21 Other Financial Result
in € million |
2019 |
2020 |
|---|---|---|
|
|
|
Result from currency translation |
37.2 |
4.8 |
Income from other investments |
11.8 |
13.4 |
Transaction costs |
–22.9 |
–18.9 |
Purchase price liabilities from put options/rights to reimbursement |
–2.1 |
–31.4 |
Miscellaneous other financial result |
– |
–0.5 |
|
24.0 |
–32.6 |
|
|
|
The currency effects relate primarily to the financial relationships with Swedish subsidiaries.
The income from investments includes financial income resulting from the collection of profits from the investment in AVW GmbH & Co. KG, Hamburg, in the amount of € 9.3 million (2019: € 8.2 million) for the previous fiscal year in each case.
It also comprises financial income from investments in other residential real estate companies in the amount of € 2.4 million (2019: € 1.7 million).
The change in the financial result in connection with purchase price liabilities from put options/rights to reimbursement from € -2.1 million in 2019 to € -31.4 million in 2020 is due, in particular, to their measurement at the end of the year. As part of the review and restructuring of relationships with minority shareholders, total purchase price liabilities from put options/rights to reimbursement had risen considerably by the reporting date.