[23] Lease receivables

For leases where KION Group companies lease assets directly to customers as part of the Group's financing activities, the Group's net investment in the lease is reported as a lease receivable.

The amounts recognised as lease receivables are based on the following data:

Lease receivables

€ thousand

2012

2011

 

 

 

Gross investments

443,452

399,726

due within one year

150,995

135,897

due in one to five years

282,293

254,724

due in more than five years

10,164

9,105

 

 

 

Present value of outstanding minimum lease payments

399,269

361,221

due within one year

132,129

118,381

due in one to five years

257,328

234,043

due in more than five years

9,812

8,797

 

 

 

Unrealised financial income

44,183

38,505

Gross investments include minimum lease payments from non-cancellable sub-leases amounting to €345,499 thousand (31 December 2011: €326,930 thousand).

Lease receivables include the unguaranteed residual values accruing to the benefit of the KION Group in the amount of €44,051 thousand (31 December 2011: €38,714 thousand).

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