Group notes
Note 16 Other financial assets
Fair value of financial instruments under other financial assets corresponds to their carrying value.
| 2025 | 2024 | |
|---|---|---|
| Non-current assets | ||
| Pension plan assets in excess of pension obligations (note 24) | 407 | 315 |
| Derivatives | ||
| – designated for hedge accounting | 591 | 197 |
| Available-for-sale investments | 29 | 30 |
| Financial assets classified at amortized cost | ||
| – finance lease receivables | 474 | 492 |
| – other financial receivables | 1 137 | 1 191 |
| Closing balance, Dec. 31 | 2 638 | 2 225 |
| Current assets | ||
| Derivatives | ||
| – recognized at fair value through profit and loss | 94 | 228 |
| – designated for hedge accounting | 3 | 3 |
| Financial assets classified at amortized cost | ||
| – finance lease receivables | 248 | 299 |
| – other financial receivables | 1 021 | 953 |
| Closing balance, Dec. 31 | 1 366 | 1 483 |
The gross amount of finance lease receivables amounted to 723 (792), of which 1 (1) have been impaired. The gross amount of other financial receivables amounted to 2 178 (2 152), of which 20 (8) have been impaired. The total estimated fair value of collateral to finance lease receivables and other financial receivables was 300 (292) and 1 397 (1 461), respectively, consisting primarily of repossession rights. See note 23 for information regarding finance leases for Group as lessor and note 30 for information on credit risk.