11.7 Other operating expense

   For the first six months of   
 (€’000)   2013   2012 
 Accruals to the provisions for risks and charges    317   335 
 Membership fees    564   679 
 Losses on sales of property, plant and equipment and intangible assets   133   279 
 Exchange rate losses on operating items    3,910   4,438 
 Losses to complete contracts    (740)   - 
 Interest and other operating expense    1,943   938 
 Indirect taxes    1,300   1,107 
 Other operating expense    1,002   1,466 
 Total other third party operating expense    8,429   9,242 
 Other related party operating expense    48   48 
 Total other operating expense    8,477   9,290 

Other operating expense of €8,477 thousand fell €813 thousand mainly as a result of the use of the provision for losses to complete contracts arising from actual project costs, incurred, in particular, by the Indian subsidiary and smaller exchange rate losses on operating items.

 

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 70,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company