Audi 2009 Annual Report Download - page 203

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5Other operating income
EUR million 2009 2008
Income from derivative hedging transactions 488 642
Income from rebilling 325 304
Income from the processing of payments in foreign currency 137 171
Income from the dissolution of provisions 125 86
Income from ancillary business 128 122
Income from the disposal of assets 8 5
Income from the reversal of reductions for impairment on receivables and
other assets 2 2
Miscellaneous operating income 261 256
Total other operating income 1,475 1,588
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 0.4 (1.7) 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.
6Other operating expenses
EUR million 2009 2008
Expenses from the processing of payments in foreign currency 122 190
Expenses from derivative hedging transactions 224 160
Expenses from the allocation and recharging of costs 43 47
Impairment losses on receivables 76 30
Losses on the disposal of assets 4 25
Miscellaneous operating expenses 153 170
Total other operating expenses 622 622
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 hedging
relationships.”
7Result from investments accounted for using the equity method
The result from investments accounted for using the equity method reached EUR 110 (57) million.
8Financing costs
EUR million 2009 2008
Interest and similar expenses – 78 – 132
of which to affiliated companies – 73 – 130
Interest expense – 78 – 132
Interest effect from the measurement of provisions for pensions – 111 – 106
Interest effect from the measurement of other provisions – 80 – 55
Interest on provisions – 191 – 161
Financing costs – 269 – 293
Interest income and expense are attributed on an accrual basis.