10.Other Operating Expenses
Other operating expenses were comprised as shown in the following table:
|
|
|
|
|
|
|
2019 |
|
2020 |
|---|---|---|---|---|
|
|
€ million |
|
€ million |
Losses on retirements of noncurrent assets |
|
(7) |
|
(12) |
Impairment losses on receivables |
|
(7) |
|
(7) |
Losses from derivatives |
|
(5) |
|
(3) |
Miscellaneous operating expenses |
|
(46) |
|
(77) |
Total |
|
(65) |
|
(99) |
The losses from derivatives resulted from embedded derivatives in fiscal 2020. In fiscal 2019, the losses resulted from embedded derivatives as well as currency hedging transactions.
Miscellaneous operating expenses in fiscal 2020 largely comprised nonrecurring expenses of €32 million in connection with the planned acquisition of the Resins & Functional Materials (RFM) business from Koninklijke DSM N.V., Heerlen (Netherlands), and insurance expenses of €20 million (previous year: €13 million).