[31] Liabilities from leasing business

Non-current and current liabilities from the leasing business total €2,739.3 million (2019: €2,495.0 million) and can be broken down into a sum of €2,483.6 million (2019: €2,197.8 million) that relates to the financing of the direct leasing business and a sum of €255.7 million (2019: €297.2 million) that relates to repurchase obligations resulting from the indirect leasing business.

Liabilities from lease business

in € million

Dec. 31, 2020

Dec. 31, 2019

Non-current liabilities from lease business

1,715.1

1,470.9

thereof from sale and leaseback sub-lease transactions

788.4

819.7

thereof from lease facilities

5.9

4.3

thereof from asset-backed securities

734.2

416.4

thereof from repurchase obligations (indirect lease business)

186.5

230.5

 

 

 

Current liabilities from lease business

1,024.2

1,024.1

thereof from sale and leaseback sub-lease transactions

336.6

342.1

thereof from lease facilities1

405.4

501.6

thereof from asset-backed securities

213.1

113.8

thereof from repurchase obligations (indirect lease business)

69.2

66.7

1

Includes liabilities previously reported under liabilities from financial services (other)

Liabilities from the financing of the direct leasing business encompass liabilities arising from sale and leaseback sub-lease transactions with leasing companies in an amount of €1,125.0 million (December 31, 2019: €1,161.7 million). This includes liabilities of €242.2 million (2019: €432.1  million) related to sale and leaseback sub-lease transactions entered into up to December 31, 2017.

Furthermore, liabilities from the financing of the direct leasing business include liabilities from lease facilities in an amount of €411.3 million (2019: €505.9 million) and liabilities from the issuance of notes (securitization) in amount of €947.3 million (2019: €530.2 million), of which €519.8 million (2019: €285.9 million) was issued by K-Lift S.A.

The liabilities from the leasing business had the following maturities:

Maturity analysis of liabilities from lease business

in € million

Dec. 31, 2020

Dec. 31, 2019

Total future payments from lease business (gross)

2,823.8

2,575.5

due within one year

1,055.0

1,061.2

due in one to two years

572.2

493.2

due in two to three years

485.8

406.8

due in three to four years

383.0

309.2

due in four to five years

231.9

208.4

due in more than five years

95.8

96.6

The future payments from the leasing business include payments amounting to €254.2 million (2019: €455.5 million) that relate to sale and leaseback sub-lease transactions entered into up to December 31, 2017.