16. Financial Result

Financial Result
in € thousand	2015	2014
Earnings from associates accounted for using the equity method	3,728	5,260
Income from exchange rate differences	13,800	11,104
Interest income from non-affiliated companies and non-consolidated affiliated companies	1,333	1,013
Income from adjustment of settlement obligations to shareholders with non-controlling interests	804	0
Interest income from bank balances	414	663
Interest income from plan assets for working lifetime accounts	230	435
Income from interest rate hedges	155	246
Interest income	16,736	13,461
Expenses from exchange rate differences	21,761	21,937
Interest expenses on bank borrowing	8,710	8,059
Interest portion of pension provisions	7,849	12,836
Interest included in lease payments	5,550	4,956
Interest expenses to non-affiliated companies and non-consolidated affiliated companies	4,059	5,418
Interest portion of other provisions	1,762	2,131
Expenses from interest rate hedges	411	549
Expenses from the adjustment of settlement obligations to shareholders with non-controlling interests	0	2,571
Interest expenses	50,102	58,459
Net interest income	- 33,366	- 44,998
Income from other equity investments	944	544
Other financial result	944	544
	- 28,694	- 39,194

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 both the reporting period and the previous year are mainly due to the performance of the Ukrainian hryvnia.

Please refer to Note 6 for details of income from the adjustment of settlement obligations to non-controlling interests, which totalled € 804 thousand (previous year: expenses of € 2,571 thousand).