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Last Update: 03/12/2009
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Part of the audited Consolidated Financial Statements and Management´s Analysis

6 -- Other operating expenses

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Million €

2008

2007

Restructuring measures

147

119

Environmental protection and safety measures, costs of demolition and removal, and planning expenses related to capital expenditures that are not subject to mandatory capitalization

147

173

Amortization of intangible assets and depreciation
of property, plant and equipment

384

212

Costs from miscellaneous revenue-generating activities

139

126

Expenses from foreign currency and hedging transactions

751

149

Losses from the translation of the financial statements
in foreign currencies

50

40

Losses from the disposal of property, plant and equipment
and divestitures

27

98

Oil and gas exploration expenses

227

268

Expenses from additions to allowances for doubtful
trade receivables

44

66

Other

584

505

 

2,500

1,756

Restructuring measures in 2008 related primarily to expenses for shutdowns and restructuring at several sites in Europe, North America and Asia, in particular in the Intermediates and Coatings divisions. In 2007, expenses related chiefly to impairment losses on property, plant and equipment and integration costs.

Amortization of intangible assets and depreciation of property, plant and equipment in 2008 related among other things to impairment losses in the Coatings, Care Chemicals divisions and in the Styrenics business.

Further expenses were related to demolition and removal measures as well as the preparation of capital expenditure projects to the extent that they were not subject to mandatory capitalization according to IFRS.

Costs from miscellaneous revenue-generating activities refer to costs related to the items shown as miscellaneous revenue-generating activities.
More information can be found in Note 5

Expenses from foreign currency and hedging transactions related to foreign currency transactions, the measurement of receivables and payables in foreign currencies, currency derivatives as well as other hedging transactions with market values.

Other expenses were incurred as a result of write off of obsolete inventory in 2008 of €116 million (2007: €91 million). In addition, there were losses resulting from numerous other items.

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