Choose topics to filter the report

Your filter results

8 Other income and expenses

Other income and expenses relate to activities and transactions that are outside the Group’s principal revenue generating activities. Foreign currency exchange gains and losses as well as fair value changes on commodity and foreign currency exchange derivatives entered into as part of the operating business are also presented as other income and expenses. Activities and transactions of a significant or unusual nature are generally adjusted for in the performance measures adjusted EBITDA and adjusted net income used by management (see note 9).

Composition of other income

(In € million)

 

Year ended
31 Dec. 2020

 

Year ended
31 Dec. 2019

Net change in fair value of derivatives

 

21.5

 

10.1

Income from miscellaneous services

 

3.7

 

4.0

Rental income

 

0.7

 

0.7

Other

 

3.4

 

5.6

Total other income

 

29.3

 

20.4

Composition of other expenses

(In € million)

 

Year ended
31 Dec. 2020

 

Year ended
31 Dec. 2019

Net foreign currency exchange loss

 

(8.1)

 

(4.1)

Transaction- and acquisition-related costs

 

(3.1)

 

(4.1)

Other

 

(1.2)

 

(1.1)

Total other expenses

 

(12.4)

 

(9.3)

For the year ended 31 December 2020, the Group recognised a net foreign currency exchange loss of €8.1 million (a net loss of €4.1 million for the year ended 31 December 2019). Foreign currency exchange losses mainly arose due to the depreciation of the Thai Baht against the Euro and the US Dollar, and the depreciation of the Brazilian Real against the Euro. The Brazilian Real foreign currency exchange losses were mitigated by Brazilian Real hedging gains.

Transaction- and acquisition-related costs are excluded in the calculation of adjusted EBITDA and adjusted net income (see note 9 for further details).