16. Financial result

Financial result

in € thousand

 

2018

 

2017

Earnings from associates accounted for using the equity method

 

5,347

 

4,778

Interest income from non-affiliated companies and non-consolidated affiliated companies

 

1,228

 

1,330

Income from exchange rate differences

 

837

 

3,256

Interest income from bank balances

 

63

 

63

Interest income

 

2,128

 

4,649

Interest portion of pension provisions

 

6,512

 

6,340

Expenses from the adjustment of settlement obligations to shareholders with non-controlling interests

 

6,036

 

12,855

Interest included in lease payments

 

5,336

 

5,383

Interest expenses on bank liabilities

 

5,312

 

6,064

Interest portion of other provisions

 

1,789

 

1,631

Interest expenses to non-affiliated companies and non-consolidated affiliated companies

 

1,310

 

1,747

Expenses from exchange rate differences

 

947

 

1,304

Expenses from currency hedging instruments at fair value

 

869

 

0

Interest expenses

 

28,111

 

35,324

Net interest income

 

- 25,983

 

- 30,675

Income from other equity investments

 

0

 

0

Other financial result

 

0

 

0

 

 

- 20,636

 

- 25,897

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 Ukrainian hryvnia.

Please refer to Note 6 for details of expenses from the adjustment of settlement obligations to non-controlling interests, which totalled € 6,036 thousand (previous year: € 12,855 thousand).

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