english - About Heraeus
english - About Heraeus
english - About Heraeus
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(18) Other operating expenses<br />
Other operating expenses comprise the following:<br />
in € million 2012 2011<br />
External services 84.7 64.2<br />
Exchange losses 59.5 95.5<br />
Advertising and representation expenses 59.1 56.8<br />
Repair and maintenance 51.4 49.4<br />
Freight out 34.4 36.6<br />
Expenses from operating leases 28.3 23.1<br />
Legal and advisory fees 16.4 25.6<br />
Office supplies and communications 15.6 14.8<br />
Insurances 10.5 9.8<br />
Commissions 7.9 9.9<br />
Miscellaneous operating expenses 46.8 64.2<br />
Other operating expenses 414.6 449.9<br />
Exchange losses include the effects from the measurement of monetary items as of<br />
the closing or transaction date. The corresponding exchange gains are shown in other<br />
operating income.<br />
Other operating expenses decreased in the past financial year by € 35.3 million to<br />
€ 414.6 million. The decrease is mainly caused by unrealized expenses from the valuation<br />
of financial instruments as of the reporting date that were included here in the<br />
previous year.<br />
(19)<br />
Income from investments accounted for using the equity method<br />
The result from investments at equity breaks down as follows:<br />
in € million 2012 2011<br />
Pro rata share of net income from investments at equity 13.2 17.1<br />
Other investment income – 0.3<br />
Income from investments accounted for using the equity method 13.2 17.4<br />
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