[18] Leased assets

The changes in leased assets in 2021 and 2020 were as follows:

Leased assets

in € million

2021

2020

Balance as at Jan. 1

1,333.3

1,361.2

Gross carrying amount as at Jan. 1

2,001.5

2,040.7

Accumulated depreciation as at Jan. 1

–668.3

–679.5

 

 

 

Group changes

24.0

Currency translation adjustments

18.7

–27.3

Additions

529.1

478.8

Disposals

–173.0

–149.5

Depreciation

–340.1

–327.9

Impairment

–0.5

–2.0

 

 

 

Balance as at Dec. 31

1,391.5

1,333.3

Gross carrying amount as at Dec. 31

2,052.3

2,001.5

Accumulated depreciation as at Dec. 31

–660.7

–668.3

Leased assets are attributable exclusively to the Industrial Trucks & Services segment and relate to industrial trucks that are provided for use to external customers under operating leases in the direct lease business or as part of the indirect lease business.

In the direct lease business, industrial trucks with a carrying amount of €1,022. million (December 31, 2020: €880.7 million) were provided to customers for their use. The indirect lease business resulted in assets with a carrying amount of €369.4 million (December 31, 2020: €452.6 million).

As at December 31, 2021, leased assets of €413.8 million (December 31, 2020: €341.5 million) were available as collateral for liabilities from lease business.

Leased assets resulted in future lease payments expected to be paid by customers under operating leases amounting to €955.8 million (December 31, 2020: €883.7 million). The maturity structure of these expected future payments in the lease business is shown in the following table:

Expected future payments from lease business

in € million

2021

2020

Payments from lease business

955.8

883.7

due within one year

354.0

297.4

due in one to two years

271.1

241.1

due in two to three years

178.7

178.9

due in three to four years

103.0

108.4

due in four to five years

41.0

46.5

due in more than five years

8.0

11.4