Audi 2008 Annual Report Download - page 209

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5 Other operating income
EUR million 2008 2007
Income from derivative hedging transactions 642 359
Income from rebilling 304 402
Income from the processing of payments in foreign currency 171 56
Income from the release of provisions and accruals 163 142
Income from ancillary business 122 107
Income from the disposal of assets 5 8
Income from the reversal of reductions for impairment on receivables and
other assets 2 7
Miscellaneous operating income 179 185
Total other operating income 1,588 1,266
Income from derivative hedging transactions mainly results from the settlement of currency
hedging instruments. The total position in relation to hedging transactions is presented under
Note 34.4, “Methods of monitoring the effectiveness of hedging relationships.”
Income from ancillary business includes rental income from investment property in the amount
of EUR 2 (2) million.
Income from the processing of payments in foreign currency substantially comprises gains re-
sulting from exchange-rate movements between the dates of output and payment, as well as
exchange-rate gains resulting from measurement at the mean of the buying and selling rate on
the closing date. Similarly, exchange rate losses are reported under other operating expenses.
6 Other operating expenses
EUR million 2008 2007
Expenses from the processing of payments in foreign currency 190 91
Expenses from derivative hedging transactions 160 230
Expenses from the allocation and recharging of costs 47 58
Impairment losses on receivables 30 14
Losses on the disposal of assets 25 11
Miscellaneous operating expenses 170 293
Total other operating expenses 622 697
Expenses from derivative hedging transactions mainly result from currency option premiums
and the settlement of currency hedging instruments. The total position in relation to hedging
transactions is presented under Note 34.4, “Methods of monitoring the effectiveness of hedg-
ing relationships.”
7 Result from investments accounted for using the equity method
EUR million 2008 2007
Income from investments accounted for using the equity method 57 48
Expenses from investments accounted for using the equity method – – 1
Result from investments accounted for using the equity method 57 47