5 OTHER INCOME and EXPENSES

Capitalised expenditure of CHF 15.3 million (2018: CHF 14.5 million) primarily comprises fees for the company’s architects and engineers as well as for project managers representing the client.

In the reporting period, “Other income” included a payment in connection with the liquidation of Swissair in debt restructuring proceedings.

The expenses of CHF –83.4 million (2018: CHF –40.7 million) for construction projects as part of concession arrangements are the result of investments in airport infrastructure in Brazil and Chile. The corresponding counter-item can be found under note 2, Revenue.

In both the reporting period and the previous year, other expenses included losses on asset disposals and losses on receivables, among other items. In the previous year, this line item also contained the CHF 57.6 million increase in the provision for sound insulation and resident protection measures that was recognised in profit or loss (see note 19, Provision for formal expropriations plus sound insulation and resident protection).