Notes to the Income Statement
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31. Net other expenses/income
| HVB Group new | 2006 € millions |
2005 € millions |
|---|---|---|
| Other income | ||
| Income from investment property | 65 | 5 |
| Income from general rental contracts and mixed-usage buildings |
52 | 26 |
| Miscellaneous other income | 105 | 110 |
| Other expenses | ||
| Current expense from investment property | (29) | (20) |
| Absorbed losses | (23) | (272) |
| Income from general rental contracts and mixed-usage buildings |
(38) | – |
| Miscellaneous other expenses | (100) | (160) |
| Net other expenses/income | 32 | (311) |
Of the total losses absorbed in 2005, €256 million relate to HVB Immobilien AG due to the existing profit-and-loss transfer agreement with HVB AG. These include the losses of real estate subsidiaries of the HVB Immobilien AG sub-group, which was not consolidated in 2005. The profits and losses of the companies allocated to this sub-group were included in the consolidated financial statements as a result of the profit-and-loss transfer agreement between HVB Immobilien AG and HVB AG. The main companies of the HVB Immobilien AG sub-group have been fully consolidated in the consolidated financial statements of HVB Group with effect from January 1, 2006.