[18] Leased assets

The changes in leased assets in 2016 and 2015 were as follows: > Tabelle 063

Leased assets

 

063

in € million

2016

2015

Balance as at 01/01/

334.4

279.0

Group changes

7.4

–1.7

Currency translation adjustments

–2.8

1.8

Additions

290.3

241.1

Disposals

–103.0

–104.2

Depreciation

–94.2

–80.6

Reclassification

–2.4

–1.1

 

 

 

Balance as at 31/12/

429.7

334.4

Gross carrying amount as at 31/12/

747.3

675.3

Accumulated depreciation

–317.6

–340.9

Leased assets are attributable to the Industrial Trucks & Services segment and relate to industrial trucks in the amount of €428.8 million (31 December 2015: €333.6 million) that are leased to external customers under operating leases and to office furniture and equipment in the amount of €0.9 million (31 December 2015: €0.8 million).

Leased assets include assets leased over the long term with a residual value of €367.5 million (31 December 2015: €285.9 million) that are funded by means of sale and leaseback transactions with leasing companies and leased assets with a residual value of €62.2 million (31 December 2015: €48.5 million) that are funded internally or by means of bank loans.

Leased assets resulted in non-cancellable minimum lease payments from customers amounting to €402.7 million (31 December 2015: €325.5 million).

The following table shows the maturity structure of these payments: > TABLE 064

Minimum lease payments

 

064

in € million

2016

2015

Cash receipts from minimum lease payments

402.7

325.5

due within one year

144.7

116.2

due in one to five years

248.5

200.5

due in more than five years

9.6

8.8