Other operating income was comprised as shown in the following table:
| Other operating income | ||
|---|---|---|
| 2024 | 2025 | |
| € million | € million | |
| Gains on retirements of noncurrent assets | 67 | 76 |
| Reversals of impairment losses on receivables | 3 | 3 |
| Gains from derivatives | 3 | – |
| Income from currency hedges | – | 19 |
| Miscellaneous operating income | 155 | 169 |
| Total | 228 | 267 |
Gains from derivatives resulted from changes in the fair values of embedded derivatives.
Gains on retirements of noncurrent assets mainly result from gains of €65 million (previous year: €46 million) on the sale of intangible assets, primarily in the Performance Materials segment.
Miscellaneous operating income in fiscal 2025 primarily included insurance compensation due to production stoppages in the amount of €75 million (previous year: €55 million), primarily in the Performance Materials segment, and insurance premiums received in the amount of €28 million (previous year: €37 million), which are presented in the “Reconciliation” category. They also include business development subsidies of €21 million (previous year: €26 million) received in China, mainly in the Solutions & Specialties segment, as well as a gain of €12 million (previous year: €0 million) on the acquisition of Pontacol AG, Schmitten FR (Switzerland), at a price below its fair value in the Solutions & Specialties segment.