| Financial instruments and financial risk management |
17.Financial instruments and financial risk management Additional disclosures on financial instruments The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. The table excludes fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount reasonably approximates fair value. Financial instruments as of June 30, 2025 were as follows: | | | | | | | | | | | | | Year ended June 30, 2025 | | | | | Categories | | Category in | | | | Fair value | | | Carrying | | outside of | | accordance | | Fair | | hierarchy | (in € thousands) | | amount | | IFRS 9 | | with IFRS 9 | | value | | level | Financial assets | | | | | | | | | | | Non-current financial assets | | | | | | | | | | | Non-current deposits | | 5,186 | | — | | Amortized cost | | — | | — | Current financial assets | | | | | | | | | | | Trade and other receivables | | 96,676 | | — | | Amortized cost | | — | | — | Cash and cash equivalents | | 603,593 | | — | | Amortized cost | | — | | — | Other assets | | 134,766 | | 92,880 | | | | | | | thereof deposits | | 28 | | — | | Amortized cost | | — | | — | thereof other financial assets | | 41,858 | | — | | Amortized cost | | — | | — | Financial liabilities | | | | | | | | | | | Non-current financial liabilities | | | | | | | | | | | Lease liabilities | | 176,718 | | 176,718 | | N/A | | — | | — | Other liabilities | | 364 | | 364 | | N/A | | — | | — | Current financial liabilities | | | | | | | | | | | Liabilities to banks | | 10,000 | | — | | Amortized cost | | — | | — | Tax liabilities | | 2,764 | | 2,764 | | N/A | | | | | Lease liabilities | | 32,085 | | 32,085 | | N/A | | — | | — | Trade and other payables | | 285,722 | | — | | Amortized cost | | — | | — | Other liabilities | | 346,835 | | 263,757 | | | | | | | thereof other financial liabilities | | 83,078 | | — | | Amortized cost | | — | | — |
Financial instruments as of December 31, 2025 were as follows: | | | | | | | | | | | | | Six months ended December 31, 2025 | | | | | Categories | | Category in | | | | Fair value | | | Carrying | | outside of | | accordance | | Fair | | hierarchy | (in € thousands) | | amount | | IFRS 9 | | with IFRS 9 | | value | | level | Financial assets | | | | | | | | | | | Non-current financial assets | | | | | | | | | | | Non-current deposits | | 5,057 | | — | | Amortized cost | | — | | — | Other non-current financial assets | | 141,204 | | — | | Amortized cost | | — | | — | Current financial assets | | | | | | | | | | | Trade and other receivables | | 36,406 | | — | | Amortized cost | | — | | — | Cash and cash equivalents | | 418,601 | | — | | Amortized cost | | — | | — | Other assets | | 168,870 | | 90,974 | | | | | | | thereof deposits | | 73 | | — | | Amortized cost | | — | | — | thereof Derivatives (Hedge Accounting) | | 1,339 | | — | | N/A | | 1,339 | | Level 2 | thereof other financial assets | | 76,484 | | — | | Amortized cost | | — | | — | Financial liabilities | | | | | | | | | | | Non-current financial liabilities | | | | | | | | | | | Lease liabilities | | 149,321 | | 149,321 | | N/A | | — | | — | Other liabilities | | 291 | | 291 | | N/A | | — | | — | Current financial liabilities | | | | | | | | | | | Liabilities to banks | | 10,000 | | — | | Amortized cost | | — | | — | Tax liabilities | | 2,856 | | 2,856 | | N/A | | | | | Lease liabilities | | 30,337 | | 30,337 | | N/A | | — | | — | Trade and other payables | | 234,960 | | — | | Amortized cost | | — | | — | Other liabilities | | 447,751 | | 363,636 | | | | | | | thereof Derivatives (Hedge Accounting) | | 6,181 | | — | | N/A | | 6,181 | | Level 2 | thereof other financial liabilities | | 77,934 | | — | | Amortized cost | | — | | — | Lease liabilities associated with assets held for sale | | 15,019 | | 15,019 | | N/A | | — | | — |
Foreign exchange forwards are valued according to their present value of future cash flows based on foreign exchange rates at the balance sheet date. The fair values of these instruments are also considered as level 2 fair values. There were no transfers between the different levels of the fair value hierarchy as of June 30, 2025 and December 31, 2025. LuxExperience Group’s policy is to recognize transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period. As LuxExperience Group does not meet the criteria for offsetting, thus no financial instruments are netted. As of December 31, 2025, LuxExperience Group has recorded negative €3,490 thousand net in cash flow hedge reserve. Had hedge accounting not been applied, the amount would have been recorded in profit or loss immediately. The remaining portion of other comprehensive income is related to translation differences of balance sheet items denominated in foreign currencies in prior periods. For more details, please refer to LuxExperience Group’s annual consolidated financial statements for the fiscal year ended June 30, 2025.
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