6.4 Other income/expenses
| Other income/expenses in EUR thousand | 2011 | 20101 |
|---|---|---|
1 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.