16. Financial Result

Financial Result
in € thousand	2016	2015
Earnings from associates accounted for using the equity method	4,677	3,728
Income from exchange rate differences	4,205	13,800
Income from adjustment of settlement obligations to shareholders with non-controlling interests	2,932	804
Interest income from non-affiliated companies and non-consolidated affiliated companies	1,812	1,333
Interest income from bank balances	169	414
Income from interest rate hedges	45	155
Other	0	230
Interest income	9,163	16,736
Interest portion of pension provisions	9,167	7,849
Interest expenses on bank liabilities	7,314	8,710
Expenses from exchange rate differences	6,429	21,761
Interest included in lease payments	5,446	5,550
Interest expenses to non-affiliated companies and non-consolidated affiliated companies	1,655	4,059
Interest portion of other provisions	1,651	1,762
Expenses from interest rate hedges	164	411
Other	1	0
Interest expenses	31,827	50,102
Net interest income	- 22,664	- 33,366
Income from other equity investments	0	944
Other financial result	0	944
	- 17,987	- 28,694

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 € 2,932 thousand (previous year: € 804 thousand).

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