[18] Leased assets

The changes in leased assets in 2014 and 2013 were as follows: > TABLE 055

Leased assets

 

055

in € million

2014

2013

Balance as at 1/1/

251.9

191.3

Group changes

35.2

Currency translation adjustments

–1.1

–11.4

Additions

172.8

146.9

Disposals

–73.9

–59.8

Depreciation

–69.5

–58.0

Reclassification

–1.3

7.8

 

 

 

Balance as at 31/12/

279.0

251.9

Gross carrying amount as at 31/12/

615.4

603.5

Accumulated depreciation

–336.5

–351.5

Leased assets are attributable to the Financial Services segment and relate to industrial trucks in the amount of €278.4 million (2013: €251.6 million) that are leased to external customers under operating leases and to office furniture and equipment in the amount of €0.6 million (2013: €0.3 million).

Leased assets include assets leased over the long term with a residual value of €230.5 million (31 December 2013: €201.2 million) that are funded by means of sale and leaseback transactions with leasing companies and leased assets with a residual value of €48.5 million (31 December 2013: €50.7 million) that are largely funded internally or by means of bank loans.

Leased assets resulted in non-cancellable minimum lease payments from customers amounting to €285.6 million (31 December 2013: €225.8 million).

The following table shows the maturity structure of these payments: > TABLE 056

Minimum lease payments

 

056

in € million

2014

2013

Cash receipts from minimum lease payments

285.6

225.8

due within one year

107.8

89.6

due in one to five years

174.9

134.7

due in more than five years

2.9

1.5