[34] Other financial liabilities
Other financial liabilities comprise the following items: > TABLE 093
Other financial liabilities |
093 |
|
in € million |
2016 |
2015 |
Liabilities from finance leases |
341.7 |
311.6 |
Sundry other financial liabilities |
7.5 |
4.0 |
Other non-current financial liabilities |
349.3 |
315.6 |
|
|
|
Liabilities from finance leases |
136.0 |
127.4 |
Derivative financial instruments |
22.4 |
12.4 |
Liabilities from accrued interest |
12.4 |
19.8 |
Sundry other financial liabilities |
51.8 |
34.7 |
Other current financial liabilities |
222.6 |
194.4 |
|
|
|
Total other financial liabilities |
571.9 |
510.1 |
The derivative financial instruments include a call option on the 10 per cent equity investment of the KION Group in Linde Hydraulics amounting to €0.3 million (31 December 2015: €0.6 million). The current sundry other financial liabilities include, for the first time, liabilities from financial services in connection with the funding of the long-term leasing business amounting to €8.3 million (31 December 2015: €0.0 million).
The liabilities from finance leases comprise liabilities arising from the financing of industrial trucks for short-term rental of €440.0 million (31 December 2015: €403.2 million) and residual value obligations of €16.7 million (31 December 2015: €17.8 million). The KION Group has also recognised other financial liabilities amounting to €21.0 million (31 December 2015: €18.1 million) arising from procurement leases classified as finance leases due to their terms and conditions.
The finance lease obligations are based on the following future minimum lease payments: > TABLE 094
Minimum lease payments |
094 |
|
in € million |
2016 |
2015 |
Total minimum lease payments (gross) |
514.2 |
473.2 |
due within one year |
150.3 |
141.8 |
due in one to five years |
350.6 |
318.8 |
due in more than five years |
13.3 |
12.6 |
|
|
|
Present value of minimum lease payments |
477.7 |
439.0 |
due within one year |
136.0 |
127.4 |
due in one to five years |
329.0 |
299.4 |
due in more than five years |
12.8 |
12.2 |
|
|
|
Interest included in minimum lease payments |
36.5 |
34.1 |