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NOTE 7

Non-recurring items

€ million 2009 2008
Gains on disposal of real estate and shares 93.7 139.0
Losses on disposal of real estate and shares -1.1 -1.0
Impairment losses -14.4 -61.1
Others -1.3 -8.2
Total 77.0 68.7


Incidental transactions outside ordinary course of business are treated as non-recurring items and allocated to segments. The Group identifies gains and losses on disposal of real estate, shares and operations, impairments and costs of discontinuing significant operations as non-recurring items. Gains on disposal are presented within 'other income' in the income statement, and losses on disposal within 'other operating expenses'.

In addition to the above, the comparative discontinued operations include non-recurring gains on disposal in the amount of €39.5 milllion.

Impairment losses

During the financial period, a total amount of €14.4 million of impairments in real estate were recognised as expenses.

The income statement of the comparative period includes a total amount of €61.1 million in impairment losses. An impairment charge of €45.6 million was made on the consolidated goodwill and trademark of Rautakesko's subsidiary, Byggmakker Norge. In addition, the comparative non-recurring expenses include an impairment charge of €15.5 million on Anttila's logistics centre in Vantaa.