[21] Lease receivables

Maturity analysis of lease receivables

in € million

Dec. 31, 2022

Dec. 31, 2021

Nominal value of outstanding lease payments

1,818.7

1,705.4

due within one year

556.4

505.0

due in one to two years

463.0

431.4

due in two to three years

351.7

340.6

due in three to four years

233.1

235.2

due in four to five years

133.8

128.1

due in more than five years

80.7

65.1

 

 

 

Plus unguaranteed residual values

302.5

248.9

Less unearned financial income

–174.8

–155.3

Present value of outstanding lease payments

1,946.4

1,798.9

Valuation allowances for lease receivables

–8.3

–9.2

Adjustment from hedge accounting

–47.8

–5.7

Total lease receivables

1,890.3

1,784.0

The average loss rates used for the recognition of valuation allowances for lease receivables in accordance with the simplified impairment approach under IFRS 9 vary depending on the country. They ranged from 0.1 percent to 0.3 percent as at December 31, 2022 (December 31, 2021: 0.1 percent to 0.4 percent).

As at December 31, 2022, outstanding lease payments with a present value of €754.4 million (December 31, 2021: €654.4 million) were available as collateral for liabilities from the lease business.

Further information on hedge accounting adjustments can be found in note [42].

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