14. Finance income and finance costs
Back to the list| 2012 RUB Million |
2011 RUB Million |
|
|---|---|---|
| Interest income | 1,071 | 819 |
| Gain on revaluation of derivative financial instruments | 679 | — |
| Dividend income | 10 | 5 |
| Other finance income | 310 | — |
| Finance income | 2,070 | 824 |
| Interest expense | (1,193) | (883) |
| Loss on revaluation of derivative financial instruments | — | (446) |
| Other finance costs | (257) | — |
| Finance costs | (1,450) | (1,329) |
| Net finance income/(costs) | 620 | (505) |
In May 2012, OJSC “Apatit” filed a claim against the tax authorities of Murmansk region for a compensation of interest on excessive tax payments for 2001 and 2003 tax years in the amount of RUB 350 million. In October 2012, the parties reached an out-of-court agreement according to which the tax authorities agreed to repay RUB 310 million. The amount of tax asset was recognised in these consolidated financial statements as other finance income. The cash was received in October 2012.
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