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 |
|
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”.