3 Financial income and financial expense
In CHF million | 1.1.–31.3.2017 | 1.1.–31.3.2016 | ||
---|---|---|---|---|
Interest income | 4 | 6 | ||
Interest expense | (40) | (45) | ||
Net interest expense | (36) | (39) | ||
Foreign exchange losses | (4) | (4) | ||
Change in fair value of interest rate swaps | (1) | (26) | ||
Other financial income and expense, net | (8) | (10) | ||
Financial income and financial expense, net | (49) | (79) |