4.3.4Other Operating Income and Expense
|
2017 |
2016 |
||
|---|---|---|---|
|
Insurance claim payouts |
125 |
- |
|
|
Gains from sale of financial participations, property, plant and equipment |
0 |
2 |
|
|
Other operating income |
5 |
2 |
|
|
Total other operating income |
130 |
4 |
|
|
Settlement expenses |
(238) |
(22) |
|
|
Restructuring expenses |
(10) |
(48) |
|
|
Other operating expense |
(121) |
0 |
|
|
Total other operating expense |
(369) |
(70) |
|
|
Total |
(239) |
(66) |
In 2017, the insurance claim payouts correspond to the Company share of the Yme insurance claim settlement (please refer to note 4.3.1).
In 2017, the other operating expenses mainly include:
- The US$ 238 million for non-recurring penalty following signature of Deferred Prosecution Agreement (’DPA’) with the U.S. Department of Justice (’DoJ’) resolving the reopened investigation into the Company’s legacy issues and the investigation into the Company’s relationship with Unaoil (please refer to note 4.3.1)
- The US$ 40 million impairment of the Turritella (FPSO) finance lease receivable and US$ 80 million compensation to the partners in the investee owning this FPSO, following the purchase option exercised by Shell (please refer to note 4.3.1).
- Additional provision for onerous contract related to long-term offices rental contracts for US$ 7 million (please refer to note 4.3.26), classified as restructuring expenses.