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Annual Report 1999739KB - Essent

Annual Report 1999739KB - Essent

Annual Report 1999739KB - Essent

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8Financial income and expenseThis item for 1999 can be broken down as follows:in millionsNLGin millionsEURinterest expense556.5252.5interest income:construction interestinterest on Sep standard reimbursementother(2.7)(125.5)(94.7)(1.2)(57.0)(43.0)total financial income and expense333.6151.39Profit of non-consolidated participating interestsThe profit of non-consolidated participating interests consists, on the one hand, of the Group’s share in theprofit of the participating interests in which an interest of at least 20% is held and, on the other, the dividendsreceived from participating interests in which the Group’s interest is less than 20%.10Minority interests in consolidated group profitThis item relates to the share of third parties in the results of group companies which are not wholly-ownedby <strong>Essent</strong> NV.essent199911Extraordinary income and expenseExtraordinary income and expense includes a gain of NLG 1,739.0 million (EUR 789.1 million) on the sale byEDON Groep of its 50% interest in EPON. This item also includes the net financial benefit of NLG 90.2 million(EUR 40.9 million) on cross-border lease transactions entered into. The addition of NLG 850.0 million(EUR 385.7 million) to the provision for energy sector restructuring has been recognised as an extraordinaryexpense.48financial statements

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