Other financial income / expenses

12 Months Ended

Dec. 31, 2019

Other financial income / expenses

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.

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