Merck 2008 Annual Report Download - page 96
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Other operating income mainly includes income from ancillary business such as rental
and leasing agremeents, as well as payments from third parties for services performed
and compensation payments.
Other operating expenses comprise the following:
2008 2007€ million
Restructuring and Serono integration costs –27.0 –181.8
Project costs –58.0 –44.4
Bonuses, fees and contributions –47.9 –36.0
Litigation –24.2 –33.0
Impairment losses –10.5 –73.2
Losses on disposals of assets –10.9 –7.9
Write-downs of receivables –4.9 –10.0
Special environmental protection costs –4.9 –5.3
Other operating expenses –79.8 –84.7
–268.1 –476.3
Project costs relate mainly to the costs incurred in connection with Group-wide IT
projects. These include, for example, projects to harmonize IT applications and infra-
structure throughout the Group. Other operating expenses also include expenses for
services performed for third parties as well as costs of ancillary businesses and clear-
ing balances.
[7] Research and development
Reimbursements for R & D amounting to € 20.1 million (2007: € 19.2 million) were
offset against research and development costs.
[8] Amortization of intangible assets
This item primarily comprises amortization of intangible assets in connection with
the allocation of the Serono purchase price.
[9] Investment result
€ million 2008 2007
Dividend income from associates 0.2 0.2
Other investment income/expenses –0.1 0.1
0.1 0.3
72 Income Statement
73 Balance Sheet
74 Segment Reporting
CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCK GROUP
76 Cash Flow Statement
77 Free Cash Flow
77 Statement of Recognized
Income and Expense
78 Statement of Changes
in Net Equity including
Minority Interest
79 Notes
91