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Results

9 – Other operating expenses

Other operating expenses

In EUR mn

 

 

 

2022

2021

Foreign exchange losses from operating activities

268

121

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

685

48

Losses from fair value changes of financial assets

432

317

Net impairment losses on financial assets measured at amortized cost

43

9

Personnel reduction schemes

3

22

Research and development expenses

65

58

Residual other operating expenses

142

113

Other operating expenses

1,639

688

Foreign exchange losses from operating activities in 2022 and 2021 were mainly impacted by USD foreign exchange rate development.

Losses on disposals of businesses, subsidiaries, tangible and intangible assets contained mostly losses from deconsolidation of the Russian entities in the amount of EUR 658 mn. For further details see Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

Losses from fair value changes of financial assets contained losses related to asset from reserves redetermination rights with respect to the acquisition of interests in the Yuzhno Russkoye field. For further details see Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’. In 2021, these losses related to fair value adjustments of asset from reserves redetermination rights with respect to Yuzhno Russkoye field (EUR 256 mn) and financial assets from the reassessment of contingent consideration from the divestment of the 30% stake in Rosebank and OMV (U.K.) Limited (EUR 61 mn).

Net impairment losses on financial assets measured at amortized cost were mainly related to impairments of receivables in Tunisia amounting to EUR 20 mn (2021: EUR 9 mn).

Further information on personnel reduction schemes is included in Note 10 – Personnel expenses.

Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 40 mn (2021: EUR 45 mn) as well as storage expenses related to Erdöl-Lagergesellschaft m.b.H. in amount of EUR 45 mn (2021: EUR 51 mn).