Statements of financial results


The financial results of the periods ending on 31 December 2009 and 2008 are shown below:

Financial results - Table 6.21

costs and losses

2009

2008

income and gains

2009

2008

Unfavourable exchange
rate differences

7,200

34,815

Interest obtained

2,499,860

3,438,109

Other financial

costs / losses

11,165

9,015

Favourable exchange
rate differences

548

3,479

Financial results

2,483,177

3,403,112

Other financial
income / gains

1,134

5,354

Totals

2 501 542

3,446,942

 

2,501,542

3,446,942

Unit: euros

With respect to financial income, we highlight the interest earned, whose origin is due to the application of surplus cash, to the amount of 1,313,746 euros, and from charging interest on the late payments of invoices totaling 1,186,114 euros.

For financial costs and losses, note is made of the costs associated with the provision of banking services, reported under other financial costs and losses and increasing in the period by 24%.