Information on financial instruments
The carrying amounts and fair values of selected financial assets and liabilities in accordance with IFRS 7 are shown in the following table.
|
Jun. 30, 2025 |
Dec. 31, 2024 |
||||
|---|---|---|---|---|---|---|
in € million |
Carrying amount |
Fair value |
Carrying amount |
Fair value |
||
Financial assets |
|
|
|
|
||
Lease receivables1 |
2,974.9 |
2,925.1 |
2,812.7 |
2,750.6 |
||
|
|
|
|
|
||
Financial liabilities |
|
|
|
|
||
Financial liabilities |
1,605.6 |
1,623.2 |
1,700.3 |
1,712.4 |
||
thereof promissory notes |
449.7 |
458.6 |
528.5 |
531.2 |
||
thereof bonds |
996.2 |
1,004.9 |
995.2 |
1,004.7 |
||
thereof liabilities to banks |
132.1 |
132.1 |
146.9 |
146.9 |
||
thereof sundry financial liabilities |
27.6 |
27.6 |
29.6 |
29.6 |
||
Liabilities from lease business |
4,611.5 |
4,603.1 |
4,407.5 |
4,388.0 |
||
Liabilities from short-term rental business |
777.8 |
775.1 |
814.1 |
807.6 |
||
Liabilities from procurement leases1 |
746.7 |
744.4 |
770.1 |
761.8 |
||
|
||||||
Fair value measurement
The following tables show the assignment of fair values to the individual levels as defined by IFRS 13 for financial instruments measured at fair value. The assignment of the financial instruments to the individual levels and the accounting policies and processes used are the same as they were at December 31, 2024.
|
Fair Value Hierarchy |
|||
|---|---|---|---|---|
in € million |
Level 1 |
Level 2 |
Level 3 |
Jun. 30, 2025 |
Financial assets |
|
|
|
222.9 |
thereof financial investments |
85.5 |
– |
31.2 |
116.7 |
thereof other financial investments |
– |
29.1 |
– |
29.1 |
thereof trade receivables |
– |
18.6 |
– |
18.6 |
thereof derivative financial instruments |
– |
58.5 |
– |
58.5 |
|
|
|
|
|
Financial liabilities |
|
|
|
49.5 |
thereof derivative financial instruments |
– |
49.5 |
– |
49.5 |
|
Fair Value Hierarchy |
|||
|---|---|---|---|---|
in € million |
Level 1 |
Level 2 |
Level 3 |
Dec. 31, 2024 |
Financial assets |
|
|
|
194.6 |
thereof financial investments |
75.2 |
– |
34.9 |
110.1 |
thereof other financial investments |
– |
31.6 |
– |
31.6 |
thereof trade receivables |
– |
22.7 |
– |
22.7 |
thereof derivative financial instruments |
– |
30.3 |
– |
30.3 |
|
|
|
|
|
Financial liabilities |
|
|
|
75.9 |
thereof derivative financial instruments |
– |
75.9 |
– |
75.9 |
Level 3 comprised the financial investment in Shanghai Quicktron Intelligent Technology Co., Ltd., which is recognized under other financial assets. The fair value was determined using a discounted cash flow method. The changes in value compared with the end of 2024 were attributable to the subsequent measurement of this financial investment. The material measurement parameters were a WACC after taxes of 9.1 percent and a long-term growth rate of 1.3 percent. A sensitivity analysis of the financial investment’s fair value as at the reporting date did not lead to a material change in value.