Non-current financial assets comprise the following:
|
31/12/2021 |
31/12/2020 |
|---|---|---|
Non-current securities |
19,423 |
16,367 |
Other equity investments |
7,097 |
12,931 |
Originated loans |
12,348 |
11,591 |
Total |
38,869 |
40,890 |
Non-current securities are classified as follows:
|
Market value 31/12/2021 |
Market value 31/12/2020 |
|---|---|---|
Government bonds |
0 |
3,162 |
Other securities and book-entry securities (primarily shares) |
19,423 |
13,205 |
Total |
19,423 |
16,367 |
The Lenzing Group has designated equity instruments of a fair value of EUR 19,899 thousand as measured at “fair value through other comprehensive income” as at December 31, 2021 (December 31, 2020: EUR 24,753 thousand). Non-current securities measured at fair value through other comprehensive income and other equity investments include shares in companies in which a share of less than 20 percent is held. The option to recognize these equity instruments at fair value through other comprehensive income was exercised based on the intent to hold these instruments in the long term. The other equity investments as at December 31, 2021 consist primarily of the investment in LP Beteiligungs & Management GmbH, Lenzing. Non-current securities primarily consist of Oberbank ordinary shares amounting to EUR 12,802 thousand (December 31, 2020: EUR 11,821 thousand). In the 2021 financial year there was a dividend payout of other investments and other securities, which amounted to EUR 960 thousand (December 31, 2020: EUR 829 thousand).
Current financial assets include the shares held in Spinnova OY, Jyväskylä, Finland, amounting to EUR 32.232 thousand, which were reclassified from other equity investments to current securities in the 2021 financial year (see note 37).