59. Financial income and expenses
Financial income and expenses can be broken down as follows:
| In millions of euros | 2024 | 2023 | ||
|---|---|---|---|---|
| Interest income and similar income | 95.2 | 81.2 | ||
| Fair value movement for instruments measured at fair value | 3.7 | 3.2 | ||
| Total financial income | 98.9 | 84.4 | ||
| Interest expenses and similar expenses | -91.8 | -72.4 | ||
| Other financial expenses | -5.9 | -12.2 | ||
| Fair value movement for instruments measured at fair value | - | -4.1 | ||
| Total financial expenses | -97.7 | -88.7 | ||
| Total financial income and expenses | 1.2 | -4.3 |
Interest income and similar income mainly covers the interest we charge on loans to group companies and other participating interests and interest on cash pool receivables. In 2024, this interest income amounted to € 80.0 million (2023: € 70.8 million). The remaining part of the interest income mainly relates to call funds and deposits. Note 43 ‘Financial fixed assets’ provides more detailed information on the loans provided to group companies and other participating interests.
The interest expenses and similar expenses mainly concerned the interest on external non-current loans and the interest on our cash pool liabilities paid to a number of our group companies. We pay arm’s length interest on the balance of the cash pool liabilities, based on a floating market interest rate plus a margin appropriate to both N.V. Nederlandse Gasunie’s risk profile and that of the relevant group company.