RU

INTEGRATED REPORT 2016

Finance income and expenses

  Note 2016 2015
Foreign exchange gain   888,967 -
Fair value gain on derivative financial liabilities, net 19 184,983 -
Interest income   17,260 36,368
Gain from discounting and unwinding, net   1,694 -
Income from associates   279 -
Dividend income   172 -
Fair value gain on investments   - 24,910
Total finance income   1,093,355 61,278
       
Interest expense   (289,685) (270,841)
Syndication fee and other financial charges   (30,407) (23,401)
Letters of credit fees   (4,043) (4,167)
Finance lease expense   (797) (812)
Fair value losses on investments   (297) -
Foreign exchange loss   - (1,038,810)
Fair value loss on derivative financial liabilities, net 19 - (232,759)
Unwinding of the present value discount and effect of changes in discount rates   - (8,063)
Loss from associate   - (67)
Total finance expenses   (325,229) (1,578,920)
Total finance income/(expenses), net   768,126 (1,517,642)

Coupon income from corporate bonds classified as other financial assets held to maturity in the amount of US$ 3,966 is included in interest income (2015: US$ 3,789).

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