[22] Lease receivables
Lease receivables break down as follows:
in € million |
Dec. 31, 2020 |
Dec. 31, 2019 |
|---|---|---|
Nominal value of outstanding lease payments |
1,527.1 |
1,380.9 |
due within one year |
431.8 |
375.3 |
due in one to two years |
376.0 |
328.3 |
due in two to three years |
307.3 |
270.8 |
due in three to four years |
223.1 |
207.7 |
due in four to five years |
128.5 |
128.5 |
due in more than five years |
60.5 |
70.2 |
|
|
|
Plus unguaranteed residual values |
215.2 |
176.9 |
Less unearned financial income |
–140.1 |
–136.9 |
Present value of outstanding lease payments |
1,602.2 |
1,421.0 |
Less valuation allowances for lease receivables |
–6.9 |
– |
Total lease receivables |
1,595.3 |
1,421.0 |
As at December 31, 2020, outstanding lease payments with a present value of €500.4 million (December 31, 2019: €330.5 million) were available as collateral for liabilities from the leasing business.