[31] Liabilities from lease business
Non-current and current liabilities from the lease business totaled €4,407.5 million (December 31, 2023: €3,756.2 million) and could be broken down into a sum of €4,280.5 million (December 31, 2023: €3,620.5 million) that relates to the financing of the direct lease business and a sum of €127.0 million (December 31, 2023: €135.7 million) that relates to repurchase obligations resulting from the indirect lease business.
in € million |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
Non-current liabilities from lease business |
3,225.3 |
2,715.5 |
thereof from sale and leaseback transactions |
995.8 |
828.2 |
thereof from lease facilities |
897.3 |
726.4 |
thereof from securitizations |
1,237.2 |
1,067.5 |
thereof from repurchase obligations (indirect lease business) |
95.0 |
93.5 |
|
|
|
Current liabilities from lease business |
1,182.2 |
1,040.7 |
thereof from sale and leaseback transactions |
368.2 |
343.4 |
thereof from lease facilities |
288.5 |
219.3 |
thereof from securitizations |
493.5 |
435.8 |
thereof from repurchase obligations (indirect lease business) |
32.0 |
42.2 |
Liabilities from the financing of the direct lease business encompassed liabilities arising from sale and leaseback transactions with leasing companies in an amount of €1,363.9 million (December 31, 2023: €1,171.6 million).
Furthermore, liabilities from the financing of the direct lease business included liabilities from lease facilities in an amount of €1,185.8 million (December 31, 2023: €945.7 million) and liabilities from the issuance of notes (securitization) in an amount of €1,730.8 million (December 31, 2023: €1,503.3 million).
The liabilities from the lease business had the following maturities:
in € million |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
Total future payments from lease business (gross) |
4,769.2 |
4,093.5 |
due within one year |
1,301.6 |
1,180.5 |
due in one to two years |
1,086.4 |
944.5 |
due in two to three years |
870.7 |
751.2 |
due in three to four years |
702.8 |
556.5 |
due in four to five years |
638.6 |
521.0 |
due in more than five years |
169.2 |
139.9 |