9 – Other operating expenses
In EUR mn |
|
|
|
2022 |
2021 |
|---|---|---|
Foreign exchange losses from operating activities |
268 |
121 |
Losses on disposals of businesses, subsidiaries, tangible and intangible assets |
685 |
48 |
Losses from fair value changes of financial assets |
432 |
317 |
Net impairment losses on financial assets measured at amortized cost |
43 |
9 |
Personnel reduction schemes |
3 |
22 |
Research and development expenses |
65 |
58 |
Residual other operating expenses |
142 |
113 |
Other operating expenses |
1,639 |
688 |
Foreign exchange losses from operating activities in 2022 and 2021 were mainly impacted by USD foreign exchange rate development.
Losses on disposals of businesses, subsidiaries, tangible and intangible assets contained mostly losses from deconsolidation of the Russian entities in the amount of EUR 658 mn. For further details see Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.
Losses from fair value changes of financial assets contained losses related to asset from reserves redetermination rights with respect to the acquisition of interests in the Yuzhno Russkoye field. For further details see Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’. In 2021, these losses related to fair value adjustments of asset from reserves redetermination rights with respect to Yuzhno Russkoye field (EUR 256 mn) and financial assets from the reassessment of contingent consideration from the divestment of the 30% stake in Rosebank and OMV (U.K.) Limited (EUR 61 mn).
Net impairment losses on financial assets measured at amortized cost were mainly related to impairments of receivables in Tunisia amounting to EUR 20 mn (2021: EUR 9 mn).
Further information on personnel reduction schemes is included in Note 10 – Personnel expenses.
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 40 mn (2021: EUR 45 mn) as well as storage expenses related to Erdöl-Lagergesellschaft m.b.H. in amount of EUR 45 mn (2021: EUR 51 mn).