Note 7 Other financial assets (including current portion)
€ million | Loans, receivables and other |
Carrying amount as at 1 January 2017 | 53 |
Effective interest rate 2017 | 1% |
Movements in 2017 | |
Loans granted | 50 |
Loans and interest repaid | -61 |
Writedown on loan to associate | -1 |
Total | -12 |
Carrying amount as at 31 December 2017 | 41 |
Effective interest rate 2018 | 1% |
Movements in 2018 | |
Loans granted | 40 |
Loans and interest repaid | -10 |
Investments | 1 |
New consolidation | -1 |
Total | 30 |
Carrying amount as at 31 December 2018 | 71 |
Non-current portion of other financial assets | 71 |
Current portion of other financial assets | - |
The loans granted in 2018 include a receivable from Meridiam amounting to €26 million. For further disclosures, reference is made to note [22].
The carrying amount of the other financial assets as at year-end 2018, in addition to the above item, was made up of a long-term receivable of €18 million from the City of Amsterdam relating to the Spaklerweg site and other receivables, loans and capitalised costs denominated in euros.
The loans granted and repaid in 2018 and 2017 were also mainly in the form of short-term deposits.