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Incidental items


  • We incurred higher restructuring costs mainly in mature markets, as we implement the performance improvement program. Restructuring activities are ongoing across the businesses, and we stepped up restructuring in the European businesses in Decorative Paints in Q4. Besides the costs of the performance improvement program of €292 million, we had a number of writedowns for an amount of €32 million, bringing the total amount of restructuring costs to €324 million.
  • The impairment amount in Q3 was adjusted to exclude Decorative Paints North America, which is reported as a discontinued operation.
  • In Q1, we increased a provision for an environmental case in Sweden.
  • In Q4, we incurred a loss of €36 million from recycling the cumulative translation differences in equity to the statement of income due to the completed divestment of Chemicals Pakistan.

4th quarter

 

 

 

January - December

2011

 

2012

 

in € millions

 

2011

 

2012

(54)

 

(148)

 

Restructuring costs

 

(129)

 

(324)

 

 

Impairment

 

 

(2,106)

(33)

 

(12)

 

Results related to major legal and environmental cases

 

(9)

 

(36)

(11)

 

(34)

 

Results on acquisitions and divestments

 

10

 

(45)

7

 

(1)

 

Other incidental results

 

2

 

(9)

(91)

 

(195)

 

Incidentals included in operating income

 

(126)

 

(2,520)

Copyright © 2013 Akzo Nobel N.V.