As of February 22, 2018, our founders, Daniel Ek and Martin Lorentzon, beneficially owned or controlled, directly or indirectly, ordinary shares and beneficiary certificates representing 37.3% and 43.1% of the combined voting power of all of our outstanding voting securities, respectively (or 80.4% in the aggregate).
For the three months ended March 31, 2018 compared to the three months ended March 31, 2017 , finance income decreased by €12 million. The decrease in finance income was due primarily to a decrease in fair value gains on our contingent options of €21 million. This was partially offset by an increase in fair value gains on our non-designated hedges of €8 million.
Finance income
(in € millions, except percentages)