|
|
|
|
|
€ million |
|
2016 |
|
2015 |
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
Proceeds from deliveries of products and merchandise |
|
5,347.6 |
|
5,239.1 |
Proceeds from other services |
|
56.6 |
|
57.1 |
Total |
|
5,404.2 |
|
5,296.2 |
|
|
|
|
|
Cost of goods sold |
|
-4,413.5 |
|
-4,167.1 |
Cost of goods sold includes the following reversals (+) / recognitions (–) of valuation allowances of inventories |
|
-21.5 |
|
1.6 |
|
|
|
|
|
Other operating income |
|
|
|
|
Income from currency transactions |
|
99.8 |
|
196.2 |
Income from reversal of provisions |
|
9.0 |
|
3.5 |
Insurance compensation |
|
6.0 |
|
2.7 |
Income from reversal of valuation allowances for receivables |
|
1.1 |
|
1.7 |
Income from disposal of property, plant and equipment and financial assets |
|
6.6 |
|
3.3 |
Income from the appreciation of noncurrent assets |
|
– |
|
0.5 |
Income from incentives / grants |
|
1.8 |
|
2.6 |
Income from changes in the scope of consolidation |
|
10.0 |
|
– |
Income from the termination of long-term supply contractsand damages received |
|
20.3 |
|
137.6 |
Other operating income |
|
39.7 |
|
29.3 |
Total |
|
194.3 |
|
377.4 |
|
|
|
|
|
Other operating expenses |
|
|
|
|
Losses from currency transactions |
|
-117.3 |
|
-265.3 |
Losses from valuation allowances for receivables |
|
-0.3 |
|
-0.5 |
Losses from disposal of assets |
|
-2.6 |
|
-3.1 |
Losses from impairment of fixed assets |
|
-3.4 |
|
-0.1 |
Other operating expenses |
|
-44.0 |
|
-143.7 |
Total |
|
-167.6 |
|
-412.7 |
|
|
|
|
|
The increase in valuation allowances of inventories results from writing down the high production costs incurred during the start-up phase of the polysilicon facilities in Charleston, Tennessee.
Income from the termination of long-term supply contracts and from the retention of advance payments relates in both 2016 and 2015 to advance payments retained and damages received from terminated or restructured contracts with polysilicon customers.
Other operating expenses of the prior year mainly comprise uncapitalized costs relating to the construction of polysilicon facilities in Charleston.