Accounting policy
Other liabilities are measured at amortized cost, which generally corresponds to the nominal value, or at fair value through profit or loss. The latter is mainly applied to acquisition-/divestment-related liabilities.
Government grants are recognized at their fair value if there is reasonable assurance that the grant will be received and that all related conditions will be complied with. Governments grants either relate to income (cost grants) or to assets (investment grants).
Cost grants, which are grants that compensate dsm-firmenich for expenses incurred, are recognized as income over the periods necessary to match the grant on a systematic basis to the cost that it is intended to compensate.
If the grant is an investment grant, its fair value is initially recognized as deferred income in Other non-current liabilities and then released to profit or loss over the expected useful life of the relevant asset.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Investment grants/customer funding |
|
21 |
|
63 |
Deferred items |
|
31 |
|
36 |
Acquisition-/divestment-related liabilities |
|
50 |
|
10 |
Total |
|
102 |
|
109 |
The decrease in investment grants/customer funding is mainly caused by the transfer to assets held for sale. See also Note 3 Change in the scope of consolidation.
The increase in acquisition-/divestment-related liabilities relates mainly to the reciprocal option agreement to acquire the remaining non-controlling interest in Andre Pectin.