12. Net financial income (borrowing costs) €/000 (17,111)

The balance of financial income (borrowing costs) for the first half of 2013 was negative by €/000 17,111, registering a decrease compared to the figure of €/000 17,900 for the same period of the previous year. This decrease was due to the capitalisation of € 2.4 million in application of IAS 23 and to the reduction in the cost of funding, which offset the negative effects arising from the increase in debt and currency management.