BMW 2002 Annual Report Download - page 70

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[12]Other operating
income and expenses
in euro million 2002 2001
Income from the release of provisions 237 312
Exchange gains 175 253
Gains on the disposal of non-current assets 21 120
Income from the reversal of write-downs 173 197
Income from non-core business 254 249
Sundry operating income 480 732
Other operating income 1,340 1,863
Expenses from additions to provisions 332 430
Exchange losses 97 174
Expenses for write-downs 695 524
Sundry operating expenses 664 805
Other operating expenses 1,788 1,933
Other operating income and expenses  448 70
Other operating income includes public sector
grants of euro11 million (2001: euro 23 million).
Other operating income in the previous year
included a one-off gain from the sale of land not
required for operational purposes (euro 75 million),
reimbursed value added taxes (euro 62 million) and
gains relating to marketable securities (euro 55 mil-
lion). The lower level of exchange gains on cur-
rency transactions (down by euro 78 million) is
matched by a similar decrease in exchange losses
on currency transactions included in other operating
expenses.
Other operating expenses comprise all expenses
not attributable to functional positions as well as
an insignificant amount of amortisation on goodwill
arising on the consolidation of subsidiaries. In the
previous year, public sector subsidies in the form of
reduced taxes on assets and consumption-based
taxes amounted to euro 24 million.
The increase in expenses for write-downs in-
cluded in other operating expenses is attributable
to the higher level of residual value risks relating to
leasing business. Sundry operating expenses in-
clude an impairment loss of euro16 million (2001:
euro 85 million) recorded on intangible assets, which
is presented in Reconciliations in the segment infor-
mation. In the previous year, this line item also in-
cluded expenses incurred for various restructuring
measures of euro 51 million.