Note 54 Finance income
Interest income on loans and deposits
Fair value movements on financial instruments
Currency translation differences
Financial income on loans from group companies
Alliander uses FX swaps to hedge the currency risk. The exchange differences arise from the effect which the movements in the US dollar exchange rate against the euro have on the finance raised in foreign currencies under the ECP Programme.
The finance income from loans to group companies was down by €44 million compared with 2016 as a result of changes in the interest rate charged and changes in the composition of group companies.