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6 Financial result

In CHF million   1.1.–30.6.2018   1.1.–30.6.2017
Interest income on financial assets   5   6
Change in fair value of interest rate swaps   9   2
Capitalised borrowing costs   2   3
Foreign exchange gains   5  
Other financial income   9  
Total financial income   30   11
Interest expense on financial liabilities   (75)   (79)
Interest expense on defined benefit obligations   (3)   (6)
Foreign exchange losses     (10)
Present-value adjustments on provisions   (4)   (3)
Other financial expense   (18)   (11)
Total financial expense   (100)   (109)
Financial income and financial expense, net   (70)   (98)
     
Net interest expense   (70)   (73)