[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).