01 Sales / Cost of Goods Sold / Other Operating Income / Other Operating Expenses
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€ million |
2015 |
2014 |
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Sales |
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Proceeds from deliveries of products and merchandise |
5,239.1 |
4,752.4 |
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Proceeds from other services |
57.1 |
74.0 |
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Total |
5,296.2 |
4,826.4 |
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Cost of goods sold |
-4,167.1 |
-3,982.2 |
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Cost of goods sold includes the following reversals (+) / recognitions (-) of impairments of inventories |
1.6 |
-5.6 |
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Other operating income |
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Income from currency transactions |
196.2 |
113.3 |
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Income from reversal of provisions |
3.5 |
3.4 |
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Insurance compensation |
2.7 |
4.9 |
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Income from reversal of valuation allowances for receivables |
1.7 |
1.0 |
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Income from disposal of property, plant and equipment and financial assets |
3.3 |
1.1 |
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Income from the appreciation of noncurrent assets |
0.5 |
– |
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Income from incentives /grants |
2.6 |
4.2 |
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Income from the termination of long-term supply contracts and damages received |
137.6 |
206.3 |
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Other operating income |
29.3 |
30.9 |
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Total |
377.4 |
365.1 |
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Other operating expenses |
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Losses from currency transactions |
-265.3 |
-96.2 |
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Losses from valuation allowances for receivables |
-0.5 |
-2.3 |
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Losses from disposal of assets |
-3.1 |
-10.6 |
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Losses from impairment of fixed assets |
-0.1 |
-9.5 |
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Other operating expenses |
-143.7 |
-63.0 |
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Total |
-412.7 |
-181.6 |
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In the previous year, impairments on noncurrent assets no longer in use were carried out at Siltronic.
Income from the termination of long-term supply contracts and from the retention of advance payments relates in both 2015 and 2014 to advance payments retained and damages received from terminated or restructured contracts with polysilicon customers.
Other operating expenses mainly comprise costs that cannot be capitalized relating to the construction of polysilicon facilities in Charleston, Tennessee (USA).