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78
Hamon Annual Report 2012
10. Other operating income/(expenses)
The other operating income and expenses are broken down as follows:
in EUR ‘000’
2012 2011 2010
Dividends and other financial income
Profit/(loss) on disposals of assets
Exchange differences, net
(Impairment)/reversal of impairment of current assets
Other misc. operating income/(expenses)
Total
460 358 194
699 17 115
(445) (647) (327)
(592) 212 (1 104 )
667 122 (88)
789 62 (1 210 )
The net (positive) increase of other operating income
and expenses mainly comes from:
■ The proceeds from the sale of the previous Hamon
offices in Seoul, Korea;
■ The strong increase of insurance income as well as
sub-lettings of installations (mainly office spaces and
machines) included in other miscellaneous operating
income;
■ A lower loss on exchange difference.
This is partly compensated by some provisions and
impairments on inventories and receivables in France
and in the United States.
11. Non-recurring income/(expenses)
in EUR ‘000’
2012 2011 2010
Restructuring costs
Sale of BFT (France)
Acquisition of the control of HSC (India)
Acquisition costs of Deltak
Impact of Changes in consolidation scope
Impairment loss on goodwill
(Impairment) / reversal of impairment on other non-current assets
Impairment / reversal of impairment on non-current assets
Gain/(loss) on disposal of AFS
Other
Other non-recurring items
Total
(1 123 ) (885) (308)
- - 1 781
- - 2 274
- (798) -
- (798) 4 055
- - (892)
- (1 377 ) (281)
- (1 377 ) (1 173 )
1 016 809 -
(455) 160 -
561 969 -
(562) (2 090 ) 2 574
The Group did not have to support any impairment loss
on other non-current assets in 2012. Impairment losses
in 2011 and 2010 were related to two minority
investments owned by the Group and classified as
‘Assets available-for-sale’, Ohl and Xylowatt. Ohl went
into bankruptcy in July 2011. As a result, the financial
asset, the receivables and the guarantees granted by
the Group had been charged in income statement in
2011. Concerning the investment in Xylowatt, it has
been accounted for using estimated fair value based
on the values for under way fundraising operations in
this company.
The gain on disposal of available-for-sale assets
includes the income resulting from the exercise of our
put option on 10% of the AIT shares. This income
has been determined after reclassification in income
statement of fair value adjustments (EUR 1.136
thousand) accounted for in reserves during the previous
periods. The shares had been received by Hamon as a
partial payment for the sale of Brown Fintube France
(BFT) to this company in 2010.
Other non-recurring items include the costs linked to
the liquidation of Ohl.