• 3. Special items
• 4. Sales
• 5. Cost of sales
• 6. Cost of materials
• 7. Personnel expenses
• 8. Selling, general and administrative expenses
• 9. Investment gain
• 10. Net interest
• 11. Other financial result
• 12. Taxes
• 13. Earnings per share

10. Net interest

Net interest of -€666 million included interest expenses of €720 million and interest income of €54 million. The main portion of the interest expenses resulted from Fresenius Group’s financial liabilities, which are not recognized at fair value in the consolidated statement of income (see note 31, Financial instruments).