16. 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.