[21] Lease receivables
The lease receivables of €1,421.0 million (2018: €1,097.3 million) are based on the data shown in > TABLE 070.
in € million |
2019 |
2018 |
|---|---|---|
Nominal value of outstanding lease payments |
1,380.9 |
1,069.5 |
due within one year |
375.3 |
311.5 |
due in one to two years |
328.3 |
256.9 |
due in two to three years |
270.8 |
208.2 |
due in three to four years |
207.7 |
152.2 |
due in four to five years |
128.5 |
89.5 |
due in more than five years |
70.2 |
51.2 |
|
|
|
Plus unguaranteed residual values |
176.9 |
135.7 |
due within one year |
17.6 |
13.0 |
due in one to two years |
19.4 |
16.1 |
due in two to three years |
24.9 |
20.9 |
due in three to four years |
35.0 |
26.8 |
due in four to five years |
38.0 |
31.7 |
due in more than five years |
42.0 |
27.2 |
|
|
|
Less unearned financial income |
136.9 |
107.8 |
|
|
|
Present value of outstanding lease payments |
1,421.0 |
1,097.3 |
Lease receivables are financed by means of sale and leaseback sub-lease transactions with leasing companies in an amount of €705.1 million (2018: €764.5 million) and by means of lease facilities and the issuance of notes (securitisation) in an amount of €628.3 million (2018: €246.0 million).