Net finance expense ( 203)
( 19,672)
( 19,875)
2021 Interest income on bank deposits
-
7
7
Dividend income on global equity fund
-
695
695
Interest income on global bond fund
-
1,750
1,750
Gains on disposal: global equity fund and global bond fund
-
255
255
Net change in fair value of financial assets at fair value
through profit or loss
-
8,314
8,314
Finance income
-
11,021
11,021
Net foreign exchange losses on revaluations of assets &
liabilities
( 618)
135
( 483)
Losses on disposal: global equity fund and global bond fund
-
( 152)
( 152)
Net change in fair value of financial assets at fair value
through profit or loss
-
( 5,127)
( 5,127)
Net realised losses from cash flow hedge
-
151
151
Finance expense
( 618)
( 4,993)
( 5,611)
Net finance (expense) / income ( 618)
6,028
5,410
The net finance result is comprised of interest and dividends received on funds invested, realised and unrealised foreign
exchange gains and losses on revaluations of foreign currency denominated assets and liabilities, and realised and unrealised
gains and losses on units held in global equity and bond funds.
Interest income is recognised in the Consolidated Statement of Comprehensive Income as it accrues taking into account the
effective yield on the asset.
Financials
325
INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page 40
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