BASF Report 2021 Management’s Report – Net Assets 62 Noncurrent other receivables and miscellaneous assets amounted Assets of disposal groups amounted to €840 million as of Decem- to €1,722 million, up €810 million from the prior-year level. This pri- ber 31, 2021. These include the assets of the shareholding in the marily resulted from higher defined benefit assets and derivatives Hollandse Kust Zuid wind farm and the kaolin minerals business, with positive fair values. which is held for sale. For more information on the composition and development of individual asset items, see the Notes to Integral investments accounted for using the equity method rose by the Consolidated Financial Statements from page 200 onward €662 million year on year to €2,540 million, mainly due to positive after-tax earnings at BASF YPC-Company Ltd., Nanjing, China, and positive currency effects. The €1,031 million decline in the carrying amounts of non-integral shareholdings accounted for using the equity method compared with December 31, 2020, was largely attributable to dividend pay- ments by and negative after-tax earnings at Wintershall Dea AG and to the disposal of the shareholding in Solenis. Other financial assets decreased by €7 million compared with the prior year-end figure. Deferred tax assets declined by €786 million, primarily as a result of lower pension provisions. Current assets rose by €5,183 million to €35,051 million. This was driven by the €3,858 million increase in inventories compared with the prior year-end as a result of higher raw materials prices and the stronger business performance in 2021. The €2,476 million increase in trade accounts receivable was also mainly due to strong business development. Other receivables and miscellaneous assets rose by €895 million, primarily due to higher tax refund claims and positive fair values of derivatives. The €1,706 million decrease in cash and cash equivalents compared with the figure as of December 31, 2020, to €2,624 million had an offsetting effect.