15. Other (Financial) Assets and Non-current Assets and Disposal Groups Held for Sale

Other non-current financial assets comprise investments in associated companies, investments in non-consolidated affiliates, other investments, and other assets, which essentially comprises the lease receivables. Non-current assets mainly include the net pension asset related to individual pension plans (see Note 27 “Provisions for pensions and similar obligations”). Other current financial assets include other receivables, derivative financial instruments, and financial receivables. Other current assets mainly comprise other tax receivables as well as prepaid expenses.

The significant change in other non‑current financial assets compared with the 2024 financial year results from the climate protection contract concluded by tesa, which is recognized at a fair value of €40 million as of the reporting date (previous year: €0 million).

The lease receivable arising from the finance lease related to Clinique La Prairie is divided into €111 million in other non-current financial assets and €6 million in other current financial assets. The lease receivable is recognized at amortized cost. The fair value of the lease receivable as at the balance sheet date amounted to €158 million (previous year: €162 million). To minimize future risks from the acquisition, variable index-dependent payments were agreed in order to mitigate the decline in value of the developed property.

The following table shows the contractually agreed, undiscounted future lease receivables before possible index adjustments.

Non-current assets and disposal groups held for sale amount to €2 million as of December 31, 2025 (previous year: €2 million).

These include land and building of €1 million from the subsidiary tesa UK Ltd. These are to be sold in the course of financial year 2026.