22. Other Financial Liabilities
To enhance the clarity of presentation, other financial liabilities, which were previously reported as part of other liabilities, are presented in a separate item in the statement of financial position for the first time in these consolidated financial statements. They break down as follows:
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|
|
|
|
|
|
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Dec. 31, 2022 |
|
Dec. 31, 2023 |
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|---|---|---|---|---|---|---|---|---|
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|
Total |
|
Of which current |
|
Total |
|
Of which current |
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Refund liabilities |
|
111 |
|
111 |
|
97 |
|
97 |
Accrued interest on liabilities |
|
20 |
|
20 |
|
19 |
|
16 |
Derivatives that do not qualify for hedge accounting |
|
2 |
|
2 |
|
– |
|
– |
Miscellaneous liabilities |
|
37 |
|
25 |
|
28 |
|
15 |
Total |
|
170 |
|
158 |
|
144 |
|
128 |
Other financial liabilities include a commitment to acquire the remaining 20% interest in DIC Covestro Polymers Ltd., Tokyo (Japan). If this put option is exercised by the seller, the sale to Covestro would be effective in fiscal 2030.