Note 7 Other financial assets (including current portion)
€ million | Loans, receivables and other |
Carrying amount as at 1 January 2018 | 41 |
Effective interest rate 2018 | 1% |
Movements 2018 | |
Loans granted | 40 |
Loans and interest repaid | -10 |
Investments | 1 |
New consolidation | -1 |
Total | 30 |
Carrying amount as at 31 December 2018 | 71 |
Effective interest rate 2019 | 1% |
Movements 2019 | |
Loans granted | 5 |
Loans and interest repaid | -4 |
Impairments | -4 |
Investments | 1 |
Discontinued consolidations | -1 |
Total | -3 |
Carrying amount as at 31 December 2019 | 68 |
Non-current portion of other financial assets | 58 |
Current portion of other financial assets | 10 |
The loans granted in 2018 include a receivable from Meridiam amounting to €26 million. For further disclosures, reference is made to note [22]. The impairments in 2019 related to a write-down on a long-term receivable for heating operations.
The carrying amount of the other financial assets as at year-end 2019, in addition to the above item, was made up of a long-term receivable of €19 million from the City of Amsterdam relating to the Spaklerweg site, of which €6 million was current, and other receivables, loans and capitalised costs denominated in euros.