7.Other Operating Income
Other operating income was comprised as shown in the following table:
|
|
|
||
|
2018 |
2019 |
||
|
€ million |
€ million |
||
Gains on retirements of noncurrent assets |
54 |
6 |
||
Gains from derivatives |
5 |
2 |
||
Reversals of impairment losses on receivables |
5 |
7 |
||
Reversals of unutilized provisions |
2 |
2 |
||
Miscellaneous operating income |
57 |
164 |
||
Total |
123 |
181 |
Gains from derivatives in fiscal years 2018 and 2019 resulted from embedded derivatives.
Miscellaneous operating income for the reporting period primarily included insurance reimbursements amounting to €63 million (previous year: €29 million) and €34 million from the sale of the European systems house business in the Polyurethanes segment to H.I.G. Capital, Miami (United States). Furthermore, shares in DIC Covestro Polymer Ltd., Tokyo (Japan), previously accounted for using the equity method, were remeasured at fair value in connection with the gradual share increase of the holding from 50% to 80%, resulting in income of €19 million.
See section 5.2 “Acquisitions and divestitures” for further information.