Note 15: Financial non-current assets
In € millions, at December 31 |
2021 |
2022 |
|---|---|---|
Pension assets |
1,638 |
1,029 |
Loans and receivables |
360 |
362 |
Other financial non-current assets |
78 |
84 |
Total |
2,076 |
1,475 |
Pension assets (€1,029 million) relate to pension plans in an asset position (2021: €1,638 million). For more information on post-retirement benefit plans, refer to Note 19.
Loans and receivables include the subordinated loan of €89 million (2021: €88 million) granted to the Pension Fund APF in the Netherlands.
Loans and receivables are considered to have low credit risk; the impairment provision recognized during the period was limited to 12 months expected losses.