8.7.2
Other income

Other income amounted to € 12.3 million in 2019 and consisted of an € 11.4 million gain from the sale of the Canadian intellectual property rights of the Raleigh, Diamondback, Redline and IZIP bike brands, a gain of € 0.5 million from the sale of intellectual property rights related to the activities of Protanium (Netherlands) and a gain of € 0.4 million mainly from the sale of a building (Brasseur, Belgium). The total gain from the sale of the Canadian intellectual property rights amounted to € 14.4 million (US$ 16 million) and based on the location of the companies generating cash flows via these intellectual property rights a gain of € 11.4 million was allocated to continuing operations and € 3.0 million to discontinued operations.

Accounting policy

Other income is reported on an accrual accounting basis, meaning when the revenues are incurred not necessarily when they are received.