5 OTHER INCOME and EXPENSES
|
(CHF 1,000) |
|
2020 |
|
2019 |
|
Capitalised expenditure |
|
14,209 |
|
15,264 |
|
Other income |
|
1,817 |
|
1,920 |
|
Capitalised expenditure and other income |
|
16,026 |
|
17,184 |
|
|
|
|
|
|
|
Expenses for construction projects as part of concession agreements |
|
–27,067 |
|
–83,350 |
|
Other expenses |
|
–16,759 |
|
–7,707 |
|
Expenses for construction projects and other expenses |
|
–43,826 |
|
–91,057 |
Capitalised expenditure of CHF 14.2 million (2019: CHF 15.3 million) primarily comprises fees for the companyʼs architects and engineers as well as for project managers representing the client.
The expenses of CHF –27.1 million (2019: CHF –83.4 million) for construction projects as part of concession agreements are the result of investments in airport infrastructure in Brazil and Chile.The corresponding counter-item can be found under note 2, Revenue.
In the reporting period, other expenses included project costs derecognised in the amount of CHF 10.1 million. As in the previous year, losses on asset disposals and losses on receivables were also among the items recognised in other expenses.
