Note 7 Other financial assets (including current portion)
€ million | Loans, receivables and other |
Carrying amount as at 1 January 2019 | 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 |
Effective interest rate 2020 | 1% |
Movements 2020 | |
Reclassification | 2 |
Loans and interest repaid | -6 |
Accretion of interest | 1 |
Other movements | 1 |
Total | -2 |
Carrying amount as at 31 December 2020 | 66 |
Non-current portion of other financial assets | 66 |
Current portion of other financial assets | - |
In 2020, Alliander received €6 million from the City of Amsterdam relating to the Spaklerweg site. The reclassification in 2020 from property, plant and equipment concerns a finance lease. The impairments in the comparative figures for 2019 relate to a write-down on a long-term receivable for heating operations.
The carrying amount of the other financial assets as at year-end 2020 include a long-term receivable from Meridiam (€27 million) and from the City of Amsterdam relating to the Spaklerweg site (€13 million), as well as a receivable from EDSN (€23 million), among other financial assets.