(5) Trade and other financial receivables

Trade and other financial receivables amounted to EUR 105,376 thousand (previous year: EUR 40,328 thousand).

Of that figure, EUR 7,388 thousand (previous year: EUR 2,737 thousand) related to other financial receivables and EUR 97,988 thousand to trade receivables (previous year: EUR 37,591 thousand).

Trade receivables included EUR 86,889 thousand in transfer receivables (previous year: EUR 22,187 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 2022, the asset for the right of return of products amounted to EUR 27 thousand (previous year: EUR 60 thousand).

Non-current trade receivables are discounted using the effective interest method and measured at amortised cost. Please refer to Note 31 for information on the fair values of financial assets.

Current trade receivables and other assets 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 financial assets.