[21] Lease receivables
in € million |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
Nominal value of outstanding lease payments |
1,818.7 |
1,705.4 |
due within one year |
556.4 |
505.0 |
due in one to two years |
463.0 |
431.4 |
due in two to three years |
351.7 |
340.6 |
due in three to four years |
233.1 |
235.2 |
due in four to five years |
133.8 |
128.1 |
due in more than five years |
80.7 |
65.1 |
|
|
|
Plus unguaranteed residual values |
302.5 |
248.9 |
Less unearned financial income |
–174.8 |
–155.3 |
Present value of outstanding lease payments |
1,946.4 |
1,798.9 |
Valuation allowances for lease receivables |
–8.3 |
–9.2 |
Adjustment from hedge accounting |
–47.8 |
–5.7 |
Total lease receivables |
1,890.3 |
1,784.0 |
The average loss rates used for the recognition of valuation allowances for lease receivables in accordance with the simplified impairment approach under IFRS 9 vary depending on the country. They ranged from 0.1 percent to 0.3 percent as at December 31, 2022 (December 31, 2021: 0.1 percent to 0.4 percent).
As at December 31, 2022, outstanding lease payments with a present value of €754.4 million (December 31, 2021: €654.4 million) were available as collateral for liabilities from the lease business.
Further information on hedge accounting adjustments can be found in note [42].