6 – Other Operating Income and Expenses (XLSX:) XLS Other operating income (Million €) H1 2021 2020 Income from the adjustment and release of provisions recognized in other operating expenses 40 6 Revenue from miscellaneous other activities 68 114 Income from foreign currency and hedging transactions as well as from the measurement of LTI options 35 119 Income from the translation of financial statements in foreign currencies 6 9 Gains on divestitures and the disposal of noncurrent assets 148 45 Reversals of impairment losses on noncurrent assets – – Income from the reversal of valuation allowances for business-related receivables 18 12 Other 524 299 Other operating income 839 604 (XLSX:) XLS Other operating expenses (Million €) H1 2021 2020 Restructuring and integration measures 171 223 Environmental protection and safety measures, costs of demolition and removal, and project costs not subject to mandatory capitalization 151 136 Depreciation, amortization and impairments of noncurrent assets and of the disposal group 41 130 Costs from other miscellaneous revenue-generating activities 62 102 Expenses from foreign currency and hedging transactions as well as from the measurement of LTI options 103 163 Losses from the translation of financial statements in foreign currencies 11 14 Losses from divestitures and the disposal of noncurrent assets 5 22 Expenses from the addition of valuation allowances on business-related receivables 28 38 Expenses for derecognition of obsolete inventory 102 137 Other 315 407 Other operating expenses 989 1,372 The decrease in income from foreign currency and hedging transactions as well as from the measurement of LTI options was due to the release of provisions for the long-term incentive (LTI) program in the first half of 2020. The higher gains on divestitures and the disposal of noncurrent assets in the first half of 2021 resulted from the sale of a production site in Kankakee, Illinois, the disposal of the share in the condensate splitter in Port Arthur, Texas, and the disposal of the global pigments business. Other income increased to €524 million in the first half of 2021 due mainly to higher gains on precious metal trading and tax refunds. The higher restructuring expenses in the first half of 2021 were the result of site closures. By contrast, expenses from integration measures for Solvay’s global polyamide business, which was acquired on January 31, 2020, were significantly lower than the corresponding expenses in the prior-year period. The decrease in depreciation, amortization and impairments of noncurrent assets to €26 million in the first half of 2021 was due largely to lower impairments. This figure in the previous year included the impairment of the disposal group of the pigments business. Expenses from foreign currency and hedging transactions and from the measurement of LTI options decreased because of lower losses from foreign currency transactions and lower expenses from the measurement of LTI options. The decline in other expenses was primarily attributable to lower expenses in connection with the coronavirus pandemic, in particular BASF’s “Helping Hands” aid campaign. back next