| (in millions of euros) | 2021 | 2020 |
|---|---|---|
| Interest expenses on loans and bank overdrafts | Interest expenses on loans and bank overdrafts 2021(115) |
Interest expenses on loans and bank overdrafts 2020 (185) |
| Financial income | Financial income 202130 |
Financial income 2020 66 |
| Cost of net financial debt | Cost of net financial debt2021(85) | Cost of net financial debt 2020 (119) |
| Interest expense on lease liabilities | Interest expense on lease liabilities 2021(70) |
Interest expense on lease liabilities 2020 (77) |
| Change in fair value of financial assets | Change in fair value of financial assets 202142 |
Change in fair value of financial assets 2020 7 |
| Foreign exchange gains (losses) and change in the fair value of derivatives | Foreign exchange gains (losses) and change in the fair value of derivatives 20212 |
Foreign exchange gains (losses) and change in the fair value of derivatives 2020 (2) |
| Other | Other 2021(7) |
Other 2020 (7) |
| Net financial income (expense) excluding revaluation of earn-out payments | Net financial income (expense) excluding revaluation of earn-out payments2021(118) | Net financial income (expense) excluding revaluation of earn-out payments 2020 (198) |
In 2020, the cost of net financial debt amounted to euro 103 million, excluding costs related to the early unwinding of the 2021 and 2024 swaps for euro 16 million (euro 11 million net of tax).
| (in millions of euros) | 2021 | 2020 |
|---|---|---|
| Revaluation of earn-out payments | Revaluation of earn-out payments202127 | Revaluation of earn-out payments 2020 (17) |
/ Analysis of income tax expense
| (in millions of euros) | 2021 | 2020 |
|---|---|---|
| Current income tax expense for the period | Current income tax expense for the period 2021(368) |
Current income tax expense for the period 2020 (309) |
| Current tax income/(expense) for previous years | Current tax income/(expense) for previous years 20211 |
Current tax income/(expense) for previous years 2020 (2) |
| Total tax income/(expense) | Total tax income/(expense)2021(367) | Total tax income/(expense) 2020 (311) |
| Deferred tax income/(expense) | Deferred tax income/(expense) 202159 |
Deferred tax income/(expense) 2020 156 |
| Changes in unrecognized deferred tax assets | Changes in unrecognized deferred tax assets 20211 |
Changes in unrecognized deferred tax assets 2020 (41) |
| Total net deferred tax income/(expense) | Total net deferred tax income/(expense)202160 | Total net deferred tax income/(expense) 2020 115 |
| Income taxes | Income taxes2021(307) | Income taxes 2020 (196) |
