11 Other financial assets

millions of €

 

 

 

 

 

Dec. 31, 2019

Dec. 31, 2018

 

 

 

 

 

 

Total

Of which: current

Total

Of which: current

Originated loans and receivables

3,133

2,661

3,133

2,684

Other receivables – publicly funded projects

1,350

476

0

0

Derivative financial assets

2,333

88

870

151

Equity instruments – measured at fair value through profit or loss

22

22

0

0

Equity instruments – measured at fair value through other comprehensive income

293

0

324

0

Debt instruments – measured at fair value through profit or loss

115

6

95

6

Other

4

1

10

6

 

7,250

3,254

4,432

2,847

Current and non-current other financial assets increased by EUR 2.8 billion compared with December 31, 2018 to EUR 7.3 billion. The carrying amount of other financial assets increased in connection with positive effects from the measurement of embedded derivatives at T‑Mobile US of EUR 0.5 billion and with the recording of cash collateral of EUR 0.6 billion in connection with forward-payer swaps concluded for future borrowings at T‑Mobile US. Furthermore, grants receivable from publicly funded projects for the broadband build-out in Germany, which as a result of the change in estimate since the start of the third quarter are to be recognized as other financial assets upon conclusion of the agreement, also increased the carrying amount by EUR 1.3 billion.

Receivables of EUR 565 million (December 31, 2018: EUR 299 million) were used in connection with collateral agreements as surety for potential credit risks arising from derivative transactions in connection with the forward-payer swaps described above. In addition, cash collateral of EUR 70 million was provided in connection with a spectrum auction.

For further information on the change in estimate, please refer to the section “Changes in accounting policies, changes in estimates.”

For further information on allowances and the credit ratings of originated loans and receivables, please refer to Note 41 “Financial instruments and risk management.”