| Other financial income / expenses |
10. Other financial income / expenses
The following table summarizes other financial income and expense for the years ended December 31, 2019, 2018 and 2017.
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Year ended December 31,
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2019
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2018
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2017
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(Euro, in thousands)
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Other financial income:
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Interest on bank deposit
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€
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14,306
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€
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5,219
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€
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3,045
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Effect of discounting long term R&D incentives receivables
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93
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199
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—
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Currency exchange gain
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850
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11,027
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1,797
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Fair value gain on financial assets held at fair value through profit or loss
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5,355
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1,203
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—
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Fair value gain on current financial investments
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611
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—
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—
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Gain upon sale of financial assets held at fair value through profit or loss
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2
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668
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—
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Other finance income
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264
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19
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34
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Total other financial income
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21,482
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18,335
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4,877
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Other financial expenses:
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Interest expenses
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(1,302)
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(780)
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(936)
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Effect of discounting long term deferred income
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(6,900)
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—
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—
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Currency exchange loss
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(47,769)
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(1,174)
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(29,176)
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Fair value loss on current financial investments
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(3,700)
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—
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—
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Other finance charges
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(400)
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(782)
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(469)
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Total other financial expense
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(60,071)
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(2,737)
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(30,582)
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Total net other financial expense (-)/ income
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€
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(38,589)
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€
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15,598
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€
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(25,705)
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