18 Financial Assets
The increase in financial assets is due primarily to the initial recognition of a long-term option to buy back shares in the Südewo portfolio amounting to € 359.0 million (December 31, 2022: € - million). In a sensitivity analysis, the WACC, as the main influencing factor, was changed by +5%/-5%, which would result in a change in equity affecting net income of € -45 million/€ +52 million. The shares were sold in the first half of 2023.
Financial assets also include loan receivables of € 803.3 million (December 31, 2022: € 781.8 million) , taking into account the expected credit loss, from the QUARTERBACK Immobilien Group granted in line with standard market conditions. € 490.4 million (December 31, 2022: € 672.1 million) of these loans are classified as current and € 312.9 million (December 31, 2022: € 109.7 million) as non-current. The change is due to loan repayments and, on the other hand, new loans taken out with a maturity of more than twelve months.