[18] Leased assets
The changes in leased assets in 2017 and 2016 were as follows: > TABLE 063
Leased assets |
|
063 |
in € million |
2017 |
2016 |
Balance as at 01/01/ |
429.7 |
334.4 |
Group changes |
0.5 |
7.4 |
Currency translation adjustments |
–2.2 |
–2.8 |
Additions |
327.9 |
290.3 |
Disposals |
–116.7 |
–103.0 |
Depreciation |
–116.4 |
–94.2 |
Reclassification |
–0.5 |
–2.4 |
|
|
|
Balance as at 31/12/ |
522.3 |
429.7 |
Gross carrying amount as at 31/12/ |
897.2 |
747.3 |
Accumulated depreciation |
–374.9 |
–317.6 |
Leased assets are attributable to the Industrial Trucks & Services segment and relate to industrial trucks in the amount of €522.3 million (31 December 2016: €429.7 million) that are leased to external customers under operating leases.
Leased assets include assets leased over the long term with a residual value of €420.8 million (31 December 2016: €367.5 million) that are funded by means of sale and leaseback transactions with leasing companies and leased assets with a residual value of €101.5 million (31 December 2016: €62.2 million) that are funded internally or by means of bank loans.
Leased assets resulted in non-cancellable minimum lease payments under operating leases with customers amounting to €514.3 million (31 December 2016: €402.7 million).
The following table shows the maturity structure of these future payments: > TABLE 064
Minimum lease payments |
|
064 |
in € million |
2017 |
2016 |
Cash receipts from future minimum lease payments |
514.3 |
402.7 |
due within one year |
185.2 |
144.7 |
due in one to five years |
317.3 |
248.5 |
due in more than five years |
11.8 |
9.6 |