[18] Rental assets

The changes in rental assets in 2018 and 2017 were as follows: > TABLE 072

Rental assets

 

072

in € million

2018

2017*

*

Rental assets for 2017 were restated due to the initial application of IFRS 15 and IFRS 16

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.