[34] Other financial liabilities

Other financial liabilities comprise the following items: > TABLE 093

Other financial liabilities

093

in € million

2017

2016

Liabilities from finance leases

382.3

341.7

Derivative financial instruments

1.9

Sundry other financial liabilities

23.6

7.5

Other non-current financial liabilities

407.8

349.3

 

 

 

Liabilities from finance leases

159.1

136.0

Liabilities for financial services

85.7

8.3

Derivative financial instruments

3.3

22.4

Liabilities from accrued interest

14.5

12.4

Sundry other financial liabilities

34.1

43.6

Other current financial liabilities

296.7

222.6

 

 

 

Total other financial liabilities

704.5

571.9

The non-current derivative financial instruments consist of a number of interest-rate derivatives that were entered into in order to hedge the interest-rate risk resulting from the floating-rate tranches of the promissory note. The current derivative financial instruments include a call option of Weichai Power (Luxembourg) Holding S.à r.l., Luxembourg (‘Weichai Power’) on the 10 per cent equity investment of the KION Group in Linde Hydraulics amounting to €0.0 million (31 December 2016: €0.3 million).

The liabilities for financial services relate to the funding of the long-term leasing business.

The liabilities from finance leases comprise liabilities arising from the financing of industrial trucks for short-term rental of €493.8 million (31 December 2016: €440.0 million) and residual value obligations of €18.2 million (31 December 2016: €16.7 million). The KION Group has also recognised other financial liabilities amounting to €29.4 million (31 December 2016: €21.0 million) arising from procurement leases classified as finance leases due to their terms and conditions.

The liabilities from finance leases are based on the following future minimum lease payments: > TABLE 094

Future minimum lease payments

094

in € million

2017

2016

Total future minimum lease payments (gross)

576.3

514.2

due within one year

173.6

150.3

due in one to five years

383.7

350.6

due in more than five years

19.0

13.3

 

 

 

Present value of future minimum lease payments

541.4

477.7

due within one year

159.1

136.0

due in one to five years

363.7

329.0

due in more than five years

18.6

12.8

 

 

 

Interest included in future minimum lease payments

34.8

36.5