Income Statement Disclosures

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17. Interest Result

Breakdown of Interest Result
in million € 20172016
Interest and similar income12.658.6
Interest income from taxes5.912.5
Interest income from financing activities2.62.1
Other interest income4.144.0
Interest and similar expenses-52.1-73.4
Interest expense from finance leases-15.7-7.1
Interest expense from financing activities-15.1-17.7
Interest expense from additions to defined-benefit pension provisions-10.4-14.0
Interest expense from taxes-3.0-27.5
Interest expense from discounting assets and compounding liabilities-2.4-2.1
Interest expense from derivative financial instruments-0.5-0.6
Other interest expense-5.0-4.4
Total-39.5-14.8

The net interest result fell year on year by a total of 24.7 million euros. 

Interest income from taxes declined by 6.6 million euros. It relates primarily to interest on corporate income tax, trade tax and VAT reimbursement claims as well as income from the reversal of provisions for interest on tax audit risks.

The decline in other interest income resulted primarily from non-recurring income from central settlement in the previous year. 

The interest expenses in relation to finance leases were attributable mainly to an increase in finance leases in the Retail Germany business segment.

The decline in interest expenses from financing activities by 2.6 million euros resulted mainly from the decrease in annual average indebtedness. 

The net interest expense from defined benefit pension plans essentially resulted from the compounding of obligations for pensions and similar post-employment obligations. For the changes in the measurement parameters and of the net interest expense from defined benefit pension plans, see note 33 "Employee Benefits".

The 24.5 million euro decrease in interest expenses relating to taxes was attributable mainly to decreased interest on trade tax arrears.