02 Cost of Goods Sold / Other Operating Income / Other Operating Expenses
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€ million |
2018 |
2017 |
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Cost of goods sold |
-4,104.1 |
-3,969.8 |
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Cost of goods sold includes the following reversals (+) / recognitions (-) of valuation allowances of inventories |
-91.3 |
14.1 |
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Other operating income |
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Income from currency transactions |
41.3 |
30.9 |
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Income from reversal of provisions |
7.2 |
9.8 |
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Insurance compensation |
2.3 |
1.0 |
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Income from reversal of valuation allowances for trade receivables |
0.1 |
1.3 |
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Income from disposal of property, plant and equipment and financial assets |
0.9 |
3.0 |
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Income from incentives / grants |
0.9 |
5.2 |
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Other operating income |
43.3 |
33.0 |
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Total |
96.0 |
84.2 |
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Other operating expenses |
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Losses from currency transactions |
-48.2 |
-40.6 |
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Losses from valuation allowances for trade receivables |
-1.1 |
-0.9 |
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Losses from disposal of assets |
-4.6 |
-6.0 |
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Losses from impairment of fixed assets |
-1.4 |
– |
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Other operating expenses |
-29.7 |
-17.3 |
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Total |
-85.0 |
-64.8 |
The business-interruption costs and production ramp-up costs at the Charleston, Tennessee site in 2018 were recognized under cost of goods sold.