18.Other Financial Assets

The other financial assets were comprised as follows:

Other financial assets

 

 

 

 

 

 

 

 

 

 

 

Dec. 31, 2019

 

Dec. 31, 2020

 

 

Total

 

Of which current

 

Total

 

Of which current

 

 

€ million

 

€ million

 

€ million

 

€ million

Money market funds

 

 

 

771

 

771

Loans and bank deposits

 

16

 

11

 

365

 

360

Other investments

 

13

 

 

14

 

Receivables from derivatives

 

22

 

16

 

18

 

13

Receivables under lease agreements

 

8

 

 

8

 

Total

 

59

 

27

 

1,176

 

1,144

Receivables from derivatives included €13 million (previous year: €15 million) in forward exchange contracts and €5 million (previous year: €7 million) in embedded derivatives.

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 €33 million (previous year: €34 million) including an interest component of €25 million (previous year: €26 million). In the reporting period, interest income for finance leases of €1 million (previous year: €1 million) was recognized. 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: €3 million) and €29 million is due in subsequent years (previous year: €30 million).