The carrying amounts of the following financial instruments reflect the Group’s maximum exposure to credit risk. At the end of the reporting period, the maximum exposure was as follows:
EUR '000 |
|
30/06/2023 |
|
30/06/2022 |
|---|---|---|---|---|
|
|
|
|
|
Financial assets, receivables and other financial receivables |
|
125,563 |
|
105,734 |
Cash and cash equivalents |
|
4,496 |
|
10,571 |
The change in loss allowances on the basis of the expected credit losses for trade receivables as at 30 June 2023 is presented in the table below:
EUR '000 |
|
2022/2023 |
|
2021/2022 |
|---|---|---|---|---|
|
|
|
|
|
Loss allowances as at 1 July 2022 in accordance with IFRS 9 |
|
2,417 |
|
1,182 |
Transfers recognised in profit or loss |
|
2,191 |
|
1,448 |
Reversals recognised in profit or loss |
|
-1,297 |
|
-255 |
Items recognised outside profit or loss |
|
-374 |
|
-116 |
Loss allowances in accordance with IFRS 9 |
|
-32 |
|
158 |
Loss allowances as at 30 June 2023 in accordance with |
|
2,905 |
|
2,417 |
The loss allowances recognised related almost exclusively to trade receivables.
The maturities of trade receivables, including other financial receivables, as at the end of the reporting period were as follows:
EUR '000 |
|
30/06/2023 |
|
30/06/2022 |
|---|---|---|---|---|
|
|
|
|
|
Not yet due |
|
122,607 |
|
102,341 |
|
|
|
|
|
Less than 30 days past due |
|
1,979 |
|
2,633 |
Between 30 and 89 days past due |
|
894 |
|
358 |
More than 90 days past due |
|
0 |
|
44 |
|
|
125,480 |
|
105,376 |
Cash and cash equivalents relate to bank balances and short-term investments in the form of overnight and time deposits. Borussia Dortmund only deposits money at banks with investment grade ratings. Furthermore, the creditworthiness of the banks is regularly monitored on the basis of credit default swaps (CDS).
Due to the short investment term and the creditworthiness of the banks, cash and cash equivalents are subject to a low level of credit risk. Thus, as in the previous year, no material loss allowances had been recognised.
The table below contains information on the credit risk and the expected credit losses according to the classes of receivables defined by Borussia Dortmund as at 30 June 2023:
EUR '000 |
|
Gross carrying amount |
|
Default |
|
Expected credit losses |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Receivables from transfer deals |
|
23,470 |
|
0.35 |
|
82 |
Other trade receivables |
|
18,542 |
|
0.35 |
|
65 |
Total |
|
42,012 |
|
|
|
147 |
EUR '000 |
|
Gross carrying amount |
|
Default |
|
Expected credit losses |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Receivables from transfer deals |
|
39,399 |
|
0.35 |
|
138 |
Other trade receivables |
|
11,140 |
|
0.35 |
|
39 |
Total |
|
50,539 |
|
|
|
177 |