[19] Rental assets

The changes in rental assets in 2020 and 2019 were as follows:

Rental assets

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.