Other receivables consisted of the following:
| Other receivables | ||||
|---|---|---|---|---|
| Dec. 31, 2023 | Dec. 31, 2024 | |||
| Total | Of which current |
Total | Of which current |
|
| € million | € million | € million | € million | |
| Other tax receivables | 224 | 222 | 221 | 214 |
| Prepaid expenses | 95 | 92 | 99 | 95 |
| Net defined benefit asset | 66 | – | 72 | – |
| Contract assets | 65 | 64 | 45 | 45 |
| Reimbursement claims | 23 | 23 | 1 | 1 |
| Receivables from employees | 1 | 1 | 1 | 1 |
| Miscellaneous receivables | 136 | 94 | 203 | 161 |
| Total | 610 | 496 | 642 | 517 |
In fiscal 2024, Covestro was entitled to receive government grants of €115 million (previous year: €64 million) on the basis of the guideline entitled “Subsidies for indirect CO2 costs” published by the German Federal Ministry for Economic Affairs and Climate Action on September 1, 2022; these subsidies are subject to specific measures to improve energy efficiency being carried out in accordance with section 4.2.1a of this guideline. These requirements must be met by no later than December 31, 2025, and Covestro expects to be able to meet these requirements, as in the previous years. There were receivables of €115 million at the reporting date (previous year: €57 million) related to these grants, which are reported as miscellaneous receivables.