[34] Other financial liabilities

Other financial liabilities comprise the following items: > TABLE 093

Other financial liabilities

093

in € million

2016

2015

Liabilities from finance leases

341.7

311.6

Sundry other financial liabilities

7.5

4.0

Other non-current financial liabilities

349.3

315.6

 

 

 

Liabilities from finance leases

136.0

127.4

Derivative financial instruments

22.4

12.4

Liabilities from accrued interest

12.4

19.8

Sundry other financial liabilities

51.8

34.7

Other current financial liabilities

222.6

194.4

 

 

 

Total other financial liabilities

571.9

510.1

The derivative financial instruments include a call option on the 10 per cent equity investment of the KION Group in Linde Hydraulics amounting to €0.3 million (31 December 2015: €0.6 million). The current sundry other financial liabilities include, for the first time, liabilities from financial services in connection with the funding of the long-term leasing business amounting to €8.3 million (31 December 2015: €0.0 million).

The liabilities from finance leases comprise liabilities arising from the financing of industrial trucks for short-term rental of €440.0 million (31 December 2015: €403.2 million) and residual value obligations of €16.7 million (31 December 2015: €17.8 million). The KION Group has also recognised other financial liabilities amounting to €21.0 million (31 December 2015: €18.1 million) arising from procurement leases classified as finance leases due to their terms and conditions.

The finance lease obligations are based on the following future minimum lease payments: > TABLE 094

Minimum lease payments

094

in € million

2016

2015

Total minimum lease payments (gross)

514.2

473.2

due within one year

150.3

141.8

due in one to five years

350.6

318.8

due in more than five years

13.3

12.6

 

 

 

Present value of minimum lease payments

477.7

439.0

due within one year

136.0

127.4

due in one to five years

329.0

299.4

due in more than five years

12.8

12.2

 

 

 

Interest included in minimum lease payments

36.5

34.1