[30] Liabilities from financial services
The liabilities from financial services relate to the financing of the long-term lease business and residual value obligations arising from the indirect lease business in an amount of €2,062.9 million (2018: €1,165.3 million) and to the financing of industrial trucks for the short-term rental fleet in an amount of €437.2 million (2018: €307.1 million). > TABLE 090
in € million |
2019 |
2018 |
---|---|---|
Non-current liabilities from financial services |
1,566.9 |
924.4 |
thereof from lease business |
806.4 |
601.9 |
thereof from short-term rental fleet financing |
339.8 |
244.6 |
thereof from lease facilities |
4.3 |
– |
thereof from asset-backed securities |
416.4 |
77.9 |
|
|
|
Current liabilities from financial services |
933.2 |
548.0 |
thereof from lease business |
220.4 |
157.7 |
thereof from short-term rental fleet financing |
97.4 |
62.5 |
thereof from lease facilities |
388.6 |
307.3 |
thereof from asset-backed securities |
113.8 |
20.4 |
thereof other |
113.0 |
– |
Liabilities from financial services arising from the lease business encompass liabilities from financing by means of sale and leaseback sub-lease transactions entered into with leasing companies since 1 January 2018 in an amount of €729.6 million (2018: €440.2 million). They also include residual value obligations of €297.2 million (2018: €319.5 million) resulting from the indirect lease business.
Furthermore, liabilities from financial services include liabilities from lease facilities in an amount of €392.9 million (2018: €307.3 million), liabilities from the issuance of notes (securitisation) in an amount of €530.2 million (2018: €98.3 million) – of which €285.9 million was issued through K-Lift S.A., Luxembourg (2018: €98.3 million) – and other liabilities from financial services in an amount of €113.0 million (2018: €0.0 million).
The maturities of the liabilities from financial services are shown in > TABLE 091.
in € million |
2019 |
2018 |
---|---|---|
Total future payments from financial services (gross) |
2,572.8 |
1,539.9 |
due within one year |
966.2 |
589.7 |
due in one to two years |
449.1 |
244.8 |
due in two to three years |
418.8 |
240.9 |
due in three to four years |
369.7 |
209.2 |
due in four to five years |
251.8 |
172.7 |
due in more than five years |
117.2 |
82.5 |