[18] Rental assets
The changes in rental assets in 2018 and 2017 were as follows: > TABLE 072
Rental assets |
|
072 |
||
in € million |
2018 |
2017* |
||
|
||||
Balance as at 01/01/ |
608.4 |
543.0 |
||
Group changes |
− |
0.5 |
||
Currency translation adjustments |
–8.6 |
–9.4 |
||
Additions |
572.8 |
343.7 |
||
Disposals |
–296.7 |
–93.7 |
||
Depreciation |
–196.0 |
–175.8 |
||
Impairment |
–2.9 |
− |
||
Reclassification |
–6.5 |
− |
||
|
|
|
||
Balance as at 31/12/ |
670.5 |
608.4 |
||
Gross carrying amount as at 31/12/ |
1,081.6 |
933.2 |
||
Accumulated depreciation |
–411.1 |
–324.8 |
Rental assets are allocated solely to the Industrial Trucks & Services segment and comprise assets in the short-term rental fleet. On the opposite side of the statement of financial position to the rental assets are liabilities from financial services of €307.1 million (31 December 2017: €0.0 million) arising from the financing of the short-term rental fleet by means of sale and leaseback sub-lease transactions and liabilities of €289.9 million recognised in other financial liabilities (31 December 2017: €515.7 million) arising on contracts entered into up to 31 December 2017.