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20. Other financial assets

Other financial assets were as follows:

Other Financial Assets			[Table 4.54]
	Dec. 31, 2008		Dec. 31, 2009
	Total	Of which current	Total	Of which current
	€ million	€ million	€ million	€ million
Loans and receivables	633	142	603	95
Available-for-sale financial assets	288	4	212	14
of which debt instruments	62	3	63	13
of which equity instruments	226	1	149	1
Held-to-maturity financial investments	167	57	107	13
Receivables from forward commodity contracts	81	57	36	34
Receivables from other derivatives	635	373	584	210
Receivables under lease agreements	27	1	25	1
Total	1,831	634	1,567	367

Loans mainly comprised capital of €310 million (2008: €310 million) provided to Bayer-Pensionskasse VVaG (Bayer-Pensionskasse) for its effective initial fund and jouissance right capital of €150 million (2008: €150 million).

In 2009, impairment losses of €1 million (2008: €1 million) were recognized on loans and receivables and an impairment charge of €15 million (2008: €14 million) was recognized on available-for-sale financial assets. Unimpaired other financial assets of €13 million (2008: €0 million) were overdue on the closing date.

Available-for-sale financial assets included equity instruments in the amount of €58 million (2008: €84 million) whose fair value could not be determined from a stock exchange or other market price or by discounting reliably determinable future cash flows. These equity instruments are recognized at amortized cost.

Further information on the accounting for receivables from derivatives is given in Note [30].

Receivables under lease agreements relate to finance leases where Bayer is the lessor and the lessee is the economic owner of the leased assets. These receivables comprised expected lease payments of €30 million (2008: €32 million), including €5 million (2008: €5 million) in interest. Of the expected lease payments, €2 million (2008: €2 million) was due within one year, €28 million (2008: €28 million) within the following four years and €0 million (2008: €2 million) after five years.