16. Other current and non-current assets

As of December 31, other current and non-current assets comprised the following:

  2009 2008
in million €   thereof
short-term
  thereof
short-term
Tax receivables 253 242 170 164
Accounts receivable resulting from German “Krankenhausfinanzierungsgesetz” 145 89 128 101
Discounts 129 129 116 116
Capitalized debt financing costs 107 10 116 7
Investments and long-term loans 74 5 98 3
Leasing receivables 55 22 48 26
Derivative financial instruments 49 29 87 74
Advances made 41 39 32 32
Prepaid expenses 32 16 39 13
Re-insurance claims 23 0 27 0
Accounts receivable from management contracts in clinics 6 6 10 10
Other assets 428 318 344 236
Other assets, gross 1,342 905 1,215 782
less allowances 13 12 9 9
Other assets, net 1,329 893 1,206 773

  2009 2008
in million €   thereof
short-term
  thereof
short-term
Tax receivables 253 242 170 164
Accounts receivable resulting from German “Krankenhausfinanzierungsgesetz” 145 89 128 101
Discounts 129 129 116 116
Capitalized debt financing costs 107 10 116 7
Investments and long-term loans 74 5 98 3
Leasing receivables 55 22 48 26
Derivative financial instruments 49 29 87 74
Advances made 41 39 32 32
Prepaid expenses 32 16 39 13
Re-insurance claims 23 0 27 0
Accounts receivable from management contracts in clinics 6 6 10 10
Other assets 428 318 344 236
Other assets, gross 1,342 905 1,215 782
less allowances 13 12 9 9
Other assets, net 1,329 893 1,206 773

The receivables resulting from the German “Krankenhausfinanzierungsgesetz” primarily contain approved but not yet received earmarked subsidies of the Fresenius Helios operations. The approval is evidenced in a letter written by the granting authorities that Fresenius Helios has already received.

Depreciation on other non-current assets in an amount of € 2 million was recognized in the fiscal years 2009 and 2008, respectively.

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15. Inventories

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