Annual Report 2023

Annual Report 2023

23. Financial Result and Exchange Gains/(Losses)

 

 

Year Ended December 31,

(in thousands of $)

 

2023

 

2022

 

2021

Interest income

 

92,962

 

24,741

 

3,489

Net gain on cash equivalents & current financial assets held at fair value through profit or loss and cash equivalents

 

14,424

 

2,924

 

144

Financial income

 

107,386

 

27,665

 

3,633

 

 

 

 

 

 

 

Net loss on cash equivalents & current financial assets held at fair value through profit or loss and cash equivalents

 

(2)

 

(1,713)

 

(3,482)

Other financial expense

 

(904)

 

(2,193)

 

(1,096)

Financial expense

 

(906)

 

(3,906)

 

(4,578)

 

 

 

 

 

 

 

Realized exchange gains/(losses)

 

29

 

(3,743)

 

15

Unrealized exchange gains/(losses)

 

14,044

 

(28,989)

 

(50,068)

Exchange gains/(losses)

 

14,073

 

(32,732)

 

(50,053)

The exchange gains of $14.1 million for the year ended December 31, 2023 were primarily attributable to unrealized exchange rate gains on the cash and cash equivalents and current financial assets position in EUR due to the fluctuation of the EUR/USD exchange rate over the period.