SECTION 1 -

Note 8. Net financial expense
(in € millions)
New Services: Historical Combined Financial Statements and Notes
December, 31, 2009
2007 2008 2009
Finance costs, net (1) (3) (10) 3
Other financial income and expenses, net (2) 2 - (23)
Net financial expense (1) (10) (20)
(1) Finance costs, net correspond to interest on loans, receivables and debt measured at amortized cost. The total
corresponds in full to interest paid or received during the period.
(2) Other financial income and expenses consist solely of exchange gains and losses, mainly on foreign currency debt
measured at amortized cost and on various dividend and capital flows in foreign currencies. In 2009, the total
corresponds mainly to exchange losses arising from the devaluation of the Venezuelan currency (see Note 2.B).
189