6. Other operating expenses
€ million |
|
2023 |
|
20221 |
||||
|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
||||
Loss allowances on trade receivables |
|
558 |
|
345 |
||||
Loss allowances on other receivables and other assets |
|
2,051 |
|
2,756 |
||||
Expenses from derivatives within hedge accounting |
|
754 |
|
971 |
||||
Expenses from derivatives not within hedge accounting Financial Services |
|
1,221 |
|
1,309 |
||||
Expenses from other hedges |
|
4,857 |
|
2,417 |
||||
Foreign exchange losses |
|
3,793 |
|
3,762 |
||||
Expenses from cost allocations |
|
1,113 |
|
833 |
||||
Expenses for termination agreements |
|
62 |
|
280 |
||||
Losses on disposal of noncurrent assets |
|
406 |
|
321 |
||||
Miscellaneous other operating expenses |
|
4,719 |
|
4,820 |
||||
|
|
19,534 |
|
17,813 |
||||
|
||||||||
Allowances on other receivables and other assets include allowances on receivables from long-term construction contracts amounting to €2.1 million (previous year: €0.3 million). In the previous year, allowances on other receivables and other assets also included expenses incurred in connection with the Russia-Ukraine conflict (see “Key events” section).
Expenses from other hedges include primarily losses from the fair value measurement and realization of derivative financial instruments used to hedge exchange rates and commodity prices in the Automotive Division that are not designated in a hedging relationship. Gains are included in other operating income.