9 – Other operating expenses

Other operating expenses

In EUR mn

 

 

 

2020

2019

Foreign exchange losses from operating activities

135

67

Losses on disposals of businesses, subsidiaries, tangible and intangible assets

8

14

Losses from fair value changes of financial assets

(0)

5

Net impairment losses on financial assets measured at amortized cost

12

33

Personnel reduction schemes

39

26

Research and development expenses

61

49

Residual other operating expenses

134

128

Other operating expenses

389

322

Foreign exchange losses from operating activities in 2020 and 2019 were mainly impacted by development.

Net impairment losses on financial assets measured at amortized cost were mainly related to impairments for receivables in Tunisia amounting to  9 mn (2019: EUR 18 mn). The 2019 impairments were triggered by a reassessment of future production.

The increase in Research and development expenses was largely owing to Borealis group. For further details on the acquisition of additional shares in Borealis AG see Note 3 – Changes in group structure.

Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 36 mn (2019: EUR 44 mn) as well as storage expenses related to Erdöl-Lagergesellschaft m.b.H. in amount of EUR 56 mn (2019: EUR 53 mn).

USD
US dollar
EUR
Euro