[22] Other financial assets
The breakdown of other financial assets of €113.2 million (31 December 2017: €176.1 million) is shown in > TABLE 078.
Other financial assets |
|
078 |
in € million |
2018 |
2017 |
Investments in non-consolidated subsidiaries and other investments |
− |
36.0 |
Financial investments |
5.2 |
− |
Loans receivable |
− |
2.2 |
Financial receivables |
1.1 |
− |
Other financial investments |
21.0 |
18.9 |
Derivative financial instruments |
1.0 |
− |
Sundry other financial assets |
1.4 |
− |
Other non-current financial assets |
29.8 |
57.1 |
|
|
|
Derivative financial instruments |
8.9 |
30.0 |
Financial receivables |
34.7 |
30.3 |
Sundry other financial assets |
39.8 |
58.7 |
Other current financial assets |
83.4 |
119.0 |
|
|
|
Total other financial assets |
113.2 |
176.1 |
The financial investments essentially comprise the equity investment in Balyo SA of €5.2 million. This equity investment, which has been assigned to the FVOCI category under IFRS 9 owing to the strategic partnership with the company, is now recognised at fair value through other comprehensive income without recycling to profit or loss upon disposal. As at 31 December 2017, this financial investment had been included under non-consolidated subsidiaries and other equity investments in an amount of €11.7 million.
As of 1 January 2018, the non-consolidated equity investments and the other equity investments not accounted for under the equity method are reported as other non-current assets (see note [23]).
Other financial investments comprise long-term investments that are held in order to cover the defined benefit obligation and do not qualify as plan assets.