Notes

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17 Noncurrent and current other financial assets

 

 

CARRYING AMOUNT

 

CARRYING AMOUNT

€ million

 

Current

 

Noncurrent

 

Dec. 31, 2022

 

Current

 

Noncurrent

 

Dec. 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

Positive fair values of derivative financial instruments

 

3,916

 

7,545

 

11,461

 

1,787

 

3,532

 

5,319

Receivables from loans, bonds, profit participation rights
(excluding interest)

 

6,843

 

5,253

 

12,097

 

6,174

 

4,539

 

10,713

Miscellaneous financial assets

 

4,408

 

1,033

 

5,441

 

4,623

 

1,086

 

5,709

 

 

15,167

 

13,832

 

28,999

 

12,584

 

9,156

 

21,741

Other financial assets include receivables from related parties of €11.8 billion (previous year: €10.1 billion). Other financial assets amounting to €118 million (previous year: €161 million) were furnished as collateral for financial liabilities and contingent liabilities. There is no original right of disposal or pledge for the furnished collateral on the part of the collateral taker.

In addition, miscellaneous financial assets include receivables from restricted deposits that serve as collateral (mainly under asset-backed securities transactions).

The positive fair values of derivatives relate to the following items:

€ million

 

Dec. 31, 2022

 

Dec. 31, 2021

 

 

 

 

 

Transactions for hedging

 

 

 

 

foreign currency risk from assets using fair value hedges

 

50

 

0

foreign currency risk from liabilities using fair value hedges

 

38

 

66

interest rate risk using fair value hedges

 

868

 

380

interest rate risk using cash flow hedges

 

504

 

82

foreign currency and price risk from future cash flows (cash flow hedges)

 

3,282

 

1,391

Hedging transactions Total

 

4,741

 

1,920

Assets related to derivatives not included in hedging relationships

 

6,720

 

3,399

Total

 

11,461

 

5,319

Positive fair values of €822 million (previous year: €– million) were recognized from transactions for hedging interest rate risk (fair value hedges) designated in portfolio hedges.

Further details on derivative financial instruments as a whole are given in the section entitled “Financial risk management and financial instruments”.