26. Non-current financial assets

In the reporting year, the securities relating to insolvency insurance for phased early retirement entitlements and working age entitlements were netted out against the corresponding obligations because they fulfil the conditions for plan assets as per IAS 19 (revised 2011). The securities portfolios recognised as plan assets in the financial year amounted to € 4,466 thousand (previous year: € 2,665 thousand); see Note 37. Before offsetting, this results in securities portfolios of € 6,958 thousand (previous year: € 6,126 thousand).

Shares in affiliated companies include shares in companies which are of minor importance in terms of giving a true and fair view of the Group’s results of operations, net assets and financial position and are therefore not consolidated.

Other long-term equity investments include shares in companies where the shareholding is below 20 % or where there is a shareholding of up to 50 % as a result of its minor importance. These shares in companies are not included in the consolidated financial statements either as an affiliate or using the equity method. An increase of € 12,532 thousand relates to a shareholding in Fernride GmbH, Munich, the acquisition of which resulted in the use of a convertible loan totalling € 2,000 thousand attributed to other non-current financial assets in the previous year. For further information, please refer to Note 47.

Other non-current financial assets primarily include receivables from a graduated rent totalling € 4,331 thousand (previous year: € 4,795 thousand), as well as receivables from relief funds totalling € 1,674 thousand (previous year: € 2,015 thousand).