16. Financial result
in € thousand |
2019 |
2018 |
||
|---|---|---|---|---|
Earnings from associates accounted for using the equity method |
4,458 |
5,347 |
||
Interest income from non-affiliated companies and non-consolidated affiliated companies |
1,485 |
1,228 |
||
Income from currency hedging instruments at fair value |
705 |
0 |
||
Income from exchange rate differences |
606 |
837 |
||
Interest income from bank balances |
90 |
63 |
||
Interest income |
2,886 |
2,128 |
||
Interest included in lease payments |
22,016 |
5,336 |
||
Interest portion of pension provisions |
7,158 |
6,512 |
||
Interest expenses on bank liabilities |
6,253 |
5,312 |
||
Expenses from the adjustment of settlement obligations to shareholders with non-controlling interests |
2,525 |
6,036 |
||
Interest expenses to non-affiliated companies and non-consolidated affiliated companies |
1,836 |
1,310 |
||
Interest portion of other provisions |
1,826 |
1,789 |
||
Expenses from exchange rate differences |
845 |
947 |
||
Expenses from currency hedging instruments at fair value |
0 |
869 |
||
Interest expenses |
42,459 |
28,111 |
||
Net interest income |
- 39,573 |
- 25,983 |
||
Income from other equity investments |
0 |
0 |
||
Other financial result |
0 |
0 |
||
|
- 35,115 |
- 20,636 |
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.
The increase in the interest included in lease payments results from the application of IFRS 16 from 1 January 2019 onwards.
See Note 38 for information about the interest expenses associated with liabilities to banks.
For information on expenses from the adjustment of settlement obligations to shareholders with non-controlling interests, see Note 6.
International financial reporting standards.