01 Sales / Cost of Goods Sold / Other Operating Income / Other Operating Expenses

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€ million

  

2014

  

2013

 

  

 

  

 

Sales

  

 

  

 

Proceeds from deliveries of products and merchandise

  

4,752.4

  

4,392.1

Proceeds from other services

  

74.0

  

86.8

Total

  

4,826.4

  

4,478.9

 

  

 

  

 

Cost of goods sold

  

-3,982.2

  

-3,815.4

Cost of goods sold includes the following reversals (+) / recognitions (−) of impairments of inventories

  

-5.6

  

11.5

 

  

 

  

 

Other operating income

  

 

  

 

Income from currency transactions

  

113.3

  

103.8

Income from reversal of provisions

  

3.4

  

14.3

Insurance compensation

  

4.9

  

2.1

Income from reversal of valuation allowances for receivables

  

1.0

  

0.8

Income from disposal of property, plant and equipment and financial assets

  

1.1

  

9.9

Income from incentives / grants

  

4.2

  

7.9

Income related to the termination of long-term supply contracts and to the retention of advance payments

  

211.9

  

91.9

Other operating income

  

25.3

  

23.8

Total

  

365.1

  

254.5

 

  

 

  

 

Other operating expenses

  

 

  

 

Losses from currency transactions

  

-96,2

  

-106,6

Losses from valuation allowances for receivables

  

-2.3

  

-1.7

Losses from disposal of assets

  

-10.6

  

-9.9

Losses from impairment of intangible assets, property, plant and equipment

  

-9.5

  

-37.0

Losses from restructuring measures

  

–

  

-3.9

Other operating expenses

  

-63.0

  

-51.1

Total

  

-181.6

  

-210.2

 

  

 

  

 

In fiscal 2014, impairments amounting to € 9.5 million (2013: € 37.0 million) were recognized. These are attributable in their entirety to the Siltronic division (2013: € 34.8 million), which mainly wrote down unused noncurrent assets.

In 2014, income from the retention of advanced payments comprised in particular the advance payments retained and damages received in connection with terminated and restructured contracts with polysilicon customers.

In 2013, the losses from restructuring measures related to the Siltronic division.

Other operating expenses mainly comprise costs – which cannot be capitalized – in relation to the construction of polysilicon facilities in the US.