[18] Leased assets
The changes in leased assets in 2015 and 2014 were as follows: > TABLE 058
Leased assets |
|
058 |
in € million |
2015 |
2014 |
Balance as at 01/01/ |
279.0 |
251.9 |
Group changes |
–1.7 |
– |
Currency translation adjustments |
1.8 |
–1.1 |
Additions |
241.1 |
172.8 |
Disposals |
–104.2 |
–73.9 |
Depreciation |
–80.6 |
–69.5 |
Reclassification |
–1.1 |
–1.3 |
|
|
|
Balance as at 31/12/ |
334.4 |
279.0 |
Gross carrying amount as at 31/12/ |
675.3 |
615.4 |
Accumulated depreciation |
–340.9 |
–336.5 |
Leased assets are attributable to the Financial Services segment and relate to industrial trucks in the amount of €333.6 million (2014: €278.4 million) that are leased to external customers under operating leases and to office furniture and equipment in the amount of €0.8 million (2014: €0.6 million).
Leased assets include assets leased over the long term with a residual value of €285.9 million (31 December 2014: €230.5 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 2014: €48.5 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 €325.5 million (31 December 2014: €285.6 million).
The following table shows the maturity structure of these payments: > TABLE 059
Minimum lease payments |
|
059 |
in € million |
2015 |
2014 |
Cash receipts from minimum lease payments |
325.5 |
285.6 |
due within one year |
116.2 |
107.8 |
due in one to five years |
200.5 |
174.9 |
due in more than five years |
8.8 |
2.9 |