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Financing income and expenses
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Financing income is comprised of interest income on funds invested, changes in the fair value of financial assets at fair value through profit or loss, changes in fair value of derivative instruments and foreign currency gains. Interest income is recognized as it accrues using the effective interest method.
Financing expenses are comprised of changes in fair value of derivative instruments, as well as changes in the fair value of financial assets at fair value through profit or loss and foreign currency losses.
In the statements of cash flows, interest received and interest paid are presented as part of cash flows from operating activities.
Foreign currency gains and losses are reported on a net basis.
