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Finance income and costs
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Finance income and costs
8.
Finance income and costs
Recognized in the statement of profit or loss:
 
   
2019
   
2018
   
2017
 
Interest income
   288,010    395,045    278,599 
Net fair value gains on derivative financial instruments and interest
 (*)
   —      654,933    317,542 
Cash flow hedges – reclassified to profit or loss
 (*
)
   —      568,370    —   
Other
   9,440    58,766    1,105 
  
 
 
   
 
 
   
 
 
 
Finance income
  
 
297,450
 
  
 
1,677,114
 
  
 
597,246
 
  
 
 
   
 
 
   
 
 
 
Net foreign exchange losses
   (1,039,618)    (2,695,045)    (718,501) 
Net interest expenses for financial assets and liabilities measured at amortized cost
   (864,492)    (552,101)    (193,311) 
Net fair value losses on derivative financial instruments and interest
 (*)
   (550,438)    —      —   
Cash flow hedges – reclassified to profit or loss
 (*)
   461,133    —      —   
Other
   (31,703)    (116,926)    (8,300) 
  
 
 
   
 
 
   
 
 
 
Finance costs
  
 
(2,025,118
) 
  
 
(3,364,072
) 
  
 
(920,112
) 
  
 
 
   
 
 
   
 
 
 
Net finance costs
  
 
(1,727,668
) 
  
 
(1,686,958
) 
  
 
(322,866
) 
  
 
 
   
 
 
   
 
 
 
 
 
(*)
Interest expense/income and fair value of derivative financial instruments are shown netted off in the consolidated statement of profit or loss.
Finance incomes for the years ended 31 December 2019, are mainly attributable to interest income on bank deposits.
Finance income for the years ended 31 December 2018 and 2017 are mainly attributable to interest income on contracted handset sales, changes in fair value of derivative financial instruments, interest income on bank deposits and cash flow hedge.
Net foreign exchange losses mainly include foreign exchange losses on borrowings, bonds issued and cash and cash equivalents.
Finance costs for year ended 31 December 2019, 2018 and 2017 are mainly attributable to the financing costs of borrowings, foreign exchange losses from operating and financing activities.
 
Foreign exchange losses from Belarusian Telecom and lifecell exclude foreign exchange losses incurred in the foreign operations’ individual financial statements, which have been recognized directly in equity under foreign currency translation reserve in the consolidated financial statements in accordance with the accounting policy for net investment in foreign operations as disclosed in Note 2c.