[9] Other income
Other income breaks down as follows:
in € million |
2024 |
2023 |
|---|---|---|
Foreign currency exchange rate gains |
65.0 |
93.0 |
Income from reversal of provisions |
5.1 |
8.2 |
Gains on disposal of non-current assets |
11.3 |
10.1 |
Sundry income |
33.9 |
24.8 |
Total other income |
115.3 |
136.0 |
In 2024, other income fell by €20.8 million year on year to reach €115.3 million.
Foreign currency exchange rate gains are largely attributable to the translation of trade receivables, trade payables, lease receivables, and liabilities from the lease and short-term rental business that are denominated in a foreign currency. Such gains also include gains on hedges that are entered into in order to hedge currency risk arising from the operating business and are not part of a formally documented hedge (details of the countervailing other expenses from foreign currency exchange rate losses can be found in note [10]).