8 Financial result

In CHF million	Note	2021	2020
Financial income
Interest income		19	26
Net income from equity instruments		9	3
Other financial income		4	–
Total financial income		32	29

Financial expenses
Interest expenses		10	9
Interest expenses on lease liabilities	18	11	12
Net interest on employee benefits	6	4	5
Increase in present value of provisions	20	8	13
Net losses on foreign exchange		1	2
Other financial expenses		43	30
Total financial expenses		77	71

Financial result		–45	–42

Other financial expenses mainly comprise bank charges including negative interest charges and financial transaction costs. Interest income and interest expense, unless otherwise specified, relate predominately to financial instruments measured at amortized cost.