[31] Liabilities from lease business
Non-current and current liabilities from the lease business totaled €3,756.2 million (December 31, 2022: €3,214.6 million) and could be broken down into a sum of €3,620.5 million (December 31, 2022: €3,048.4 million) that relates to the financing of the direct lease business and a sum of €135.7 million (December 31, 2022: €166.3 million) that relates to repurchase obligations resulting from the indirect lease business.
in € million |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
Non-current liabilities from lease business |
2,715.5 |
2,314.2 |
thereof from sale and leaseback transactions |
828.2 |
727.0 |
thereof from lease facilities |
726.4 |
482.2 |
thereof from securitizations |
1,067.5 |
994.1 |
thereof from repurchase obligations (indirect lease business) |
93.5 |
111.0 |
|
|
|
Current liabilities from lease business |
1,040.7 |
900.4 |
thereof from sale and leaseback transactions |
343.4 |
324.8 |
thereof from lease facilities |
219.3 |
152.4 |
thereof from securitizations |
435.8 |
368.0 |
thereof from repurchase obligations (indirect lease business) |
42.2 |
55.3 |
Liabilities from the financing of the direct lease business encompassed liabilities arising from sale and leaseback transactions with leasing companies in an amount of €1,171.6 million (December 31, 2022: €1,051.7 million).
Furthermore, liabilities from the financing of the direct lease business included liabilities from lease facilities in an amount of €945.7 million (December 31, 2022: €634.5 million) and liabilities from the issuance of notes (securitization) in an amount of €1,503.3 million (December 31, 2022: €1,362.1 million).
The liabilities from the lease business had the following maturities:
in € million |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
Total future payments from lease business (gross) |
4,093.5 |
3,473.6 |
due within one year |
1,180.5 |
996.5 |
due in one to two years |
944.5 |
864.7 |
due in two to three years |
751.2 |
671.1 |
due in three to four years |
556.5 |
481.3 |
due in four to five years |
521.0 |
355.3 |
due in more than five years |
139.9 |
104.7 |