to subsidiaries

(11,772)

-

NAV of deactivated assets

-

-

Allowances for subsidiary contingencies

(444)

-

Net allowances for depreciation and amortization/restructuring

(24,193)

Allowances for tax-driven provisions (accelerated tax depreciation)

(101)

(105)

Other misc. items

(55)

(1)

TOTAL EXPENSES

(36,565)

(106)

NET EXCEPTIONAL INCOME/(LOSS)

(36,354)

136

EXEL Industries Group I 2019 Universal Registration Document

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