30 Other Assets

The advance payments made for real estate projects include ongoing project developments by third parties (forward deals) in which the purchase price is paid in installments during the project development phase.

The right to reimbursement for transferred pensions is in connection with the indirect obligation shown under provisions for pensions arising from pension entitlements transferred to former affiliated companies of the Viterra Group.

The receivables from insurance claims include the recognition of the excess of the fair value of plan assets over the corresponding pension obligations amounting to € 1.7 million (December 31, 2023: € 1.5 million).

The contract assets in the Development segment arising over time, pursuant to IFRS 15, due to the sale of real estate inventories are offset against the corresponding advance payments received.

The contract assets from ancillary costs comprise the excess, at single entity level, of ancillary cost payments made during the year and the payments made by tenants in advance before billing. The value in the 2023 fiscal year reflects the higher energy prices and the increase in other ancillary costs.

Miscellaneous other assets include the entitlement to the additional purchase price payment as part of the ongoing judicial review proceedings in connection with the control agreement concluded in 2014 between Deutsche Wohnen SE and GSW Immobilien AG in the amount of € 69.7 million (2023: € 67.8 million).