The breakdown of other expenses is as follows:
|
Other expenses | ||
|
€ thousand |
2011 |
2010 |
|
|
|
|
|
Impairment of non-current assets |
27,032 |
8,522 |
|
Foreign currency exchange rate losses |
19,467 |
16,949 |
|
Losses on disposal of property, plant and equipment |
7,963 |
5,966 |
|
Sundry other expenses |
15,581 |
14,442 |
|
Total other expenses |
70,043 |
45,879 |
The impairment recognised on non-current assets in the reporting year comprised impairment losses of €10,261 thousand on intangible assets (2010: €8,464 thousand) and impairment of €16,771 thousand on other property, plant and equipment (2010: €58 thousand). The loss was largely caused by the planned transfer of production.
Gains and losses on foreign currency exchange rate differences (gains are presented in Other income) include losses of €188 thousand on derivative financial instruments used to hedge exchange-rate risk resulting from our operations (2010: €3,947 thousand). These losses on derivatives are offset by gains on the currency translation of the corresponding underlying transactions.
