[33] Other financial liabilities
Other financial liabilities comprise the following items: > TABLE 083
|
Other financial liabilities |
083 |
|
|
in € million |
2014 |
2013 |
|
Liabilities from finance leases |
231.6 |
220.0 |
|
Deferred income |
151.2 |
139.4 |
|
Sundry other liabilities |
2.6 |
5.6 |
|
Derivative financial instruments |
2.4 |
27.2 |
|
Other non-current liabilities |
387.8 |
392.1 |
|
|
|
|
|
Liabilities from finance leases |
141.5 |
143.0 |
|
Deferred income |
84.5 |
81.3 |
|
Personnel liabilities |
167.3 |
160.7 |
|
Derivative financial instruments |
10.9 |
1.9 |
|
Social security liabilities |
36.6 |
36.4 |
|
Tax liabilities |
60.3 |
66.3 |
|
Advances received from third parties |
39.2 |
32.4 |
|
Liabilities on bills of exchange |
2.0 |
1.8 |
|
Liabilities from accrued interest |
12.2 |
18.9 |
|
Sundry current financial liabilities |
49.3 |
33.4 |
|
Other current liabilities |
603.9 |
576.0 |
|
|
|
|
|
Total other liabilities |
991.7 |
968.1 |
The non-current derivative financial instruments include a call option on a portion of the shares in Linde Hydraulics amounting to €2.4 million (2013: €22.6 million). The current derivative financial instruments include another call option on a portion of the shares in Linde Hydraulics amounting to €0.6 million. In the previous year, the latter call option had been reported under non-current derivative financial instruments in an amount of €4.7 million.
The finance lease obligations comprise liabilities arising from the financing of industrial trucks for short-term rental of €339.1 million (2013: €327.5 million) and residual value obligations of €18.5 million (2013: €17.3 million). The KION Group has also recognised other financial liabilities amounting to €15.6 million (31 December 2013: €18.2 million) arising from procurement leases, which are classified as finance leases due to their terms and conditions.
The finance lease obligations are based on the following future minimum lease payments: > TABLE 084
|
Minimum lease payments |
084 |
|
|
in € million |
2014 |
2013 |
|
Total minimum lease payments (gross) |
405.0 |
402.2 |
|
due within one year |
155.1 |
159.3 |
|
due in one to five years |
239.7 |
235.3 |
|
due in more than five years |
10.2 |
7.5 |
|
|
|
|
|
Present value of minimum lease payments |
373.1 |
363.0 |
|
due within one year |
141.5 |
143.0 |
|
due in one to five years |
221.8 |
212.9 |
|
due in more than five years |
9.8 |
7.1 |
|
|
|
|
|
Interest included in minimum lease payments |
31.9 |
39.2 |
Other financial liabilities include other non-derivative financial liabilities of €169.0 million (31 December 2013: €161.1 million) that fall within the scope of IFRS 7.