16. Leased assets
in € million |
2025 |
2024 |
|---|---|---|
Balance as at Jan. 1 |
1,631.5 |
1,454.9 |
Gross carrying amount as at Jan. 1 |
2,177.2 |
2,075.1 |
Accumulated depreciation as at Jan. 1 |
–545.7 |
–620.3 |
|
|
|
Group changes |
4.9 |
34.0 |
Currency translation adjustments |
–14.4 |
5.2 |
Additions |
692.7 |
702.4 |
Disposals |
–207.6 |
–205.9 |
Depreciation |
–380.7 |
–359.6 |
Impairment |
–0.0 |
–0.3 |
Reversals of impairment losses |
0.0 |
0.9 |
|
|
|
Balance as at Dec. 31 |
1,726.4 |
1,631.5 |
Gross carrying amount as at Dec. 31 |
2,232.7 |
2,177.2 |
Accumulated depreciation as at Dec. 31 |
–506.3 |
–545.7 |
In the direct lease business, industrial trucks with a carrying amount of €1,484.3 million (December 31, 2024: €1,366.8 million) were provided to customers for their use. The indirect lease business resulted in assets with a carrying amount of €242.1 million (December 31, 2024: €264.8 million).
As at December 31, 2025, leased assets of €593.3 million (December 31, 2024: €539.3 million) were available as collateral in connection with the financing of the lease business. The liabilities resulting from the related finance transactions are recognized under liabilities from lease business (securitizations).
The maturity structure of the future lease payments resulting from leased assets that are expected to be paid by customers under operating leases is shown in the following table:
in € million |
2025 |
2024 |
|---|---|---|
Total payments |
1,456.2 |
1,339.6 |
due within one year |
531.1 |
490.4 |
due in one to two years |
395.7 |
358.6 |
due in two to three years |
279.7 |
251.3 |
due in three to four years |
164.2 |
161.1 |
due in four to five years |
65.5 |
64.8 |
due in more than five years |
19.9 |
13.5 |