[18] Leased assets

The changes in leased assets in 2013 and 2012 were as follows: >> Table 056

Leased assets

 

>> TABLE 056

in € million

2013

2012

 

 

 

Balance as at 01/01/

191.3

167.4

Group changes

35.2

Currency translation adjustments

–11.4

0.7

Additions

146.9

135.1

Disposals

–59.8

–60.6

Depreciation

–58.0

–51.2

Reclassification

7.8

–0.1

 

 

 

Balance as at 31/12/

251.9

191.3

Gross carrying amount as at 31/12/

603.5

453.9

Accumulated depreciation

–351.5

–262.6

Leased assets are attributable solely to the Financial Services segment and relate to industrial trucks in the amount of €251.6 million (2012: €191.2 million) that are leased to external customers, and to office furniture and equipment in the amount of €0.3 million (2012: €0.1 million).

Leased assets include assets leased over the long term with a residual value of €201.2 million (31 December 2012: €142.7 million) that are funded by means of sale and leaseback transactions with leasing companies and leased assets with a residual value of €50.7 million (31 December 2012: €48.7 million) that are funded internally or by means of bank loans.

Leased assets resulted in non-cancellable minimum lease payments from customers amounting to €225.8 million (31 December 2012: €189.6 million).

The following table shows the maturity structure of these payments: >> Table 057

Minimum lease payments

 

>> TABLE 057

in € million

2013

2012

 

 

 

Cash receipts from minimum lease payments

225.8

189.6

due within one year

89.6

80.1

due in one to five years

134.7

106.1

due in more than five years

1.5

3.4