2.16. Other operating income and expenses

Other operating income and expenses include items that are not directly related to the core operating activities of the entity.

They include mainly: result on sale and liquidation of fixed assets, revaluation of investment property, compensations received and paid, revenue and expenses arising from other services unrelated to the core business of the Group.

As part of other operating income, the Group recognizes revenues under contracts with customers with regard to intermediation in the sale of products and services offered by other entities (including companies belonging to the Group) or re-invoicing costs incurred by the Group to other entities (in such a case the Group acts as an agent and therefore presents net income).