24. Other financial and other non-financial assets
|
30/9/2018 |
30/9/2019 |
||||
|---|---|---|---|---|---|---|
|
|
Remaining term |
|
Remaining term |
||
€ million |
Total |
up to 1 year |
over 1 year |
Total |
up to 1 year |
over 1 year |
Receivables due from suppliers |
328 |
327 |
1 |
316 |
316 |
1 |
Miscellaneous financial assets |
271 |
233 |
38 |
324 |
287 |
37 |
Other financial assets |
600 |
561 |
39 |
640 |
603 |
37 |
Other tax receivables |
237 |
237 |
0 |
178 |
178 |
0 |
Prepaid expenses and deferred charges |
226 |
68 |
158 |
101 |
66 |
35 |
Miscellaneous non-financial assets |
53 |
48 |
5 |
42 |
35 |
8 |
Other non-financial assets |
515 |
353 |
163 |
322 |
279 |
43 |
Receivables due from suppliers comprise both invoiced and deferred income for subsequent supplier compensation (for example bonuses, advertising subsidies) and creditors with debit balances.
The miscellaneous financial assets primarily consist of receivables from the disposal of non-current assets, receivables from credit card transactions, receivables from finance lease agreements, receivables from other financial transactions and receivables and other assets from the real estate sector.
The previous year’s figures for the other financial assets include €27 million and the previous year’s figures for other non-financial assets include €205 million attributable to the assets held for sale in connection with the sale of METRO China.
The other tax receivables include value added tax refunds, later offsettable input tax and miscellaneous tax receivables.
Prepaid expenses and deferred charges include deferred rental, leasing and interest charges as well as miscellaneous prepaid expenses and deferred charges.
Miscellaneous non-financial assets mainly consist of prepayments on inventories and raw materials and supplies. In addition, they include contract assets in the amount of €1 million (1/10/2018: €0 million) as well as assets for the right to recover products from a customer on settling the refund liabilities in the amount of €1 million (no balances existed at the date of first application of IFRS 15).
The decrease of the other non-financial assets is predominantly attributable to the assets of METRO China, which were still included in previous year’s figure.