Receivables and Other Non-Financial Assets
|in € millions||12/31/2015||12/31/2014|
|Other non-financial assets||640||544|
|Other tax receivables||80||94|
|Sundry non-financial assets||148||61|
|Other non-financial assets||858||704|
The non-current other non-financial assets in the amount of
€600 million (previous year: €538 million) relate to advance
payments for royalties and licenses. Advance payments for
royalties and licenses are generally written off if no recoupment
is expected. The amount of these write-downs is based
on management estimates of future sales volumes and price
changes using historical data.
The item “Other receivables” includes receivables in the amount of the continuing involvement in connection with factoring agreements, receivables from reimbursement rights for defined benefit obligations as well as other refund entitlements, creditors with debit balances and accounts receivable from participations.