Annual Report 2009 2 Financial review
 

Note 9 - Financial income and financial expenses

  Group   Parent Company
  2009 2008   2009 2008
Financial income          
Interest income           
From subsidiaries   727 1,003
From others 255 220   83 63
Dividends from subsidiaries   3,178 1,573
Other financial income 1 2   1 4
Total financial income 256 222   3,989 2,643
           
Financial expenses          
Interest expenses          
To subsidiaries   –244 –719
To others –544 –744   –432 –558
Exchange-rate differences           
On loans and forward contracts as hedges for foreign net investments   –75 –84
On other loans and borrowings, net 41 12   530 –87
Other financial expenses –30 –25   –12 –14
Total financial expenses –533 –757   –233 –1,462

Interest income from others, for the Group and the Parent Company, include gains and losses on financial instruments held for trading. Interest expenses to others, for the Group and the Parent Company, include gains and losses on derivatives used for managing the Group’s interest fixing and premiums on forward contracts in the amount of SEK –108m (–57) used as hedges for foreign net investments. For information on financial instruments, see Note 18.

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