[11] Other expenses
Other expenses break down as follows:
in € million |
2021 |
2020 |
|---|---|---|
Foreign currency exchange rate losses |
66.6 |
80.9 |
Losses on disposal of non-current assets |
0.8 |
1.9 |
Impairment of non-current assets |
2.3 |
21.6 |
Sundry expenses |
11.7 |
13.3 |
Total other expenses |
81.4 |
117.7 |
In 2021, other expenses fell by €36.3 million year on year to reach €81.4 million.
The decrease was partly due to the reduction in foreign currency exchange rate losses. These are attributable to exchange rate losses arising in the course of the Group companies’ operating activities and to losses on hedges that were entered into in order to hedge currency risk arising from the operating business and are not part of a formally documented hedge (details of the countervailing other income from foreign currency exchange rate gains can be found in note [10]).
Within the higher expenses for impairment of non-current assets recognized in 2020, a figure of €13.6 million had related to other property, plant, and equipment in the Supply Chain Solutions segment, the use of which was customer-specific.