(5) Trade and other financial receivables

Trade and other financial receivables amounted to EUR 177,991 thousand (30 June 2023: EUR 125,480 thousand).

Of that figure, EUR 4,312 thousand (30 June 2023: EUR 1,452 thousand) related to other financial receivables and EUR 173,678 thousand to trade receivables (30 June 2023: EUR 124,028 thousand).

Trade receivables included EUR 141,682 thousand in transfer receivables (30 June 2023: EUR 105,182 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 2024, the asset for the corresponding right of return of these products amounted to EUR 49 thousand (30 June 2023: EUR 56 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.