Finance income amounted to 1,808 million euros in 2017, 2,543 million euros in 2016 and 2,760 million euros in 2015.
Details are as follows:
| Year ended December 31, | ||||||||||||||||
| 2017 | 2016 | 2015 | ||||||||||||||
| (millions of euros) | ||||||||||||||||
|
Interest income and other finance income: |
||||||||||||||||
|
Income from financial receivables recorded in non-current assets |
— | — | — | |||||||||||||
|
Income from securities other than investments, recorded in non-current assets |
— | — | 1 | |||||||||||||
|
Income from securities other than investments, recorded in current assets |
14 | 16 | 26 | |||||||||||||
|
Income other than the above: |
||||||||||||||||
|
Interest income |
129 | 151 | 214 | |||||||||||||
|
Exchange gains |
782 | 713 | 976 | |||||||||||||
|
Income from fair value hedge derivatives |
66 | 65 | 99 | |||||||||||||
|
Reversal of the Reserve for cash flow hedge derivatives to the income statement (interest rate component) |
568 | 649 | 954 | |||||||||||||
|
Income from non-hedging derivatives |
9 | 13 | 15 | |||||||||||||
|
Miscellaneous finance income |
26 | 37 | 110 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||
| (A) | 1,594 | 1,644 | 2,395 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||
|
Positive fair value adjustments to: |
||||||||||||||||
|
Fair value hedge derivatives |
— | 50 | 129 | |||||||||||||
|
Underlying financial assets and liabilities of fair value hedges derivatives |
95 | 173 | 10 | |||||||||||||
|
Non hedging derivatives |
119 | 676 | 226 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||
| (B) | 214 | 899 | 365 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||
|
Reversal of impairment loss on financial assets other than investments |
(C) | — | — | — | ||||||||||||
|
|
|
|
|
|
|
|||||||||||
|
Total |
(A+B+C) | 1,808 | 2,543 | 2,760 | ||||||||||||
|
of which, included in the supplementary disclosure on financial instruments |
300 | 987 | 630 | |||||||||||||
|
|
|
|
|
|
|
|||||||||||