10. Finance Income and Costs

in thousands of EUR

2016

2015

Finance costs

- Bank borrowings

- 10,108

-12,622

- Result on interest derivatives

- 2,652

-4,269

- Commitment and utilisation fee

- 2,587

-3,275

- Other

- 3,146

-2,177

Total finance costs

- 18,493

-22,343

Finance income

- Interest income

7,935

3,938

- Interest loans to management

344

542

- Interest deposits

585

369

Total finance income

8,864

4,849

Net foreign exchange results

- 785

-1,654

Net financial result

- 10,414

-19,148

Finance costs from bank borrowings and interest income include, respectively, the cost and income related to balances held in the Group's cash pool.

There has not been any ineffectiveness on the cash flow hedges in 2016 and 2015.