Note 7 Other financial assets (including current portion)
€ million | Loans, receivables and other |
Carrying amount as at 1 January 2015 | 68 |
Effective interest rate 2015 | 1% |
Movements 2015 | |
Loans granted | 184 |
Loans and interest repaid | -182 |
Writedown on loan to associate | -3 |
Total | -1 |
Carrying amount as at 31 December 2015 | 67 |
Effective interest rate 2016 | 1% |
Movements 2016 | |
Loans granted | 332 |
Loans and interest repaid | -344 |
Writedown on loan to associate | -2 |
Total | -14 |
Carrying amount as at 31 December 2016 | 53 |
Non-current portion of other financial assets | 38 |
Current portion of other financial assets | 15 |
The loans granted and repaid in 2015 and 2016 were mainly in the form of short-term deposits. At the end of 2016, in the same way as the previous year, the carrying amount of the other financial assets (€53 million) comprised receivables, loans and capitalised costs denominated in euros, including a long-term receivable of €18 million from the City of Amsterdam relating to the Spaklerweg site and €15 million in short-term deposits.