Note 28 Finance expense
€ million | 2017 | 2016 |
Loans from third parties | -48 | -51 |
Currency translation differences | -50 | -5 |
Other finance expense | -12 | -16 |
Total | -110 | -72 |
The currency translation differences result from the effect of the movements in the US dollar exchange rates against the euro on the available-for-sale financial assets (note [6]) and the hedging of Euro Commercial Paper issued in US dollars.
The other finance expenses mainly related to the finance lease obligations [note 19]. Also included in the other finance expenses are the costs associated with credit facilities.