[27] Assets held for sale
In the first half of 2024, the Industrial Trucks & Services segment saw the completion of the sales of the two Russian subsidiaries OOO ‘Linde Material Handling Rus’ and OOO ‘STILL Forklifttrucks’, the Norwegian subsidiary STILL Norge AS, and the Finnish branch of STILL Sverige AB, all of whose assets and liabilities had been classified as held for sale as at December 31, 2023. The net cash receipts from these disposals totaled €10.3 million.
As a result of the aforementioned sales, there were no assets or liabilities classified as held for sale as at December 31, 2024.
As at December 31, 2023, the disposal groups had been measured at fair value less costs to sell, on the basis of the agreed purchase prices. They had been classified as Level 2 of the fair value hierarchy. The disposal groups had contained the following assets and liabilities:
in € million |
Dec. 31, 2024 |
Dec. 31, 2023 |
||
|---|---|---|---|---|
Leased assets |
– |
7.8 |
||
Rental assets |
– |
7.2 |
||
Inventories |
– |
12.6 |
||
Cash and cash equivalents1 |
– |
8.9 |
||
Other assets |
– |
18.7 |
||
Assets held for sale |
– |
55.2 |
||
|
|
|
||
Liabilities from lease business |
– |
15.7 |
||
Liabilities from short-term rental business |
– |
13.1 |
||
Contract liabilities |
– |
4.7 |
||
Other liabilities |
– |
11.7 |
||
Liabilities directly associated with assets held for sale |
– |
45.2 |
||
|
||||