[35] Other financial liabilities

Other financial liabilities comprise the following items: > TABLE 094

Other financial liabilities094

in € million

2019

2018

Liabilities from short-term rental fleet financing

101.7

185.0

Liabilities from procurement leases

380.6

327.1

Derivative financial instruments

11.4

7.9

Sundry financial liabilities

7.1

4.7

Other non-current financial liabilities

500.9

524.6

 

 

 

Liabilities from short-term rental fleet financing

76.9

104.9

Liabilities from procurement leases

105.5

94.2

Derivative financial instruments

12.8

6.4

Liabilities from accrued interest

4.4

15.2

Sundry financial liabilities

84.4

67.9

Other current financial liabilities

284.0

288.6

 

 

 

Total other financial liabilities

784.9

813.2

Liabilities from short-term rental fleet financing relate to the financing of the short-term rental fleet by means of sale-and-leaseback sub-lease transactions entered into up to 31 December 2017 in the amount of €178.6 million (2018: €289.9 million). The amounts recognised as liabilities from short-term rental fleet financing and from procurement leases are based on the maturities shown in > TABLE 095. The increase in liabilities from procurement leases was primarily due to the start of two property leases.

Maturity analysis of procurement leases and short-term rental fleet095

 

Procurement leases

 

Financing short-term rental fleet

in € million

2019

2018

 

2019

2018

Total future payments (gross)

551.5

464.1

 

185.7

315.0

due within one year

117.6

105.8

 

80.9

122.8

due in one to two years

92.9

79.7

 

53.0

86.6

due in two to three years

75.3

57.5

 

35.9

53.8

due in three to four years

54.8

45.7

 

12.1

34.4

due in four to five years

39.8

34.0

 

2.9

12.2

due in more than five years

171.1

141.3

 

0.8

5.2

Derivative financial instruments comprise currency forwards and interest-rate swaps with a negative fair value that are used to reduce currency risk and interest-rate risk. Some of these derivative financial instruments are part of a formally documented hedge with a hedged item and are recognised in accordance with the hedge accounting rules (see note [41]).