Consolidated Financial Statements
Other operating income in the years ending on 31 December 2015 and 2014 are broken down as follows:
Other operating income
2015
2014
Supplementary income
(1)
1.962.398
1.778.452
Operating grants
155.530
167.883
Impairment adjustments reversion
70.532
43.444
Investment grants
34.317
90.682
Gains in fixed assets
250
85.051
Other operating gains
8.747
7.400
2.231.774
2.172.911
(1) Mainly revenues related to contracts with suppliers.
27. NET FINANCING COST
Net financing cost in the years ending on 31
st
December 2015 and 2014 are broken down as follows:
2015
2014
Interest paid
1.261.542
1.469.109
Interest earned
-72.663
-93.348
Currency exchange differences
(1)
2.366.406
-130.457
Payment discounts obtained
-9.321
-6.364
Other financial costs and income
733.787
601.513
4.279.751
1.840.453
(1) The devaluation of Kwanza (AOA) against major currencies, with particular emphasis on the USD led to potential unfavorable exchange rate differences in Angola
for updating assets and liabilities in foreign currency.
The detail of other financial costs and income, is presented as follows:
2015
2014
Bank services
313.533
250.483
Financial instruments - cash flow hedge (Nota 20)
-35.418
78.826
Commercial paper programmes charges
238.408
263.895
Other commissions
(1)
218.320
9.041
Other financial cost and gains
-1.056
-731
733.787
601.513
(1) Amount related mainly to guarantees bank charges and financing charges of the subsidiary Ibersol Angola.
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