9 Interest Expense
|
June 30, 2024 |
June 30, 2023 |
|
|
Interest on debentures and notes in hedge accounting |
-66,523 |
-46,978 |
|
Interest on debentures and notes not in hedge accounting |
-43,672 |
-28,811 |
|
Total interest expense from financial instruments measured at AC |
-110,195 |
-75,789 |
|
Interest on derivatives related to funding portfolio |
-50,757 |
-67,790 |
|
Total interest expense from financial instruments measured at FVPL |
-50,757 |
-67,790 |
|
Interest on leases |
-50 |
-66 |
|
Other interest expenses |
-50 |
-66 |
|
Total interest expense |
-161,002 |
-143,645 |
Interest expense increased due to increases in the reference rates on FMO's variable rate funding portfolio.