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B Consolidated Annual Financial Statements/Notes V. Notes to the Consolidated Financial Statements of <strong>Salzgitter</strong> <strong>AG</strong> 238 239<br />
(3) Other Operating Income<br />
in T€ FY 2007 FY 2006<br />
Reversal of provisions and allowances<br />
Income from the valuation of financial derivatives<br />
74,230 71,099<br />
and foreign currency positions 45,210 25,733<br />
Reversals of impairment losses in fixed assets 35,004 181<br />
Income from the disposal of fixed assets 30,758 1,134,510<br />
Income from changes in exchange rates 14,491 15,495<br />
Ancillary operating income<br />
Income from negative goodwill arising from<br />
11,362 11,972<br />
capital consolidation 8,090 111<br />
Income from write-downs of receivables 5,539 13,498<br />
Insurance compensation 5,158 10,195<br />
Rental, lease and licensing income 4,944 3,915<br />
Subsidies 2,395 2,478<br />
Charged-on costs 2,278 3,397<br />
Refunds from previous years 2,243 403<br />
Other income 36,926 30,776<br />
Other operating income 278,628 1,323,763<br />
The decrease in other operating income can be attributed almost entirely to the lower income from<br />
the sale of fixed assets. In the previous year, the shareholding in Vallourec S.A., Boulogne-Billancourt,<br />
had been sold.<br />
Reversals of write-downs in accordance with IAS 36.109 et seq were carried out by one company in<br />
the Steel Division and another in the Tubes Division.<br />
Other operating income includes income unrelated to the accounting period totaling € 108.0 million<br />
(2006: € 78.0 million) that consisted mainly of reversal of impairments, the disposal of assets, the<br />
liquidation of provisions for non-recurring obligations, the collection of written-off receivables, insurance<br />
compensation payments and reimbursements of costs for previous years.<br />
(4) Cost of Materials<br />
in T€<br />
Cost of raw materials, consumables, supplies<br />
FY 2007 FY 2006<br />
and purchased goods 6,421,479 5,388,653<br />
Cost of purchased services 459,608 350,385<br />
Cost of materials 6,881,087 5,739,038<br />
The cost of raw materials, consumables and supplies relates primarily to expenses for materials used,<br />
consumables and supplies, spare parts, energy supply and plant equipment.<br />
Consolidated Annual<br />
Financial Statements
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