[22] Lease receivables
In the case of leases under which KION Group companies lease assets directly to customers as part of the Group’s financial services 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: >> Table 062
|
Lease receivables |
|
>> TABLE 062 |
|
in € million |
2013 |
2012 |
|
|
|
|
|
Gross investments |
537.5 |
443.5 |
|
due within one year |
194.8 |
151.0 |
|
due in one to five years |
326.9 |
282.3 |
|
due in more than five years |
15.8 |
10.2 |
|
|
|
|
|
Present value of outstanding minimum lease payments |
479.6 |
399.3 |
|
due within one year |
170.8 |
132.1 |
|
due in one to five years |
293.6 |
257.3 |
|
due in more than five years |
15.2 |
9.8 |
|
|
|
|
|
Unrealised financial income |
57.9 |
44.2 |
Gross investments include minimum lease payments from non-cancellable sub-leases amounting to €434.0 million (31 December 2012: €345.5 million).
Lease receivables include unguaranteed residual values of €52.1 million (31 December 2012: €44.1 million).