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.