21. (d) Other financial assets
Other financial assets were as follows:
|
Other financial assets |
T107 |
|
|---|---|---|
|
in EUR thousands |
Dec 31, 2022 |
Dec 31, 2021 |
|
Receivables from ABS program |
1,333 |
1,031 |
|
Other assets |
2,431 |
3,632 |
|
3,764 |
4,663 |
Receivables from the ABS program include reserves for the trade receivables sold. NOTE 21. (B) ‘TRADE RECEIVABLES TRANSFERRED OR AVAILABLE FOR TRANSFER’.
Other financial assets are generally required to collect the contractual cash flows and are accordingly allocated to the “hold” business model. They are initially recognized at fair value plus transaction costs and are subsequently carried at amortized cost using the effective interest method less impairment. As of December 31, 2022, and 2021, other financial assets include in particular deposits for building leases and guarantees (as of December 31, 2021, also a bid bond for a bid submitted to purchase a plot of land in China).
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.