Notes to the Consolidated Income Statement
17 Financial expenses
|Interest and similar expenses||67,977||118,206|
|– of which: net interest expenses for pensions||(16,997)||(26,554)|
|Expenses for financial assets/loans/securities||20,506||21,524|
Net interest expenses for pensions comprise interest expenses for pension rights less the portion of return on plan assets not netted against staff costs (see note 11).
Expenses for financial assets/loans/securities include write-downs on financial assets of € 7,872 thousand (previous year: € 0 thousand).