Note 9. Net financing cost

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Group	2017	2018
Interest income	207	281
Dividend	25	15
Other investments incl. derivatives
Net gain on remeasurement of financial assets/ liabilities	134	43
Net foreign-exchange gains	—	—
Other financial income	15	35
Financial income	381	374

Interest expense	–1,377	–1,081
Other investments incl. derivatives
Net loss on remeasurement of financial assets/liabilities	–41	–15
Net foreign-exchange losses	–9	–6
Other financial expenses	–34	–59
Financial expenses	–1,462	–1,161
Net financing cost	–1,080	–788

Net interest income/expense from financial assets and liabilities not measured at fair value through profit or loss amounted to –801 million SEK (–1,157). In 2018, the hedging of fair values resulting from the valuation of hedged items had an effect of 0 million SEK (–4) on the result, while the valuation of hedged instruments affected the result by 0 million SEK (4). No inefficiencies in cash flow hedges impacted profit for the year (0). For further information regarding valuation policies for financial instruments, refer to Note 27.

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Income from shares in Group companies

Income from shares in associated companies

Parent Company

2017

2018

2017

2018

1)	Profit from disposal of shares in Sandvik Process Systems AB.
2)	Loss from intra-group disposal of shares in subsidiary

Dividend, net of withholding tax

1,072

3,129

—

Group contributions paid/received

–3,955

3,072

—

Gain or loss on sale of shares and participations

2,344¹⁾

–1,824²⁾

Impairment

–167

–13

—

Reversed impairment

—

Total

–706

4,364

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	Interest income and similar items

Parent Company	2017	2018
Interest income, Group companies	631	491
Other interest income	0	0
Derivatives, Group companies	139	50
Other	—	—
Total	770	541

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	Interest expense and similar items

Parent Company	2017	2018
Interest expense, Group companies	–451	–301
Other interest expense	–543	–550
Derivatives, Group companies	5	–238
Other	–15	–28
Total	–1,004	–1,117