Translation of "Leasingvermögen" in English

Leased assets are described in note[18].

The leased assets of the Financial Services segment amounted to €267.4million at the reporting date (31December 2013: €240.7million).

The changes in leased assets in 2009 and 2010 were as follows:

Leased assets resulted in non-cancellable minimum lease payments from customers amounting to €225.8million (31December2012: €189.6million).

Investments in lease assets significantly increased by 31.3 per cent to EUR 619.2 million.

Investments in lease assets increased by 31.3 per cent to EUR 619.2 million.

Due to the overall growth in business, leased assets for leases with end customers that are classified as operating leases increased to €429.7million (31December2015: 334.4million).

If the economic ownership of leased assets remains with a KION Group company as the lessor under an operating lease, the assets are reported as leased assets in a separate item on the face of the statement of financial position.

The KION Group’s total capital expenditure on property, plant and equipment and on intangible assets (excluding leased and rental assets) came to €166.7million in the reporting year, compared with €142.6million in 2015.

Information on leases can be found in the sections on leases/rental, leased assets, rental assets and other property, plant and equipment in this note.

Leased assets for leases with end customers that are classified as operating leases rose only slightly, from €251.9million at 31December 2013 to €259.9million at 30June 2014.

Whereas lease liabilities arising from sale and leaseback transactions stood at €802.5million (31December 2014: €707.7million), lease receivables amounted to €554.6million (31December 2014: €490.6million) and leased assets amounted to €262.5million (31December 2014: €230.5million). Both items resulted from long-term leases with end customers and are funded using sale and leaseback transactions.

Due to the overall growth in business, leased assets for leases with end customers that are classified as operating leases rose slightly, from €279.0million at 31December 2014 to €288.6million at 31March 2015.

Leased assets for direct and indirect leases with end customers that are classified as operating leases decreased moderately to €1,208.2million (31December 2017: €1,246.3million).

The KIONGroup’s total capital expenditure on property, plant and equipment and on intangible assets (excluding leased and rental assets) came to €144.0million in the first nine months of the year, compared with €100.9million in the first nine months of 2016.

During 2011, capital expenditure (excluding equity investments and additions to leased assets) was focused on product development and the subsequent adjustments in production, on the streamlining of production and on IT systems.

The KION Group’s total capital expenditure on property, plant and equipment and on intangible assets (excluding leased and rental assets) came to €42.7million in the first quarter, compared with €27.8million in the first three months of 2016.

Leased assets for leases with end customers that are classified as operating leases increased to €443.9million (31December2016: €429.7million).

KION’s good operational development led to an increase in leasing assets in spite of the separation of leased and rental assets resulting from the new segmentation (see note 8).

Further information on leases can be found in the sections on leases / short-term rentals, leased assets, rental assets and other property, plant and equipment in the relevant notes.

Whereas lease liabilities arising from sale and leaseback transactions stood at €904.3million (31December 2015: €855.6million), lease receivables arising from sale and leaseback transactions amounted to €606.4million (31December 2015: €592.0million) and leased assets under sale and leaseback transactions totalled €325.0million (31December 2015: €285.9million).

If the economic ownership of leased assets remains with a KION Group company as the lessor under an operating lease, the assets are reported as leased assets in a separate item in the statement of financial position.

Against the backdrop of the reduced capacity utilisation resulting from the economic crisis, the KION Group's capital expenditure (excluding equity investments and additions to leased assets) was targeted at support for restructuring projects as part of the KIARA performance enhancement programme and at investment in products and IT.

The assets attributable to the Financial Services segment include long-term leases which were reported as either leased assets or lease receivables, depending on the type of lease.

As the financing partner usually does not obtain control over the industrial truck, it is recognised as a leased asset in the statement of financial position or, if the risks and rewards have been transferred to the end customer, as a lease receivable.

Due to the overall growth in business, leased assets for leases with end customers that are classified as operating leases increased to €352.8million (31December 2015: €334.4million).

Leased assets for leases with end customers that are classified as operating leases rose only slightly, from €251.9million at 31December 2013 to €254.3million at 31March 2014.

The buildings, plant and machinery, and office furniture and equipment leased under finance leases are reported in leased assets with a residual value of €15,694 thousand (31December 2010: €23,855thousand).

Leased assets for leases with end customers that are classified as operating leases rose to €483.4million (31December 2016: €429.7million).