Annual Report 2024

Annual Report 2024

22. Financial Result and Exchange Gains/(Losses)

Financial Result and Exchange Gains/(Losses)

 

 

Year Ended December 31,

(in thousands of $)

 

2024

 

2023

 

2022

Interest income

 

138,740

 

92,962

 

24,741

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

 

18,769

 

14,424

 

2,924

Financial income

 

157,509

 

107,386

 

27,665

 

 

 

 

 

 

 

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

 

 

(2)

 

(1,713)

Other financial expense

 

(2,464)

 

(904)

 

(2,193)

Financial expense

 

(2,464)

 

(906)

 

(3,906)

 

 

 

 

 

 

 

Realized exchange (losses)/gains

 

(5,444)

 

29

 

(3,743)

Unrealized exchange (losses)/gains

 

(42,767)

 

14,044

 

(28,989)

Exchange gains/(losses)

 

(48,211)

 

14,073

 

(32,732)

The exchange losses of $48 million for the year ended December 31, 2024 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.