The changes in leased assets in 2012 and 2011 were as follows:
|
Leased assets | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Balance as at 1/1/ |
167,354 |
156,125 |
|
|
|
|
|
Group changes |
0 |
3,110 |
|
Currency translation adjustments |
708 |
-451 |
|
Additions |
135,096 |
87,897 |
|
Disposals |
-60,589 |
-28,642 |
|
Depreciation |
-51,171 |
-49,961 |
|
Reclassification |
-76 |
-724 |
|
|
|
|
|
Balance as at 31/12/ |
191,322 |
167,354 |
|
|
|
|
|
Gross carrying amount as at 31/12/ |
453,945 |
455,893 |
|
Accumulated depreciation |
-262,623 |
-288,539 |
Leased assets are attributable solely to the Financial Services segment and relate to industrial trucks in the amount of €191,192 thousand (2011: €167,164 thousand) and to truck equipment in the amount of €130 thousand (2011: €190 thousand).
Leased assets include assets leased over the long term with a carrying amount of €142,668 thousand (31 December 2011: €120,742 thousand) that are funded by means of sale-and-leaseback transactions with leasing companies and leased assets with a residual value of €48,653 thousand (31 December 2011: €46,612 thousand) that are largely funded internally or by means of bank loans.
Leased assets resulted in non-cancellable lease obligations from customers amounting to €189,600 thousand (31 December 2011: €162,140 thousand).
The following table shows the maturity structure of the minimum lease payments:
|
Minimum lease payments | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Cash receipts from minimum lease payments |
189,600 |
162,140 |
|
due within one year |
80,127 |
66,613 |
|
due in one to five years |
106,082 |
94,768 |
|
due in more than five years |
3,391 |
759 |
