Audi 2014 Annual Report Download - page 239

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
>>
239
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 36.5, “Methods of monitoring the effectiveness of
hedging relationships.
Income from ancillary business includes rental income from
investment property in the amount of EUR 18 (12) million.
Income from the processing of payments in foreign currency
substantially comprises gains resulting from exchange-rate
movements between the dates of output and payment, as well
as exchange-rate gains resulting from measurement on the
closing date. Similarly, exchange rate losses are reported under
other operating expenses.
Furthermore, grants for future-oriented technologies in the
amount of EUR 5 (11) million were recognized in income.
6 /
OTHER OPERATING EXPENSES
EUR million
2014 2013
Expenses from derivative hedging transactions 503 306
Expenses from the processing of payments in foreign currency 189 206
Expenses from the allocation and rebilling of costs 76 102
Impairment losses on receivables 14 16
Losses on disposal of assets 4 6
Miscellaneous operating expenses 284 267
Other operating expenses 1,069 903
Expenses from derivative hedging transactions mainly result
from premiums from contracts for foreign exchange options
and the settlement of currency hedging instruments. The total
position in relation to hedging transactions is presented under
Note 36.5, “Methods of monitoring the effectiveness of hedg-
ing relationships.
7 /
RESULT FROM INVESTMENTS ACCOUNTED FOR
USING THE EQUITY METHOD
The result from investments accounted for using the equity
method amounted to EUR 488 (454) million. Further infor-
mation on investments accounted for using the equity method
is provided in Note 17.
8 /
FINANCE EXPENSES
EUR million
2014 2013
Interest expenses 58 60
Interest effect from the measurement of provisions for pensions 116 108
Interest effect from the measurement of other provisions 113 10
Interest effect from the measurement of liabilities 0 0
Interest effect from compounding 229 98
Finance expenses 287 158
Interest expenses are attributed on an accrual basis.