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16 Financial Assets

The drop in non-current financial assets is due primarily to the debt recovery action relating to a Lombard loan in the amount of around € 250.0 million (see note [C 17] Long-term Financial Assets Accounted for Using the Equity Method).

The other current loans reported under financial assets include loan receivables of € 845.5 million from the QUARTERBACK Immobilien Group granted in line with standard market conditions.

Other current financial receivables from financial transactions include time deposits and short-term financial investments in highly liquid money market funds that have an original term of more than three months.