Annual Report 2009 - Von Roll

62 Financial Reporting 2009 – Consolidated Financial Statements12.| Income / loss from investment propertyin CHF 1,000 2009 2008Income from investment property 2,704 1,621Expense for investment property – 659 – 901Depreciation on investment property (Notes 9 and 21) – 143 – 112Result from the sale of investment property – – 198Total 1,902 41013.| Other operating incomein CHF 1,000 2009 2008Profit from the sale of non-current assets 85 –Reversal of impairment – 2,599Other operating income 4,422 7,744Total 4,507 10,343In essence, other operating income contains licence fees, income from insurance claims, income from leasing itemsof equipment, and income from the release of provisions and income from other services which was not generatedin connection with Von Roll’s core business.14.| Financial incomein CHF 1,000 2009 2008Interest received 417 4,762Gain from financial hedging activities 200 –Foreign exchange gains 13,856 8,840Total 14,473 13,60215.| Financial expensein CHF 1,000 20092008(restated)Interest expense on bank debts – 188 – 1,206Interest expense on pension funds (at balance sheet) – 926 – 909Bank charges – 1,191 – 703Interest expense on loans and other financial liabilities – 150 – 474Foreign exchange losses – 13,502 – 18,369Loss from derivatives – 1,664 –Loss from financial hedging activities – 261 – 852Loss from operative hedging activities – 404 –Value adjustments on financial assets and securities – – 7Total – 18, 286 – 22,520The loss from operating hedging transactions contains the ineffective part of hedging transactions for the copperstock. As of 31 December 2009, there are no outstanding hedging activities.To increase transparency, bank charges are shown separately from interest expense on bank debts for the financialyear 2009. The previous year was restated accordingly.