[31] Liabilities from leasing business
Non-current and current liabilities from the leasing business total €2,739.3 million (2019: €2,495.0 million) and can be broken down into a sum of €2,483.6 million (2019: €2,197.8 million) that relates to the financing of the direct leasing business and a sum of €255.7 million (2019: €297.2 million) that relates to repurchase obligations resulting from the indirect leasing business.
in € million |
Dec. 31, 2020 |
Dec. 31, 2019 |
||
|---|---|---|---|---|
Non-current liabilities from lease business |
1,715.1 |
1,470.9 |
||
thereof from sale and leaseback sub-lease transactions |
788.4 |
819.7 |
||
thereof from lease facilities |
5.9 |
4.3 |
||
thereof from asset-backed securities |
734.2 |
416.4 |
||
thereof from repurchase obligations (indirect lease business) |
186.5 |
230.5 |
||
|
|
|
||
Current liabilities from lease business |
1,024.2 |
1,024.1 |
||
thereof from sale and leaseback sub-lease transactions |
336.6 |
342.1 |
||
thereof from lease facilities1 |
405.4 |
501.6 |
||
thereof from asset-backed securities |
213.1 |
113.8 |
||
thereof from repurchase obligations (indirect lease business) |
69.2 |
66.7 |
||
|
||||
Liabilities from the financing of the direct leasing business encompass liabilities arising from sale and leaseback sub-lease transactions with leasing companies in an amount of €1,125.0 million (December 31, 2019: €1,161.7 million). This includes liabilities of €242.2 million (2019: €432.1 million) related to sale and leaseback sub-lease transactions entered into up to December 31, 2017.
Furthermore, liabilities from the financing of the direct leasing business include liabilities from lease facilities in an amount of €411.3 million (2019: €505.9 million) and liabilities from the issuance of notes (securitization) in amount of €947.3 million (2019: €530.2 million), of which €519.8 million (2019: €285.9 million) was issued by K-Lift S.A.
The liabilities from the leasing business had the following maturities:
in € million |
Dec. 31, 2020 |
Dec. 31, 2019 |
|---|---|---|
Total future payments from lease business (gross) |
2,823.8 |
2,575.5 |
due within one year |
1,055.0 |
1,061.2 |
due in one to two years |
572.2 |
493.2 |
due in two to three years |
485.8 |
406.8 |
due in three to four years |
383.0 |
309.2 |
due in four to five years |
231.9 |
208.4 |
due in more than five years |
95.8 |
96.6 |
The future payments from the leasing business include payments amounting to €254.2 million (2019: €455.5 million) that relate to sale and leaseback sub-lease transactions entered into up to December 31, 2017.