Total depreciation and amortisation costs amounted to €39 million in the quarter, 6% lower compared with last year (Q4 '15: €42 million). Acquisition-related amortisation was €14 million in Q4 '16 (Q4 '15: €13 million).

On a full year basis, acquisition-related amortisation amounted to €55 million in 2016, 6% higher compared with last year (FY '15: €52 million) due to a Telematics acquisition at the end of 2015.

Financial income and expenses

The net interest charge for the quarter was €0.3 million versus a net interest charge of €0.2 million in Q4 '15. The other financial result for the quarter was a loss of €2.0 million (Q4 '15: loss of €2.4 million), which consisted primarily of foreign exchange losses from the revaluation of monetary balance sheet items partially offset by our hedging results.

On a full year basis, the total financial income and expense charge equalled €2.4 million compared with €8.3 million in 2015. The decrease reflects lower foreign exchange loss in 2016 compared with last year.

Income tax

The net income tax for the quarter was a charge of €3.0 million versus a net income tax gain of €23 million in Q4 '15. The income tax for the year was a gain of €4.7 million mainly reflecting a change in the estimated prior years’ taxable income following the finalisation of the tax returns and the remeasurement of deferred tax assets and liabilities to a lower tax rate due to the application of the innovation box facility in the Netherlands.

Net result and adjusted EPS