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3 Financial income and financial expense


In CHF million
  1st half-year
2016
  1st half-year
2015
Interest income   8   5
Interest expense   (89)   (101)
Net interest expense on financial assets and financial liabilities   (81)   (96)
Foreign exchange gains (foreign exchange losses)   1   (34)
Change in fair value of interest rate swaps   (42)   (9)
Gains from sale of subsidiaries     19
Other financial income and expense, net   (23)   (17)
Financial income and financial expense, net   (145)   (137)