[32] Liabilities from short-term rental business
Non-current and current liabilities from the short-term rental business totaled €544.2 million (December 31, 2021: €488.9 million) and related to the financing of industrial trucks for the short-term rental fleet.
in € million |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
Non-current liabilities from short-term rental business |
354.1 |
321.4 |
thereof from sale and leaseback sub-lease transactions |
295.1 |
321.4 |
thereof from rental facilities |
59.0 |
– |
|
|
|
Current liabilities from short-term rental business |
190.1 |
167.5 |
thereof from sale and leaseback sub-lease transactions |
152.0 |
163.7 |
thereof from rental facilities |
38.2 |
3.7 |
Liabilities from the financing of the short-term rental business encompassed liabilities arising from sale and leaseback sub-lease transactions with leasing companies in an amount of €447.1 million (December 31, 2021: €485.2 million). This amount still included liabilities of €12.8 million (December 31, 2021: €43.2 million) related to sale and leaseback sub-lease transactions entered into up to December 31, 2017.
Furthermore, liabilities from the financing of the short-term rental business included liabilities from rental facilities in an amount of €97.1 million (December 31, 2021: €3.7 million).
The liabilities from the short-term rental business had the following maturities:
in € million |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
Total future payments from short-term rental business (gross) |
584.2 |
512.8 |
due within one year |
205.0 |
177.1 |
due in one to two years |
134.4 |
139.2 |
due in two to three years |
99.3 |
94.6 |
due in three to four years |
69.7 |
56.1 |
due in four to five years |
54.0 |
33.5 |
due in more than five years |
21.7 |
12.4 |
The future payments from the short-term rental business still included payments amounting to €13.0 million (2021: €44.3 million) that relate to sale and leaseback sub-lease transactions entered into up to December 31, 2017, most of which are due within one year.