Audi 2015 Annual Report Download - page 241

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE INCOME STATEMENT
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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 20 (18) million.
Income from the processing of payments in foreign currency
largely comprises gains resulting from exchange-rate move-
ments between the dates of output and payment, as well as
exchange-rate gains resulting from measurement on the clos-
ing date. Similarly, exchange rate losses are reported under
other operating expenses.
6 / OTHER OPERATING EXPENSES
EUR million 2015 2014
Expenses from derivative hedging transactions 2,245 503
Expenses from the processing of payments in foreign currency 460 189
Expenses from the allocation and rebilling of costs 123 76
Impairment losses on receivables 18 14
Losses on disposal of assets 13 4
Miscellaneous operating expenses 410 284
Other operating expenses 3,269 1,069
Expenses 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.”
7 / RESULT FROM INVESTMENTS ACCOUNTED FOR
USING THE EQUITY METHOD
The result from investments accounted for using the equity
method amounted to EUR 451 (488) million. Further infor-
mation on investments accounted for using the equity method
is provided in Note 17.
8 / FINANCE EXPENSES
EUR million 2015 2014
Interest expense 62 58
Interest effect from the measurement of provisions for pensions 104 116
Interest effect from the measurement of other provisions – 12 113
Interest effect from the measurement of liabilities 0 0
Interest effect from compounding 93 229
Finance expenses 155 287
Interest expenses are attributed on an accrual basis.