9.6 Finance income
Accounting policies
Dividend is recognised as finance income as at the date on which the appropriate governing body of the dividend payer resolves on distribution of profit, unless the resolution specifies another dividend record date. The Group has decided to classify dividend income as finance income due to the common practice among entities that are not financial institutions to report dividend income as finance income in accordance with IFRS. The Group applies this classification policy in a consistent manner.
Interest income is recognised as the interest accrues (using the effective interest rate). The Group recognises interest income under finance income, following a common (and commonly accepted) practice among entities, other than financial institutions, applying IFRSs. The Group applies this classification policy in a consistent manner.
| Note | 2021 | 2020 | |
|---|---|---|---|
| Dividends: | 1.7 | 3.0 | |
| – equity-accounted joint ventures | – | – | |
| – equity investments measured at fair value through other comprehensive income | 11.1.3 | 1.7 | 3.0 |
| Interest: | 16.8 | 9.8 | |
|
16.3 | 9.6 | |
| – on trade receivables | 11.1.3 | 1.2 | 2.4 |
| – on cash | 11.1.3 | 0.2 | 1.3 |
| – on deposits | 11.1.3 | 1.2 | 5.4 |
| – on loans | 11.1.3 | 13.6 | 0.4 |
| – other | 0.1 | 0.1 | |
|
0.5 | 0.1 | |
|
– | 0.1 | |
| Exchange differences: | – | 42.2 | |
| – on bank borrowings | 11.1.3 | – | 39.9 |
| – on realised foreign-currency transactions in bank accounts | 11.1.3 | – | (7.7) |
| – on notes | 11.1.3 | – | 2.4 |
| – on cash | 11.1.3 | – | 16.2 |
| – on leases | 11.1.3 | – | (4.1) |
| – on investment commitments | 11.1.3 | – | (6.8) |
| – on trade receivables and trade payables | 11.1.3 | – | 2.3 |
| Revaluation of derivative financial instruments: | 242.7 | 65.7 | |
| – measurement | 11.1.3 | 136.9 | 43.1 |
| – settlement | 11.1.3 | 105.8 | 22.6 |
| Loan commision | – | 4.9 | |
| Other | 0.7 | 0.2 | |
| Total | 261.9 | 125.8 |
The Group offsets similar transaction items in accordance with IAS 1 Presentation of Financial Statements, paragraphs 34 and 35. Material items of income and expenses charged to profit or loss are disclosed separately, as presented in the table above.