16. Other Financial Assets

The other financial assets were comprised as follows:

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Other Financial Assets

 

  

 

  

 

  

 

  

 

 

  

Dec. 31, 2017

  

Dec. 31, 2018

 

  

Total

  

Of which current

  

Total

  

Of which current

 

  

€ million

  

€ million

  

€ million

  

€ million

1 Reference values include nonconsolidated subsidiaries restated due to the introduction of IFRS 9. See note 2.

Loans

  

279

  

267

  

12

  

2

Other investments

  

6

  

–

  

7

  

–

Receivables from derivatives

  

23

  

17

  

20

  

14

Receivables under lease agreements

  

8

  

1

  

9

  

1

Total

  

316

  

285

  

48

  

17

The decrease in loans by €267 million results from bank deposits with terms of more than three months maturing.

Receivables from derivatives included €12 million (previous year: €15 million) in forward exchange contracts and €8 million (previous year: €8 million) in embedded derivatives. Further information is given in note 24.2.

Receivables under lease agreements relate to finance leases where Covestro is the lessor and the economic owner of the leased assets is the contractual partner. Receivables under lease agreements are based on expected lease payments of €35 million (previous year: €34 million) including an interest component of €26 million (previous year: €26 million). Of the expected lease payments, €1 million is due within one year (previous year: €1 million), €3 million is due within the following four years (previous year: €2 million) and €31 million is due in subsequent years (previous year: €31 million).