EBIT in “other”
Corporate costs in the quarter were above the previous year due to higher legal and supply chain costs. The result of our captive insurance companies was positive in the quarter due to a low number of claims. Year-to-date the number of claims is still higher than the previous year. Other costs were in line with last year.
|
3rd quarter |
|
January - September | ||||||
|
2011 |
2012 |
in € millions |
2011 |
2012 | ||||
|
(19) |
(26) |
Corporate costs |
(69) |
(82) | ||||
|
(4) |
(2) |
Pensions |
(11) |
(3) | ||||
|
2 |
5 |
Insurances |
10 |
(5) | ||||
|
(20) |
(17) |
Other |
(43) |
(58) | ||||
|
(41) |
(40) |
EBIT in “other” |
(113) |
(148) | ||||
Net financing expenses
Net financing charges for Q3 2012 decreased by €4 million to €66 million driven by:
-
Net interest on debt which decreased by €1 million due to higher reported financing income being partly offset by higher reported financing expenses as a result of the newly issued bond in July.
-
Interest on provisions which decreased by €4 million to €9 million due to higher discount rates.
Tax
Excluding the impairment, the tax rate would have been 34 percent (2011: 31 percent) which is higher than normal due to several adjustments to previous years. The year-to-date tax rate is 30 percent (2011: 30 percent).