4.3.4Other Operating Income and Expense
2024 | 2023 | ||
|---|---|---|---|
Gains from sale of financial participations and property, plant and equipment | 32 | 0 | |
Other operating income | 2 | 3 | |
Total other operating income | 34 | 3 | |
Other operating expenses | (5) | (2) | |
Restructuring expenses | (0) | (11) | |
Total other operating expense | (5) | (13) | |
Total | 29 | (10) |
In 2024, total other operating income and expense is mainly driven by a net gain in a total of US$32 million arising from the acquisition of interests held by Sonangol, related to FPSOs N’Goma, Saxi Batuque and Mondo, and from the divestment in the parent company of the Paenal shipyard in Angola (refer to note 4.3.30 Business Combinations for details on these transactions).
For comparison, in 2023, the total Other operating income and expense was mainly driven by a restructuring expense in the amount of US$11 million corresponding to severance costs relating to the implementation of an optimization plan for the Company’s support functions’ activities.