For leases where KION Group companies lease assets directly to customers as part of the Group's financing activities, the Group's net investment in the lease is reported as a lease receivable.
The amounts recognised as lease receivables are based on the following data:
Lease receivables |
||
€ thousand |
2012 |
2011 |
|
|
|
Gross investments |
443,452 |
399,726 |
due within one year |
150,995 |
135,897 |
due in one to five years |
282,293 |
254,724 |
due in more than five years |
10,164 |
9,105 |
|
|
|
Present value of outstanding minimum lease payments |
399,269 |
361,221 |
due within one year |
132,129 |
118,381 |
due in one to five years |
257,328 |
234,043 |
due in more than five years |
9,812 |
8,797 |
|
|
|
Unrealised financial income |
44,183 |
38,505 |
Gross investments include minimum lease payments from non-cancellable sub-leases amounting to €345,499 thousand (31 December 2011: €326,930 thousand).
Lease receivables include the unguaranteed residual values accruing to the benefit of the KION Group in the amount of €44,051 thousand (31 December 2011: €38,714 thousand).
