TIM S.p.A. (ifrs-full:DisclosureOfFinanceCostExplanatory)

Finance expenses

Finance expenses amounted to 3,303 million euros in 2017, 3,450 million euros in 2016 and 5,281 million euros in 2015.

Details are as follows:


		Year ended December 31,
		2017		2016		2015
		(millions of euros)
Interest expenses and other finance expenses:
Interest expenses and other costs relating to bonds			1,100		1,162		1,621
Interest expenses to banks			113		117		128
Interest expenses to others			250		246		264

			1,463		1,525		2,013
Commissions			91		95		140
Exchange losses			759		467		1,158
Charges from fair value hedge derivatives			—		1		12
Reversal of the Reserve for cash flow hedge derivatives to the income statement (interest rate component)			489		548		820
Charges from non-hedging derivatives			22		64		75
Miscellaneous finance expenses			256		221		360

	(A)		3,080		2,921		4,578

Negative fair value adjustments to:
Fair value hedge derivatives			87		178		33
Underlying financial assets and liabilities of fair value hedges derivatives			—		45		117
Non hedging derivatives			136		306		553

	(B)		223		529		703

Impairment losses on financial assets other than investments	(C)		—		—		—

Total	(A+B+C)		3,303		3,450		5,281
of which, included in the supplementary disclosure on financial instruments			1,606		1,903		2,788

TIM S.p.A. | CIK:0000948642 |