Annual Report 2024

14. Other operating expenses

Other operating expenses

in € thousand

 

2024

 

2023

Consultancy, services, insurance and auditing expenses

 

68,474

 

75,646

External maintenance services

 

51,273

 

58,541

Other taxes

 

27,068

 

3,259

Leasing costs

 

19,623

 

15,251

Travel expenses, advertising and promotional costs

 

7,976

 

8,149

Other personnel expenses

 

4,831

 

4,644

Losses on the disposal of property, plant and equipment

 

3,363

 

578

External and internal cleaning costs

 

2,531

 

2,762

Impairment losses on financial assets

 

2,096

 

1,548

Postage and telecommunications costs

 

1,792

 

1,874

Other venture expenses

 

1,570

 

2,029

Expenses from exchange rate differences

 

1,273

 

1,280

Other

 

23,072

 

22,371

 

 

214,942

 

197,932

Expenses for consultancy, services, insurance and auditing decreased, mainly due to the decreased expenses for issuing expert opinions and reports.

Expenses for external maintenance services decreased due to lower real estate-related maintenance expenses and lower maintenance expenses for equipment and facilities.

The increase in other taxes largely results from the creation of provisions for property transfer tax that was triggered by the completion of the MSC transaction.

For details of lease expenses, see Note 45.

The HHLA Group regards the impairment losses on financial assets listed above as immaterial and has therefore decided not to show them separately in the income statement.

Other operating expenses also include numerous smaller individual items.

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