[33] Other financial liabilities

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

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