[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 |