[32] Other financial liabilities
Other financial liabilities comprise the following items: >> Table 082
|
Other financial liabilities |
|
>> TABLE 082 |
|
in € million |
2013 |
2012 |
|
|
|
|
|
Liabilities from finance leases |
220.0 |
208.1 |
|
Deferred income |
139.4 |
132.7 |
|
Sundry other liabilities |
5.6 |
4.3 |
|
Derivative financial instruments |
27.2 |
10.0 |
|
Other non-current liabilities |
392.1 |
355.1 |
|
|
|
|
|
Liabilities from finance leases |
143.0 |
92.2 |
|
Deferred income |
81.3 |
84.4 |
|
Personnel liabilities |
162.0 |
161.6 |
|
Derivative financial instruments |
1.9 |
33.6 |
|
Social security liabilities |
36.4 |
40.5 |
|
Tax liabilities |
66.3 |
65.9 |
|
Advances received from third parties |
32.4 |
37.6 |
|
Liabilities on bills of exchange |
1.8 |
2.3 |
|
Liabilities from accrued interest |
18.9 |
9.6 |
|
Sundry current financial liabilities |
33.4 |
29.4 |
|
Other current liabilities |
577.3 |
557.0 |
|
|
|
|
|
Total other liabilities |
969.4 |
912.1 |
The non-current derivative financial instruments include, among other things, two call options on the remaining shares in Linde Hydraulics amounting to €27.2 million (2012: €16.5 million).
The finance lease obligations comprise liabilities arising from the financing of industrial trucks for short-term rental of €327.5 million (2012: €263.7 million) and residual value obligations of €17.3 million (2012: €21.4 million). The KION Group has also recognised other financial liabilities amounting to €18.2 million (31 December 2012: €15.2 million) arising from procurement leases, which are classified as finance leases due to their terms and conditions.
The finance lease obligations are based on the following future minimum rental payments: >> Table 083
|
Minimum lease payments |
|
>> TABLE 083 |
|
in € million |
2013 |
2012 |
|
|
|
|
|
Total minimum lease payments (gross) |
402.2 |
331.6 |
|
due within one year |
159.3 |
105.5 |
|
due in one to five years |
235.3 |
217.9 |
|
due in more than five years |
7.5 |
8.2 |
|
|
|
|
|
Present value of minimum lease payments |
363.0 |
300.3 |
|
due within one year |
143.0 |
92.2 |
|
due in one to five years |
212.9 |
200.3 |
|
due in more than five years |
7.1 |
7.9 |
|
|
|
|
|
Interest included in minimum lease payments |
39.2 |
31.2 |