Note 27 Finance income
€ million | 2016 | 2015 |
Interest income on loans and deposits | - | 1 |
Fair value movements swaps | 1 | - |
Other finance income | 12 | 14 |
Currency translation differences | 5 | 39 |
Total | 18 | 54 |
The other finance income largely concerns the available-for-sale financial assets relating to the cross-border lease contracts (note [6]).
Alliander uses FX swaps to hedge the currency risk. The currency translation differences result from the effect of the movements in the US dollar and sterling exchange rates against the euro on the available-for-sale financial assets (note [6]).