Stevanato Group S.p.A. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Finance Income

Finance Income

12 Months Ended

Dec. 31, 2022

Disclosure of Finance Income [Abstract]

11. Finance income

Finance income are as follows:


	For the years ended December 31,
	2022		2021		2020
	(EUR thousand)
Interest income from banks deposits		648		538		352
Income from financial discounts		8		18		17
Interest income on loans to associates		—		10		20
Other financial income		96		57		295
Gain from the sale of an associate		—		12,258		—
Foreign currency exchange rate gains		19,995		7,588		11,585
Derivatives revaluation		3,551		950		2,007
Other fair value adjustments		752		290		650
Total finance income		25,050		21,709		14,926

For the year ended December 31, 2021 the Group realized a gain of EUR 12,258 thousand from the sale of the entire share capital of Swissfillon AG, of which the sub holding Stevanato Group International held 26.94% of the share capital. On October 22, 2021 the sub holding Stevanato Group International signed the shares purchase agreement for the sale and the transfer of all the owned shares in Swissfillon AG for approximately CHF 15.8 million. The Group therefore derecognized this associate and recognized in profit or loss the difference between the sum of the proceeds received and any retained interest, and the carrying amount of the investment in the associate at the date significant influence was lost.