15. Other Financial Assets

Other financial assets consisted of the following items:

Loans and bank deposits as of December 31, 2024 mainly included initial funding loans of €64 million (previous year: €63 million), which are measured at fair value. In addition, the item contained in particular bank deposits of €23 million, which declined by €253 million in the fiscal year under review.

See note 25 “Contingent Liabilities and Other Financial Commitments.”

See note 24.1 “Financial Instruments by Category” for further information regarding loans and bank deposits and other investments.

Receivables from derivatives consisted of the following items:

See note 24.2 “Financial Risk Management and Information on Derivatives.”

Receivables under lease agreements relate to finance leases where Covestro is the lessor and the counterparty is the economic owner of the leased assets. Receivables under lease agreements are based on expected future lease payments of €55 million (previous year: €50 million) including an interest component of €43 million (previous year: €40 million). In the reporting year, interest income from finance leases of €2 million (previous year: €1 million) was recognized. Of the expected lease payments, €1 million is due within one year (previous year: €1 million), €6 million is due within the following four years (previous year: €5 million), and €48 million is due in subsequent years (previous year: €44 million).

The impairment losses determined as of the reporting date for financial assets not included in trade accounts receivable were not material.