4 Non-current assets and disposal groups held for sale and liabilities directly associated with non-current assets and disposal groups held for sale

As of December 31, 2017, current assets recognized in the consolidated statement of financial position included EUR 0.2 billion in non-­current assets and disposal groups held for sale. Current liabilities in the ­consolidated statement of financial position did not include any liabilities directly ­associated with non-current assets and disposal groups held for sale. The decrease of EUR 0.2 billion in non-current assets and disposal groups held for sale compared with December 31, 2016 results primarily from the following effects:

The sale of Strato AG to United Internet AG completed in March 2017 reduced the carrying amount by EUR 0.1 billion. In addition, the transaction agreed between T-Mobile US and a telecommunications company in September 2016 and completed in March 2017 on the exchange of spectrum licenses also reduced the carrying amount by EUR 0.1 billion. A transaction agreed upon between T-Mobile US and a telecommunications company in April 2017 on the exchange of spectrum licenses with a carrying amount of EUR 0.1 billion was completed in September 2017. Another transaction agreed upon between T-Mobile US and a telecommunications company in September 2017 on the exchange of spectrum licenses with a carrying amount of EUR 0.2 billion was completed in December 2017.

Reversals of impairments of the carrying amounts of the non-current assets and disposal groups held for sale were not material.

millions of €
  Dec. 31, 2017 Dec. 31, 2016
  Deutsche Telekom AG Other Total Deutsche Telekom AG Strato T-Mobile US DeTeMedien Other Total
Non-current assets and disposal groups held for sale                  
Other current assets 10 25 35
                   
Intangible assets 14 53 96 163
Property, plant and equipment 160 1 161 115 36 2 5 158
Investments accounted for using the equity method 3 3
Deferred tax assets 8 5 13
Other non-current assets
                   
Total 160 1 161 137 99 96 35 5 372
millions of €
  Dec. 31, 2017 Dec. 31, 2016
  Deutsche Telekom AG Other Total Deutsche Telekom AG Strato T-Mobile US DeTeMedien Other Total
Liabilities directly associated with non-current assets and disposal groups held for sale                  
Financial liabilities 50 50
Trade and other payables 7 5 12
Income tax liabilities 30 30
Other current provisions 13 3 16
Other current liabilities 28 17 45
                   
Provisions and similar obligations 23 23
Other non-current provisions 2 2
Deferred tax liabilities 16 16
Other non-current liabilities
                   
Total 66 50 78 194

In accordance with IFRS 5, the following assets and disposal groups were no longer recognized at their carrying amounts, but at their fair value less costs of disposal as of December 31, 2017.

millions of €
  Dec. 31, 2017 Dec. 31, 2016
  Level 1 Inputs as
prices in
active markets
Level 2
Other inputs that are directly or indirectly observable
Level 3
Inputs that are
unobservable
Total Level 1
Inputs as prices in
active markets
Level 2
Other inputs that are directly or indirectly observable
Level 3
Inputs that are
unobservable
Total
Non-current assets and disposal groups held for sale                
Deutsche Telekom real estate 48 48 84 84

Deutsche Telekom AG’s real estate held for sale relates to sites no longer considered to be necessary for operations. The fair values are determined by external experts. The fair value is measured on a regular basis using the earnings value method, taking into account local market estimates and specific characteristics of the property, including input parameters that cannot be observed in the market. The expected costs of disposal (currently usually around 10 percent of the fair value) are subtracted. Real estate held for sale is recognized in the statement of financial position at the lower of carrying amount and fair value less costs of disposal. The real estate was written down by EUR 27.7 million (2016: EUR 29.5 million) to the fair value less costs of disposal. The expense was recognized under depreciation, amortization and impairment losses.