16.Other Financial Assets
The other financial assets were comprised as follows:
|
|
|
|
|
|
|
|
|
|
|
Dec. 31, 2020 |
|
Dec. 31, 2021 |
||||
|---|---|---|---|---|---|---|---|---|
|
|
Total |
|
Of which current |
|
Total |
|
Of which current |
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Money market funds |
|
771 |
|
771 |
|
65 |
|
65 |
Loans and bank deposits |
|
365 |
|
360 |
|
402 |
|
394 |
Other investments |
|
14 |
|
– |
|
27 |
|
– |
Receivables from derivatives |
|
18 |
|
13 |
|
40 |
|
34 |
Receivables under lease agreements |
|
8 |
|
– |
|
8 |
|
– |
Total |
|
1,176 |
|
1,144 |
|
542 |
|
493 |
In fiscal 2021, money market funds totaling €500 million were transferred to Metzler Trust e.V., Frankfurt am Main (Germany).
Receivables from derivatives included currency forward contracts of €34 million (previous year: €13 million) and embedded derivatives of €6 million (previous year: €5 million).
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 future lease payments of €32 million (previous year: €33 million) including an interest component of €24 million (previous year: €25 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 €28 million is due in subsequent years (previous year: €29 million).