8 Net other financial income/net other finance costs

The net other finance costs of €219 million (previous year: net other financial income of €1,294 million) are mainly affected by the planned sale of Postbank. They also include impairment losses resulting from the measurement of the Deutsche Postbank shares before and after they were reclassified as held for sale in accordance with IFRS 5; Note 12.

Effects of planned sale of Postbank
€m
  Q1 2010 Q1 2011
Interest expense on exchangeable bond –30 –31
Interest expense on cash collateral –11 –12
Net gain/loss on recognition and subsequent measurement of the forward 1,453 –42
Net gain/loss on measurements of the option (tranche III) 2 –19
Impairment loss (–) on measurement of shares before reclassification under IFRS 5 0 –63
Impairment loss (–)/reversal of impairment loss (+) on shares under IFRS 5 0 53
  1,414 –114
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