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Other income and expenses
6 Months Ended
Jun. 30, 2020
Other income and expenses  
Other income and expenses

6 Other income and expenses

6.1Other operating income

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30

    

For the six months ended June 30

in EUR k

    

2019

    

2020

    

2019

    

2020

Government grants

 

503

 

703

 

1,470

 

1,405

Income from the reversal of provisions

 

 —

 

 —

 

89

 

 —

Others

 

87

 

98

 

129

 

341

Total other operating income

 

590

 

801

 

1,688

 

1,746

 

Government grants contain performance-based grants to subsidize research, development and innovation in the state of Mecklenburg-Western Pomerania from funds granted by the European Regional Development Fund. Furthermore, government grants contain the release of deferred income from investment related grants.

6.2Other operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30

    

For the six months ended June 30

in EUR k

    

2019

    

2020

    

2019

    

2020

Currency losses

 

 —

 

37

 

 2

 

37

Expected credit loss allowances on trade receivables

 

122

 

500

 

462

 

1,674

Others

 

 —

 

 —

 

 —

 

101

Total other operating expenses

 

122

 

537

 

464

 

1,812

 

Considering the impact of the COVID-19 pandemic on the global economy and the unforeseeable potential magnitude of the ultimate disruptions to different businesses, the Group has taken such new developments into consideration when assessing its credit risk, in particular regarding the MENA region for the diagnostic segment as it represents the majority of that segment's revenue. Such assessment resulted in the recognition of additional credit losses of EUR 500k and EUR 1,674k, respectively, for the three and six months ended June 30, 2020 (for the three and six months ended June 30, 2019: EUR 122k  and EUR 462k, respectively,). See also note 8.

During the six months ended June 30, 2020, the Group disposed of its entire 51% interest in LPC GmbH (“LPC”) to the minority shareholders for a consideration of EUR 213k, of which EUR 200k is to be paid over a period of four years (and included in other assets, see note 8). The related non-controlling interest of EUR 268k (accumulated share of loss) was debited to profit or loss, and the sale resulted in a loss of EUR 101k.