8  Financial expense

 

1st half-year
2017

 

1st half-year
2016

 

–6.6

 

–14.6

 

–4.7

 

–5.0

 

–3.4

 

–3.3

 

0.3

 

0.4

 

–14.4

 

–22.5

Interest expense for derivatives is in connection with the recycling of hedging reserves, CHF 6.6 million of which was charged to the income statement as non-cash expense in the period under review.