[17] Leased assets
The changes in leased assets in 2018 and 2017 were as follows: > TABLE 070
Leased assets |
|
070 |
||
in € million |
2018 |
2017* |
||
|
||||
Balance as at 01/01/ |
1,246.3 |
1,143.9 |
||
Group changes |
− |
0.5 |
||
Currency translation adjustments |
–9.7 |
–12.0 |
||
Additions |
514.9 |
588.5 |
||
Disposals |
–189.4 |
–169.1 |
||
Depreciation |
–306.3 |
–305.6 |
||
Impairment |
–0.4 |
− |
||
Reclassification |
6.4 |
0.1 |
||
|
|
|
||
Balance as at 31/12/ |
1,261.8 |
1,246.3 |
||
Gross carrying amount as at 31/12/ |
1,978.2 |
2,056.0 |
||
Accumulated depreciation |
–716.4 |
–809.7 |
||
Leased assets are attributable to the Industrial Trucks & Services segment and relate to industrial trucks in the amount of €1,261.8 million (31 December 2017: €1,246.3 million) that are provided for use to external customers under operating leases in the direct leasing business or as part of the indirect leasing business.
Leased assets include assets provided to customers with a residual book value of €405.4 million (31 December 2017: €419.7 million) that are financed by means of sale and leaseback sub-lease transactions with leasing companies. Leased assets in connection with indirect leasing business are worth €639.5 million (31 December 2017: €724.4 million); the corresponding residual value obligations stood at €319.5 million (31 December 2017: €340.7 million).
Leased assets resulted in future lease payments expected to be paid by customers under operating leases amounting to €599.3 million (31 December 2017: €516.7 million).
The maturity structure of these expected future payments in the leasing business is shown in > TABLE 071.
Expected future payments from leasing business |
|
071 |
||
in € million |
2018 |
2017* |
||
|
||||
Payments from leasing business |
599.3 |
516.7 |
||
due within one year |
200.5 |
186.2 |
||
due in one to two years |
153.5 |
126.3 |
||
due in two to three years |
115.6 |
94.9 |
||
due in three to four years |
76.8 |
62.8 |
||
due in four to five years |
42.6 |
34.8 |
||
due in more than five years |
10.3 |
11.8 |
||