6 Financial result

In CHF million	1.1.–31.3.2020	1.1.–31.3.2019
Interest income on financial assets	2	2
Foreign exchange gains	4	4
Other financial income	1	20
Total financial income	7	26
Interest expense on financial liabilities	(14)	(17)
Interest expense on lease liabilities	(11)	(8)
Interest expense on defined benefit obligations	–	(2)
Change in fair value of interest rate swaps	(10)	(12)
Other financial expense	(9)	(7)
Total financial expense	(44)	(46)
Financial income and financial expense, net	(37)	(20)

Interest expense on lease liabilities	(11)	(8)
Net interest expense on financial assets and liabilities	(12)	(15)