(5) Trade and other financial receivables

Trade and other financial receivables amounted to EUR 125,480 thousand (previous year: EUR 105,376 thousand).

Of that figure, EUR 1,452 thousand (previous year: EUR 7,388 thousand) related to other financial receivables and EUR 124,028 thousand to trade receivables (previous year: EUR 97,988 thousand).

Trade receivables included EUR 105,182 thousand in transfer receivables (previous year: EUR 86,889 thousand).

In accordance with IFRS 15, the Group recognises an asset related to products sold with a right of return on the basis of the expected returns. This corresponds to the refund liability. As at 30 June 2023, the asset for the corresponding right of return of these products amounted to EUR 56 thousand (previous year: EUR 27 thousand).

Non-current trade receivables are generally discounted using the effective interest method and measured at amortised cost. Non-current receivables that can potentially be sold as part of factoring are measured at fair value. Please refer to Note 31 for information on the classification and fair values of these items.

Current trade receivables and other financial receivables do not bear interest and mostly have a maturity of up to three months. Please refer to Note 31 for information on the fair values of these items.