Other financial liabilities include the following items:
|
Other financial liabilities | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Liabilities from finance leases |
208,136 |
171,070 |
|
Deferred income |
132,662 |
118,455 |
|
Sundry other liabilities |
4,323 |
14,264 |
|
Derivative financial instruments |
9,957 |
- |
|
Other non-current financial liabilities |
355,078 |
303,789 |
|
|
|
|
|
Liabilities from finance leases |
92,204 |
83,653 |
|
Deferred income |
84,357 |
86,551 |
|
Personnel liabilities |
161,637 |
128,349 |
|
Derivative financial instruments |
33,613 |
17,742 |
|
Social security liabilities |
40,460 |
38,894 |
|
Tax liabilities |
65,857 |
50,269 |
|
Advances received from third parties |
37,596 |
41,981 |
|
Liabilities on bills of exchange |
2,295 |
3,799 |
|
Liabilities from accrued interest |
9,588 |
10,360 |
|
Sundry current financial liabilities |
29,423 |
42,490 |
|
Other current financial liabilities |
557,030 |
504,088 |
|
|
|
|
|
Total other financial liabilities |
912,108 |
807,877 |
The current derivative financial instruments include, among other things, two call options on the remaining shares in Linde Hydraulics amounting to €16,520 thousand (2011: €0 thousand).
Other financial liabilities include non-derivative liabilities of €159,202 thousand (31 December 2011: €180,226 thousand) that fall within the scope of IFRS 7.
Other financial liabilities also include liabilities arising from the financing of industrial trucks for short-term rental (reported under liabilities from finance leases) amounting to €263,745 thousand (2011: €222,246 thousand) and residual value obligations amounting to €21,379 thousand (2011: €15,765 thousand). The KION Group has recognised other financial liabilities amounting to €15,216 thousand (31 December 2011: €16,712 thousand) arising from procurement leases, which are classified as finance leases due to their terms and conditions.
The liabilities from finance leases are based on the following future minimum lease payments:
|
Minimum lease payments | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Total minimum lease payments (gross) |
331,558 |
279,447 |
|
due within one year |
105,466 |
94,491 |
|
due in one to five years |
217,889 |
178,168 |
|
due in more than five years |
8,203 |
6,788 |
|
|
|
|
|
Present value of minimum lease payments |
300,340 |
254,723 |
|
due within one year |
92,204 |
83,653 |
|
due in one to five years |
200,280 |
164,482 |
|
due in more than five years |
7,856 |
6,588 |
|
|
|
|
|
Interest included in minimum lease payments |
31,218 |
24,724 |
