7.4 Other income and expenses
| Other income/expenses | ||
|---|---|---|
| in EUR thousand | 2012 | 2011 |
| Other income | ||
| Exchange gains | 84,764 | 77,099 |
| Reversals of impairments on receivables | 8,511 | 11,878 |
| Income from contracts recognised in accordance with the deposit accounting method | 58,683 | 49,374 |
| Income from services | 4,132 | 2,996 |
| Other interest income | 4,249 | 73,139 |
| Sundry income | 20,620 | 19,883 |
| 180,959 | 234,369 | |
| Other expenses | ||
| Other interest expenses | 75,850 | 43,460 |
| Exchange losses | 109,095 | 59,057 |
| Expenses from contracts recognised in accordance with the deposit accounting method | 11,369 | 7,877 |
| Separate value adjustments | 27,308 | 12,933 |
| Expenses for the company as a whole | 50,207 | 50,854 |
| Depreciation | 12,666 | 14,326 |
| Expenses for services | 5,210 | 4,339 |
| Expenses from the disposal of Clarendon | – | 10,015 |
| Sundry expenses | 54,098 | 38,309 |
| 345,803 | 241,170 | |
| Total | (6,801) | |
The decrease 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 2010, which was booked in the previous year. Please see our explanatory remarks in Section 7.5 “Taxes on income”.
The separate value adjustments were attributable principally to accounts receivable in an amount of EUR 26.9 million (EUR 9.2 million) as well as to reinsurance recoverables on unpaid claims in an amount of EUR 0.4 million (EUR 2.2 million) and other receivables in a minimal amount (EUR 0.6 million).