Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Finance Income

v3.22.1
Finance Income
 12 Months Ended
Dec. 31, 2021
Disclosure of Finance Income [Abstract]  
Finance income

11. Finance income

Finance income are as follows:

 

 

 

For the years ended December 31,

 

(EUR thousand)

 

2021

 

 

2020

 

 

2019

 

Interest income from banks deposits

 

 

538

 

 

 

352

 

 

 

158

 

Income from financial discounts

 

 

18

 

 

 

17

 

 

 

398

 

Interest income on loans to associates

 

 

10

 

 

 

20

 

 

 

17

 

Other financial income

 

 

57

 

 

 

295

 

 

 

62

 

Gain from the sale of an associate

 

 

12,258

 

 

 

—

 

 

 

—

 

Foreign currency exchange rate gains

 

 

7,588

 

 

 

11,585

 

 

 

4,789

 

Derivatives revaluation

 

 

950

 

 

 

2,007

 

 

 

1,809

 

Other fair value adjustments

 

 

290

 

 

 

650

 

 

 

773

 

Total finance income

 

 

21,709

 

 

 

14,926

 

 

 

8,006

 

 

For the year ended December 31, 2021 the Group realized EUR 12,258 thousand gain from the sale of the entire share capital of Swissfillon AG, of which the sub holding Stevanato Group International held the 26.94% of the share capital. Please refer to Note 19 for more details.