8 Financial result

In CHF million	Note	2022	2021
Financial income
Interest income		24	19
Net gains on foreign exchange		7	–
Net income from equity instruments		2	9
Other financial income		–	4
Total financial income		33	32

Financial expenses
Interest expenses		13	10
Interest expenses on lease liabilities	18	10	11
Net interest on employee benefits	6	5	4
Increase in present value of provisions	20	9	8
Net losses on foreign exchange		–	1
Other financial expenses		40	43
Total financial expenses		77	77

Financial result		–44	–45

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