Note 53 Finance income
€ million | 2016 | 2015 |
Interest income on loans and deposits | 1 | 1 |
Fair value movements on financial instruments | 1 | - |
Financial income on loans from group companies | 147 | 166 |
Total | 149 | 167 |
The finance income on loans to group companies was €19 million lower than in 2015 owing to a reduction in the interest rate charged and a reduction in the amount of current-account receivables from group companies.