8. Other Operating Expenses – Covestro Annual Financial Report on February 26th 2025

Other operating expenses were comprised as shown in the following table:

Other operating expenses
2023 2024
€ million € million
Losses on retirements of noncurrent assets (20) (2)
Impairment losses on receivables (6) (10)
Losses from derivatives (2) (1)
Miscellaneous operating expenses (141) (57)
Total (169) (70)

Losses from derivatives in fiscal years 2023 and 2024 resulted from changes in the fair values of embedded derivatives.

Miscellaneous operating expenses in fiscal 2024 primarily included insurance expenses of €26 million (previous year: €104 million), which are reported in the “Reconciliation” category. In the previous year, insurance expenses had also included the reimbursement of the insurance amount for production stoppages by the intragroup reinsurance company Covestro International Re, Inc., Colchester, Vermont (United States), to the primary insurer, which had amounted to €75 million.