[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