5 – Other operating income and expenses (XLS:) Download Other operating income (million €) 1st half 2018 2017 Income from the adjustment and release of provisions recognized in other operating expenses 26 26 Revenue from miscellaneous activities 81 92 Gains from foreign currency and hedging transactions as well as the valuation of LTI options 260 205 Gains from the translation of financial statements in foreign currencies 7 14 Gains on divestitures and the disposal of fixed assets 70 42 Income on the reversal of valuation allowances for business-related receivables 31 22 Other 793 507 Other operating income 1,268 908 (XLS:) Download Other operating expenses (million €) 1st half 2018 2017 Restructuring measures 173 163 Environmental protection and safety measures, costs of demolition and removal, and project costs not subject to mandatory capitalization 177 195 Amortization, depreciation and impairments of intangible assets and property, plant and equipment 30 128 Costs from miscellaneous activities 74 89 Losses from foreign currency and hedging transactions as well as from the valuation of LTI options 607 134 Losses from the translation of financial statements in foreign currencies 28 27 Losses from the disposal of fixed assets and divestitures 13 32 Oil and gas exploration expenses 28 24 Expenses from the addition of valuation allowances for business-related receivables 38 32 Expenses from the use of inventories measured at fair value and the derecognition of obsolete inventory 92 86 Other 332 371 Other operating expenses 1,592 1,281 Other income rose year on year, mainly due to positive measurement effects from current assets held for arbitrage purposes as well as an increase in insurance refunds. The net result from foreign currency and hedging transactions and from the valuation of LTI options declined by €418 million, from €71 million in the first half of 2017 to minus €347 million in the first half of 2018. This was mostly the result of negative valuation effects for derivatives used to hedge current assets held for arbitrage purposes. Lower net losses from foreign currency transactions partially offset the decline in income from the release of LTI provisions. The increase in gains on divestitures and the disposal of fixed assets in the first half of 2018 was mainly attributable to disposal gains from the sale of shares in the Aguada Pichana Este concession in Neuquen, Argentina, as well as the sale of the production site for styrene butadiene-based paper dispersions in Pischelsdorf, Austria. The decrease in amortization, depreciation and impairments of intangible assets and property, plant and equipment was due to higher impairment losses in the prior-year period, especially in the Oil & Gas segment. back next
