3.3 Other income and expenses
CHF million | 2023 | 2024 |
|---|---|---|
Rental income | 3.2 | 0.8 |
Gain on disposals of property, plant, and equipment | 1.4 | 2.0 |
Gain on disposal of assets classified as held for sale1 | 72.5 | – |
Gain on existing interest | – | 3.3 |
Reversal of restructuring provisions2 | 0.0 | 1.8 |
Foreign exchange differences (net) | 7.1 | – |
Disposals of materials for recycling purposes | 2.0 | 1.2 |
Miscellaneous other income | 17.0 | 28.5 |
Other income | 103.2 | 37.6 |
Restructuring costs2 | – 48.6 | – 6.5 |
Impairment losses on property, plant, and equipment2 | – 6.0 | – 1.1 |
Transaction costs related directly to the acquisition3 | – | – 0.1 |
Losses from accounts receivable | – 0.2 | – 0.2 |
Foreign exchange differences (net) | – | – 0.5 |
Miscellaneous other expenses | – 15.3 | – 14.1 |
Other expenses | – 70.1 | – 22.5 |
Gain on existing interest results from the revaluation of the investment in Prosino S.r.l. (Borgosesia, Italy) at fair value due to the increased interest in voting rights (see note 6.3).
Miscellaneous other income includes income that is not presented as sales, such as income from export incentive schemes and income from government grants. In 2024, this also includes a portion of the insurance compensation received for the earthquake in Türkiye in 2023 and the release of the environmental provision relating to the sold land and buildings in Ingolstadt (Germany) (see notes 2.4 and 4.9).
Miscellaneous other expenses include expenses that are not directly linked to cost of sales, or which cannot be allocated to research and development expenses or selling, general, and administrative expenses. Such expenses include costs related to cancelled customer projects and losses from onerous customer contracts.