Other financial assets consisted of the following items:
| Other financial assets | ||||
|---|---|---|---|---|
| Dec. 31, 2024 | Dec. 31, 2025 | |||
| Total | Of which current | Total | Of which current | |
| € million | € million | € million | € million | |
| Money market funds | – | – | 100 | 100 |
| Loans and bank deposits | 96 | 27 | 635 | 569 |
| Other investments | 15 | – | 14 | – |
| Receivables from derivatives | 18 | 12 | 39 | 34 |
| Receivables under lease agreements | 12 | – | 12 | – |
| Miscellaneous financial assets | 14 | 9 | 21 | 19 |
| Total | 155 | 48 | 821 | 722 |
Loans and bank deposits as of December 31, 2025 mainly included bank deposits of €568 million (previous year: €24 million), which increased by €544 million in the fiscal year. In addition, the item includes initial funding loans amounting to €63 million (previous year: €64 million), which are measured at fair value.
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:
| Receivables from derivatives | ||||
|---|---|---|---|---|
| Dec. 31, 2024 | Dec. 31, 2025 | |||
| Total | Of which current | Total | Of which current | |
| € million | € million | € million | € million | |
| Receivables from forward exchange contracts (recognised assets / liabilities)1 | 6 | 6 | 29 | 29 |
| Receivables from embedded derivatives | 5 | – | 5 | – |
| Receivables from forward exchange contracts (forecast transactions)2 | – | – | 5 | 5 |
| Receivables from commodity derivatives2 | 7 | 6 | – | – |
| Total | 18 | 12 | 39 | 34 |
1 Derivatives that do not qualify for hedge accounting.
2 Derivatives that qualify for hedge accounting.
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 €53 million (previous year: €55 million) including an interest component of €41 million (previous year: €43 million). In the reporting year, interest income from finance leases of €2 million (previous year: €2 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: €6 million), and €46 million is due in subsequent years (previous year: €48 million).
The impairment losses determined as of the reporting date for financial assets not included in trade accounts receivable were not material.