The breakdown of other expenses is as follows:
|
Other expenses | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Foreign currency exchange rate losses |
23,277 |
19,467 |
|
Impairment of non-current assets |
21,134 |
27,032 |
|
Losses on disposal of non-current assets |
3,334 |
7,963 |
|
Sundry expenses |
11,785 |
15,581 |
|
Total other expenses |
59,530 |
70,043 |
The change in foreign currency exchange rate gains and losses is attributable to exchange rate movements (see also note [10]). Overall, there was a net gain of €4,569 thousand on derivative financial instruments used to hedge operating exchange-rate risk (2011: net loss of €188 thousand).
The impairment recognised on non-current assets in the reporting year comprised impairment losses of €4,825 thousand on intangible assets (2011: €10,261 thousand) and impairment losses of €16,309 thousand on other property, plant and equipment (2011: €16,771 thousand). It was largely caused by the planned closure of production sites.
