11 Other financial assets
millions of € |
|
|
|
|
|
Dec. 31, 2024 |
Dec. 31, 2023 |
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|---|---|---|---|---|
|
|
|
|
|
|
Total |
Of which: current |
Total |
Of which: current |
Originated loans and receivables |
5,170 |
4,194 |
6,538 |
4,741 |
Of which: collateral paid |
1,533 |
1,458 |
1,708 |
1,643 |
Of which: other receivables – publicly funded projects |
1,550 |
961 |
1,863 |
763 |
Debt instruments – measured at fair value through profit or loss |
265 |
6 |
652 |
6 |
Derivative financial assets |
1,585 |
131 |
1,780 |
602 |
Of which: derivatives with a hedging relationship |
674 |
47 |
658 |
106 |
Of which: derivatives without a hedging relationship |
911 |
83 |
1,122 |
496 |
Equity instruments – measured at fair value through profit or loss |
3 |
0 |
4 |
0 |
Equity instruments – measured at fair value through other comprehensive income |
549 |
0 |
422 |
0 |
Lease assets |
171 |
87 |
197 |
104 |
|
7,743 |
4,418 |
9,593 |
5,453 |
The carrying amount of current and non-current other financial assets decreased by EUR 1.8 billion compared to December 31, 2023 to EUR 7.7 billion. Exchange rate effects increased the carrying amount by EUR 0.2 billion.
The net total of originated loans and receivables decreased by EUR 1.4 billion to EUR 5.2 billion. This decline in the carrying amount was due to lower receivables in connection with device insurance policies (EUR 0.5 billion), lower receivables from collateral agreements as surety for credit risks in connection with forward payer swaps due to normal fluctuations in fair value (EUR 0.2 billion), unscheduled repayments of shareholder loans to the GD Tower companies (EUR 0.2 billion), and lower receivables from grants still to be received from publicly funded projects (EUR 0.3 billion). At the reporting date, cash and cash equivalents of EUR 70 million when translated into euros (December 31, 2023: EUR 64 million) were pledged as collateral for liabilities with the right of creditors to priority repayment in the event of default.
The carrying amount of debt instruments decreased by EUR 0.4 billion to EUR 0.3 billion. In the course of renegotiations and contract adjustments with IFM Global Infrastructure Fund on the continuation of the joint fiber-optic rollout at GlasfaserPlus, Deutsche Telekom agreed to forgo the contingent consideration receivable.
The carrying amount of the derivatives without a hedging relationship decreased by EUR 0.2 billion to EUR 0.9 billion, in particular in connection with the options to acquire additional T‑Mobile US shares exercised by Deutsche Telekom in the financial year (EUR 0.4 billion). By contrast, the carrying amounts of cross-currency swaps increased by EUR 0.3 billion.
Increases in fair value resulted in an increase in the carrying amounts of equity instruments by EUR 0.1 billion.
For further information on allowances, stock options, and the credit ratings of originated loans and receivables, please refer to Note 43 “Financial instruments and risk management.”