7 Financial result

In CHF million	1.1.–31.3.2019	1.1.–31.3.2018
Interest income on financial assets	2	2
Change in fair value of interest rate swaps	–	8
Foreign exchange gains	4	–
Other financial income	20	7
Total financial income	26	17
Interest expense on financial liabilities	(18)	(31)
Interest expense on lease liabilities	(8)	(6)
Interest expense on defined benefit obligations	(2)	(2)
Foreign exchange losses	–	(3)
Change in fair value of interest rate swaps	(12)	–
Other financial expense	(6)	(16)
Total financial expense	(46)	(58)
Financial income and financial expense, net	(20)	(41)

Interest expense on lease liabilities	(8)	(6)
Net interest expense for financial assets and liabilities	(16)	(29)