The financial results of the periods ending on 31 December 2009 and 2008 are shown below:
costs and losses |
2009 |
2008 |
income and gains |
2009 |
2008 |
Unfavourable exchange |
7,200 |
34,815 |
Interest obtained |
2,499,860 |
3,438,109 |
Other financial costs / losses |
11,165 |
9,015 |
Favourable exchange |
548 |
3,479 |
Financial results |
2,483,177 |
3,403,112 |
Other financial |
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%.