5 – Other Operating Income and Expenses (XLS:) XLS Other operating income (Million €) H1 2020 2019 Income from the adjustment and release of provisions recognized in other operating expenses 6 24 Revenue from miscellaneous activities 114 86 Income from foreign currency and hedging transactions as well as from the measurement of LTI options 119 25 Income from the translation of financial statements in foreign currencies 9 4 Gains on divestitures and the disposal of noncurrent assets 45 359 Reversals of impairment losses on noncurrent assets – 2 Income from the reversal of valuation allowances for business-related receivables 12 10 Other 299 197 Other operating income 604 707 (XLS:) XLS Other operating expenses (Million €) H1 2020 2019 Restructuring and integration measures 223 429 Environmental protection and safety measures, costs of demolition and removal, and project costs not subject to mandatory capitalization 136 131 Depreciation, amortization and impairments of noncurrent assets 130 272 Costs from miscellaneous revenue-generating activities 102 70 Expenses from foreign currency and hedging transactions as well as from the measurement of LTI options 163 118 Losses from the translation of financial statements in foreign currencies 14 9 Losses from divestitures and the disposal of noncurrent assets 22 6 Expenses from the addition of valuation allowances on business-related receivables 38 33 Expenses for derecognition of obsolete inventory 137 91 Other 407 333 Other operating expenses 1,372 1,492 Income from foreign currency and hedging transactions as well as from the measurement of LTI options rose from €25 million in the first half of 2019 to €119 million in the first half of 2020. This was mainly due to higher income from the release of provisions for the long-term incentive program (LTI program). At €45 million, gains on divestitures and the disposal of noncurrent assets in the first half of 2020 were significantly below the figure for the prior-year period. The higher gains in the first half of 2019 resulted from the merger of the paper and water chemicals business with Solenis and the sale of a development project for seed treatment. Other income increased to €299 million (H1 2019: €197 million), mainly as a result of higher gains from precious metal trading. Restructuring expenses in connection with BASF’s excellence program in the first half of 2020 were lower than in the prior-year period. The expenses from the integration of Solvay’s global polyamide business as of January 31, 2020, were lower than the expenses from integration measures in the previous year, which related to the seed and non-selective herbicide businesses acquired from Bayer. The decrease in depreciation, amortization and impairments of noncurrent assets was due among other factors to lower impairments. In the previous year, this included the impairment of a natural gas-based investment on the U.S. Gulf Coast. Expenses from foreign currency and hedging transactions and from the measurement of LTI options rose, mainly as a result of higher losses from the measurement of LTI options. The increase in other expenses was primarily attributable to expenses in connection with the COVID-19 pandemic, in particular BASF’s “Helping Hands” aid campaign. back next