Annual Report 2019

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30 Other Assets

 

Dec. 31, 2018

Dec. 31, 2019

in € million

non-current

current

non-current

current

 

 

 

 

 

Right to reimbursement for transferred pensions

4.7

4.4

Receivables from insurance claims

1.2

16.6

0.8

14.9

Miscellaneous other assets

6.3

97.8

49.5

123.1

 

12.2

114.4

54.7

138.0

 

 

 

 

 

The right to reimbursement for transferred pensions is in connection with the indirect obligation shown under provisions for pensions arising from pension obligations transferred to former affiliated companies of the Viterra Group.

The receivables from insurance claims include the recognition of the excess of the fair value of plan assets over the corresponding pre-retirement part-time work arrangement obligations amounting to € 0.8 million (Dec. 31, 2018: € 0.2 million).

The increase in non-current miscellaneous other assets is due to payments made in advance for property acquisitions that will only result in legally effective transfers in 2020.

Fair Value
Fair value is particularly relevant with regard to valuation in accordance with IAS 40 in conjunction with IFRS 13. The fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.