Note E: Short-term receivables
In € millions, at December 31 |
2021 |
2022 |
|---|---|---|
Receivables from subsidiaries |
133 |
202 |
FX contracts |
14 |
18 |
Other receivables |
7 |
3 |
Total |
154 |
223 |
Short-term receivables are expected to be settled within one year. Receivables from subsidiaries include interest to be received on intercompany loans of €17 million (2021: €10 million). The fair value of the receivables from subsidiaries approximates the book value.