Financial statements

NOTE 21



FINANCIAL INCOME AND EXPENSES

Financial income for the year ended 31 December 2017 is as follows:

III - FINANCIAL INCOME AND EXPENSES 31/12/17 31/12/1
1. Financial income and expenses
a) Financial income 27.724.330 1.208.171
Equity investments 26.755.550 0
From fixed income investments 513.174 843.875
Interest on loans 7.186 6.497
From curr. accts. and deposits 409.966 330.112
From promissory notes 38.454 27.687
c) Change in fair value of financial instruments 659.527 423.844
Change in fair value of financial instruments 659.527 423.844
d) Exchange differences -113.565 -237.727
Negative differences -198.467 -301.049
Positive differences 84.902 63.322
NET FINANCIAL INCOME/(EXPENSE) 28.270.292 1.394.288