18. Non-current and current other receivables
|
|
CARRYING AMOUNT |
|
CARRYING AMOUNT |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
|
Current |
|
Non-current |
|
Dec. 31, 2025 |
|
Current |
|
Non-current |
|
Dec. 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other recoverable income taxes |
|
5,757 |
|
1,978 |
|
7,735 |
|
6,139 |
|
1,375 |
|
7,514 |
Miscellaneous receivables |
|
4,124 |
|
1,673 |
|
5,797 |
|
4,078 |
|
1,493 |
|
5,570 |
|
|
9,881 |
|
3,651 |
|
13,532 |
|
10,217 |
|
2,868 |
|
13,085 |
Miscellaneous receivables include assets to fund post-employment benefits in the amount of €215 million (previous year: €198 million). This item also includes assets from reinsurance contracts held in an amount of €26 million (previous year: €29 million).
Current other receivables are predominantly non-interest-bearing.
Other receivables include contingent receivables from long-term construction contracts recognized in accordance with project progress. They correspond to the contract assets recognized under contracts with customers and changed as follows:
€ million |
|
2025 |
|
2024 |
|---|---|---|---|---|
|
|
|
|
|
Contingent construction contract receivables at Jan. 1 |
|
635 |
|
347 |
Additions and disposals |
|
−269 |
|
291 |
Changes in consolidated Group |
|
0 |
|
– |
Change in valuation allowances |
|
−89 |
|
−3 |
Foreign exchange differences |
|
1 |
|
0 |
Contingent construction contract receivables at Dec. 31 |
|
278 |
|
635 |
The Volkswagen Group capitalizes costs to obtain a contract and amortizes them on a straight-line basis over the life of the contract only if they are material, the underlying contract has a term of at least one year, and these costs would not have been incurred, if the corresponding contract had not been entered into. As of December 31, 2025, costs of €127 million to obtain contracts were recognized as assets (previous year: €14 million). In fiscal year 2025, amortization charges of €16 million on capitalized costs to obtain contracts were incurred (previous year: €4 million).