2.6. Changes in presentation of financial data
Compared to the consolidated financial statements for the year ended 31 December 2020, the Group changed the presentation of:
- costs resulting from intermediation in the sale of products spread over time using the effective interest rate by transferring from interest expense to interest income on financial instruments measured at amortised cost
| 12 months ended 31.12.2020 (before change) |
Change | 12 months ended 31.12.2020 (after change) |
|
|---|---|---|---|
| Interest income | 3,602,796 | (29,456) | 3,573,340 |
| Interest expense | (542,726) | 29,456 | (513,270) |
| Net interest income | 3,060,070 | – | 3,060,070 |
The Group considers the presentation changes presented above to better reflect the economic nature of the above items and therefore provide more useful information to the users of the financial statements.