16. Financial Result

Financial Result

in € thousand

 

2017

 

2016

Earnings from associates accounted for using the equity method

 

4,778

 

4,677

Income from exchange rate differences

 

3,256

 

4,205

Interest income from non-affiliated companies and non-consolidated affiliated companies

 

1,330

 

1,812

Interest income from bank balances

 

63

 

169

Income from adjustment of settlement obligations to shareholders with non-controlling interests

 

0

 

2,932

Income from interest rate hedges

 

0

 

45

Interest income

 

4,649

 

9,163

Expenses from the adjustment of settlement obligations to shareholders with non-controlling interests

 

12,855

 

0

Interest portion of pension provisions

 

6,340

 

9,167

Interest expenses on bank liabilities

 

6,064

 

7,314

Interest included in lease payments

 

5,383

 

5,446

Interest expenses to non-affiliated companies and non-consolidated affiliated companies

 

1,747

 

1,655

Interest portion of other provisions

 

1,631

 

1,651

Expenses from exchange rate differences

 

1,304

 

6,429

Expenses from interest rate hedges

 

0

 

164

Other

 

0

 

1

Interest expenses

 

35,324

 

31,827

Net interest income

 

- 30,675

 

- 22,664

Income from other equity investments

 

0

 

0

Other financial result

 

0

 

0

 

 

- 25,897

 

- 17,987

Earnings from companies accounted for using the equity method relate to the pro rata annual earnings of the joint ventures and associates, see also Note 25.

Income and expenses from exchange rate differences in the reporting period are mainly due to the performance of the Czech koruna and the Ukrainian hryvnia.

Please refer to Note 6 for details of expenses from the adjustment of settlement obligations to non-controlling interests, which totalled € 12,855 thousand (previous year: income of € 2,932 thousand).

See Note 38 for information about the interest expenses associated with amounts due to banks.