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Capital Structure, Investments, and Financing Activities

(38) Other financial liabilities

Accounting and measurement policies
Other financial liabilities

With the exception of liabilities from derivatives and contingent considerations, which are recognized in the context of business combinations according to IFRS 3, other financial liabilities are initially measured at fair value and in subsequent periods at amortized cost, applying the effective interest method. The accounting and measurement policies of derivatives are presented in Note (39) “Derivative financial instruments”.

Other financial liabilities comprised the following:

 

 

Dec. 31, 2023

 

Dec. 31, 2022

in Mio. €

 

Current

 

Non-current

 

Total

 

Current

 

Non-current

 

Total

Miscellaneous other financial liabilities1

 

998

 

129

 

1,127

 

1,119

 

122

 

1,241

thereof: liabilities to related parties

 

732

 

 

732

 

861

 

 

861

thereof: interest accruals

 

47

 

 

47

 

50

 

 

50

Liabilities from derivatives (operational)

 

7

 

18

 

25

 

34

 

19

 

53

Other financial liabilities1

 

1,005

 

147

 

1,152

 

1,153

 

141

 

1,294

1

Previous year has been adjusted, please refer to Note (2) “Reporting principles”.

The liabilities to related parties primarily consist of liabilities to E. Merck KG, Darmstadt, Germany.

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