12.5. Other financial obligations and contingent liabilities

Options received

There is an option to acquire further shares in the Telemedi Group. For the acquisition of the remaining 24.2 per cent in the Telemedi Group, an “option agreement” was concluded in the 2023 financial year with the minority shareholder with an exercise period of 2 or 3 years, according to which the capital shares can be acquired in accordance with an agreed purchase price formula. However, the structure of this leads to 100 per cent inclusion for the purposes of consolidated accounting and no non-controlling interests are to be recognised. Future payments resulting from the option agreement are recognised as current expenses in the exercise period in accordance with IAS/IFRS regulations – as 100 per cent have already been recognised in the consolidated financial statements.

There is also an option to acquire further shares in Mavie Work Deutschland GmbH (Germany, Munich). A description of this can be found under “Basis of consolidation”.