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13. Non-operating result

The non-operating result for 2009 was minus €1,136 million (2008: minus €1,188 million), comprising an equity-method loss of €48 million (2008: €62 million), non-operating expenses of €1,877 million (2008: €1,715 million) and non-operating income of €789 million (2008: €589 million). Details of the components of the non-operating result are provided below.

13.1 Income (loss) from investments in affiliated companies

This comprised the following:

Income (Loss) from Investments in Affiliated Companies	[Table 4.34]
	2008	2009
	€ million	€ million
Net loss from investments in associates (equity-method loss)	(62)	(48)
Expenses
Write-downs of investments in affiliated companies	(13)	(15)
Losses from the sale of investments in affiliated companies	(7)	(11)
Income
Dividends from affiliated companies and income from profit and loss transfer agreements (net)	-	5
Gains from the sale of investments in affiliated companies	12	10
Total	(70)	(59)

The income from investments in affiliated companies mainly comprised an equity-method loss of €49 million (2008: €64 million) from two production joint ventures with Lyondell.

Further details of the companies included at equity in the consolidated financial statements are given in Note [19].

13.2 Net interest expense

This comprised the following:

Net Interest Expense	[Table 4.35]
	2008	2009
	€ million	€ million
Expenses
Interest and similar expenses	(948)	(815)
Interest expenses for derivatives (held for trading)	(295)	(490)
Income
Other interest and similar income	171	267
Interest income from derivatives (held for trading)	370	490
Total	(702)	(548)

This item includes interest expense of €20 million (2008: €31 million) relating to non-financial liabilities and interest income of €77 million (2008: €13 million) from non-financial assets.

The portion of net income or loss attributable to non-controlling interest to which the company has a repayment obligation out of total assets is reflected in net interest expense. Pro-rated income of €14 million (2008: €18 million) was recognized as interest expense in this context.

13.3 Other non-operating income and expense

Other non-operating income and expense comprised the following:

Other Non-Operating Income and Expense	[Table 4.36]
	2008	2009
	€ million	€ million
Expenses
Interest portion of interest-bearing provisions	(300)	(436)
Exchange loss	(79)	(92)
Miscellaneous non-operating expenses	(73)	(16)
Income
Miscellaneous non-operating income	36	15
Total	(416)	(529)