30. Financial income and expenses
Financial income and expenses include the following items:
(€ in thousands)
Other financial result
Foreign exchange result
OTHER FINANCIAL RESULT
The foreign exchange result includes results related to hedging contracts and balance sheet item revaluations. Hedging contracts are entered into to protect the group from adverse exchange rate fluctuations that may result from USD and GBP exposures.
Interest income and expense are recognised using the effective interest method.