6 Other operating expenses
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|
|
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€ million |
2016 |
2015 |
||
---|---|---|---|---|
|
|
|
||
Valuation allowances on receivables and other assets |
1,787 |
1,674 |
||
Losses from foreign currency hedging derivatives |
2,964 |
5,083 |
||
Foreign exchange losses |
3,077 |
3,260 |
||
Expenses from cost allocations |
542 |
695 |
||
Expenses for termination agreements |
424 |
502 |
||
Losses on disposal of noncurrent assets |
144 |
106 |
||
Miscellaneous other operating expenses |
7,970 |
8,853 |
||
|
16,907 |
20,171 |
Miscellaneous other operating expenses include litigation expenses of €5.1 billion (previous year: €7.0 billion) in connection with the diesel issue as well as provisions of €0.4 billion for the antitrust proceedings that the European Commission opened against European truck manufacturers including MAN and Scania. The expenses for termination agreements result primarily from the restructuring expenses for the South American market and at MAN. In addition, the changes in the currency hedging derivatives are due to the exchange rate changes between the trade price and the price on realization; this applies in particular to the US dollar, the Chinese renminbi and sterling.