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6.4 Other income/expenses

Other income/expenses in EUR thousand 2011 20101
Adjusted on the basis of IAS 1
Other income    
Exchange gains 77,099 157,691
Reversals of impairments on receivables 11,878 55,655
Income from contracts recognised in accordance with the deposit accounting method 49,374 49,672
Income from services 2,996 10,546
Other interest income 73,139 5,896
Sundry income 19,883 106,931
  234,369 386,391
Other expenses    
Other interest expenses 43,460 35,246
Exchange losses 59,057 20,688
Separate value adjustments 12,933 13,540
Expenses for the company as a whole 50,854 39,847
Depreciation 14,326 15,489
Expenses for services 4,339 9,321
Expenses from the disposal of Clarendon 10,015 54,918
Sundry expenses 46,186 93,322
  241,170 282,371
Total (6,801) 104,020

The increase in the other interest income derived principally from the interest portion of the tax refund arising out of the Federal Fiscal Court (BFH) decision of the previous year. Please see our explanatory remarks in Section 6.5 “Taxes on income”.

Of the separate value adjustments, an amount of EUR 9.2 million (EUR 10.9 million) was attributable to accounts receivable, EUR 2.2 million (EUR 2.1 million) to reinsurance recoverables on unpaid claims and EUR 0.6 million (EUR 0.5 million) to other receivables.


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