english - About Heraeus

Leased assets are recognized in the balance sheet at the lower of the fair value of the
leased property or the present value of the minimum lease payments. A leasing liability
in the same amount is recognized. In the subsequent measurement, capitalized leased
assets are depreciated using the straight-line method over the scheduled useful life or the
shorter lease term. Economic useful lives are based on those for property, plant, and
equipment.
The payment obligation arising from future lease payments is reported in other non-current
or other current liabilities, depending on the remaining term.
Financial instruments
Financial instruments include non-derivative financial instruments such as trade receivables
and trade payables as well as other financial assets and other financial liabilities,
while derivative financial instruments are used to hedge foreign currency, price, and interest
rate risks.
Financial assets are broken down into the following categories:
loans and receivables (LaR),
financial assets at fair value through profit and loss (derivative financial instruments
with a positive fair value categorized as “held-for-trading,” FAHfT – held-for-trading
financial assets),
held-to-maturity investments (securities categorized as “held-to-maturity,” HtM), and
available-for-sale financial assets (securities categorized as “available-for-sale,” AfS).
Financial liabilities are broken down into the following categories:
financial liabilities at fair value through profit and loss (derivative financial instruments
with a negative fair value categorized as “held-for-trading,” FLHfT – held-for-trading
financial liabilities), and
other financial liabilities (financial liabilities measured at amortized cost, FLAC).
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