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11 Financial result

  2010-2011 2009-2010 Change
       
Financial income 7 154 15 606 -8 451
Financial cost -17 896 -24 311 6 415
Financial result -10 742 -8 705 -2 036

The financial result reduced by EUR 2 036.

In the limited consolidation the financial result reduced by EUR 9 913. This is explained mainly by the fact that in the previous year valuation allowances on treasury items were reversed in an amount of EUR 6 170, and gains of EUR 2 611 were recorded on short-term investments. The impact of the majority shareholdings amounts to EUR 7 456.