18 Net other finance costs

 
€m
  2007
restated1)
2008
Financial income    
   Interest income
69 576
   Income from other equity investments
   and financial instruments
14 15
   Income from currency translation differences 13 23
   Other financial income
7 7
  103 621
Finance costs    
   Interest expenses
–986 –1,064
   of which interest cost on discounted provisions
   for pensions and other provisions
–652 –690
   Cost of loss absorption
–1 0
   Write-downs on financial instruments
–2 –30
   Expenses from currency translation differences
–57 –8
   Other finance costs
–5 –20
  –1,051 –1,122
Net other finance costs –948 –501

The increase in financial income reflects the interest component of the repayment of state aid amounting to €495 million.

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