[19] Rental assets
The changes in rental assets in 2020 and 2019 were as follows:
in € million |
2020 |
2019 |
|---|---|---|
Balance as at Jan. 1 |
632.9 |
670.5 |
Group changes |
– |
3.8 |
Currency translation adjustments |
–15.2 |
5.5 |
Additions |
265.8 |
381.1 |
Disposals |
–165.5 |
–222.5 |
Depreciation |
–187.7 |
–205.4 |
Impairment |
–0.6 |
– |
|
|
|
Balance as at Dec. 31 |
529.6 |
632.9 |
Gross carrying amount as at Dec. 31 |
990.4 |
1,104.7 |
Accumulated depreciation |
–460.8 |
–471.8 |
Rental assets are allocated solely to the Industrial Trucks & Services segment and comprise assets in the short-term rental fleet.
Rental assets include industrial trucks with a carrying amount of €452.7 million (December 31, 2019: €554.5 million) that are financed by means of sale and leaseback sub-lease transactions with leasing companies.