2. Significant Events in the Reporting Period

The political crisis in Ukraine continued in the third quarter of 2015. Due to the crisis, the Ukrainian currency – the hryvnya – depreciated by over 20 % against the euro between 31 December 2014 and the end of September 2015. This resulted in exchange rate effects, which had a negative impact on the HHLA Group’s earnings, net assets and financial position. Equity decreased by € 8.4 million, with no effect on net income, and net interest income declined by € 5.8 million