Note 12 - Other operating income
2019 | 2018 (*) | ||
---|---|---|---|
Net reversals of provisions for contingencies and losses | 18 | 31 | |
Operating subsidies | 13 | 19 | |
Audiovisual tax credit | 7 | 7 | |
Other tax credits | 1 | - | |
Other operating income | 38 | 37 | |
Total | 77 | 94 |
(*) Other income relating to Lagardère Sports was reclassified within “Profit (loss) from discontinued operations” in accordance with IFRS 5 (see note 4.3).
The amount recorded under “Other income” mainly comprises sub-letting income invoiced by Lagardère Travel Retail entities in China under airport concession agreements. The corresponding lease expenses incurred under these concession agreements are recognised in other operating expenses (see note 11). Net reversals of provisions for contingencies and losses primarily relate to Lagardère Active in 2019 and 2018.