Table:
|  | 2019 | 2018 | 2017 |
| --- | --- | --- | --- |
|  | €m | €m | €m |
| Investment income: |  |  |  |
| Amortised cost | 286 | 339 | 426 |
| Fair value through profit and loss | 147 | 24 | 20 |
| Foreign exchange | – | 322 | 28 |
|  | 433 | 685 | 474 |
| Financing costs: |  |  |  |
| Items in hedge relationships: |  |  |  |
| Other loans | 17 | 74 | 170 |
| Interest rate and cross-currency interest rate swaps | (414) | (128) | (235) |
| Fair value hedging instrument | (8) | 48 | 22 |
| Fair value of hedged item | 10 | (36) | (16) |
| Other financial liabilities held at amortised cost: |  |  |  |
| Bank loans and overdrafts | 336 | 317 | 419 |
| Bonds and other liabilities1 | 1,567 | 885 | 1,243 |
| Interest (credit)/charge on settlement of tax issues | (1) | (11) | 47 |
| Fair value through profit and loss: |  |  |  |
| Derivatives – options, forward starting swaps and futures | 391 | (75) | (244) |
| Foreign exchange | 190 | – | – |
|  | 2,088 | 1,074 | 1,406 |
| Net financing costs | 1,655 | 389 | 932 |
Paragraphs:
5. Investment income and financing costs
Investment income comprises interest received from short-term investments and other receivables as well as certain foreign exchange movements. Financing costs mainly arise from interest due on bonds and commercial paper issued, bank loans and the results of hedging transactions used to manage foreign exchange and interest rate movements
Note: 1 Includes €305 million (2018: €187 million; 2017: €272 million) of interest on foreign exchange derivatives.
Question:
What does investment income comprise of?
Answer: interest received from short-term investments and other receivables as well as certain foreign exchange movements