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Other items from operating activities
12 Months Ended
Dec. 31, 2020
Other items from operating activities  
Other items from operating activities

NOTE Other items from operating activities

6.1 Other income and other expense

    

    

    

    

    

    

For the year ended December 31, (M$)

    

2020

    

2019

    

2018

Gains on disposal of assets

 

961

 

670

 

1,041

Foreign exchange gains

 

746

 

238

 

252

Other

 

530

 

255

 

545

OTHER INCOME

 

2,237

 

1,163

 

1,838

Losses on disposal of assets

 

(52)

 

(56)

 

(111)

Foreign exchange losses

 

(320)

 

(463)

 

(444)

Amortization of other intangible assets (excl. mineral interests)

 

(343)

 

(266)

 

(225)

Other

 

(791)

 

(407)

 

(493)

OTHER EXPENSE

 

(1,506)

 

(1,192)

 

(1,273)

Other income

In 2020, gains on disposal of assets are mainly related to the sale of non-strategic assets in the British North Sea in the Exploration & Production segment, to the sale of group’s interest in the Fos Cavaou regasification terminal in France and the sale of infrastructure assets in the Integrated Gas Renewables & Power segment, as well as to the sale of real estate in Belgium in the Holding segment.

In 2019, gains on disposal of assets mainly related to the sale of assets and interests in Norway in the Exploration & Production segment, to the sale of Hazira and SunPower assets in the Integrated Gas Renewables & Power segment and the sale of assets in China in the Refining & Chemicals segment.

In 2018, gains on disposal of assets mainly related to the sale of assets and interests in Norway, Canada and Gabon in the Exploration & Production segment, to the sale of Dunkerque LNG SAS and SunPower assets in the Integrated Gas Renewables & Power segment and the sale of TotalErg and Total Haiti in the Marketing & Services segment.

Other expense

In 2020, the heading “Other” notably consists of restructuring charges in the Exploration & Production, Integrated Gas Renewables & Power and Refining & Chemicals segments for an amount of $312 million, and of the impairment of non-consolidated shares and loans granted to non-consolidated subsidiaries for an amount of $64 million.

In 2019, the heading “Other” notably consisted of restructuring charges in the Exploration & Production, Integrated Gas Renewables & Power and Refining & Chemicals segments for an amount of $96 million, and of the revaluation at fair value of non-consolidated shares for $94 million.

In 2018, the heading “Other” mainly consisted of restructuring charges in the Exploration & Production, Integrated Gas Renewables & Power and Refining & Chemicals segments for an amount of $179 million, and of the impairment of non-consolidated shares and loans granted to non-consolidated subsidiaries and equity affiliates for $77 million.

6.2 Other financial income and expense

As of December 31, (M$)

    

2020

    

2019

    

2018

Dividend income on non-consolidated subsidiaries

160

178

171

Capitalized financial expenses

 

110

 

227

 

519

Other

 

644

 

387

 

430

OTHER FINANCIAL INCOME

 

914

 

792

 

1,120

Accretion of asset retirement obligations

 

(607)

 

(639)

 

(530)

Other

 

(83)

 

(125)

 

(155)

OTHER FINANCIAL EXPENSE

 

(690)

 

(764)

 

(685)

6.3 Other non-current assets

As of December 31, 2020

    

Valuation 

    

(M$)

    

Gross value

    

allowance

    

Net value

Loans and advances (a)

 

2,731

 

(273)

 

2,458

Other non-current financial assets related to operational activities

287

287

Other

 

65

 

 

65

TOTAL

 

3,083

 

(273)

 

2,810

As of December 31, 2019

    

Valuation 

    

(M$)

    

Gross value

    

allowance

    

Net value

Loans and advances (a)

 

2,248

 

(266)

 

1,982

Other non-current financial assets related to operational activities

332

332

Other

 

101

 

 

101

TOTAL

 

2,681

 

(266)

 

2,415

As of December 31, 2018

    

Valuation 

    

(M$)

    

Gross value

    

allowance

    

Net value

Loans and advances (a)

 

2,180

 

(303)

 

1,877

Other non-current financial assets related to operational activities

471

471

Other

 

161

 

 

161

TOTAL

 

2,812

 

(303)

 

2,509

(a)Excluding loans to equity affiliates.

Changes in the valuation allowance on loans and advances are detailed as follows:

Currency

Valuation

translation 

Valuation

For the year ended December 31,

allowance as of

adjustment and

allowance as of

(M$)

    

January 1,

    

Increases

    

Decreases

    

other variations

    

December 31,

2020

 

(266)

 

(30)

 

15

8

 

(273)

2019

 

(303)

 

(7)

 

43

1

 

(266)

2018

 

(359)

 

(5)

 

35

 

26

 

(303)