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) |