[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

Liabilities from financial services090

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.

Maturity analysis of liabilities from financial services091

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