Mercedes 2013 Annual Report Download - page 210

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11. Property, plant and equipment
Property, plant and equipment developed as shown
in table  F.32.
In 2013, government grants of €34 million (2012: €75 million)
were deducted from property, plant and equipment.
Property, plant and equipment include buildings, technical
equipment and other equipment capitalized under finance lease
arrangements with a carrying amount of €262 million (2012:
€348 million). In 2013, additions to and depreciation expense
on assets under finance lease arrangements amounted to
€17 million (2012: €33 million) and €67 million (2012: €93 million),
respectively.
12. Equipment on operating leases
The development of equipment on operating leases
is included in table  F.33.
As of December 31, 2013, equipment on operating leases with
a carrying amount of €5,084 million is pledged as security
for liabilities from ABS transactions related to a securitization
transaction of future lease payments on operating leases and
related vehicles (December 31, 2012: €3,803 million) (see also
Note 24).
Minimum lease payments. Non-cancelable future lease
payments to Daimler for equipment on operating leases are
due as presented in table  F.34.
Equipment on operating leases
In millions of euros
Acquisition or manufacturing costs
Balance at January 1, 2012 28,409
Additions due to business combinations –
Other additions 14,700
Reclassifications –
Disposals -10,742
Other changes1-22
Balance at December 31, 2012 32,345
Additions due to business combinations –
Other additions 15,953
Reclassifications 13
Disposals -12,458
Other changes1-975
Balance at December 31, 2013 34,878
Depreciation
Balance at January 1, 2012 5,598
Additions 3,813
Reclassifications –
Disposals -3,161
Other changes137
Balance at December 31, 2012 6,287
Additions 4,376
Reclassifications –
Disposals -3,733
Other changes1-212
Balance at December 31, 2013 6,718
Carrying amount at December 31, 2012 26,058
Carrying amount at December 31, 2013 28,160
1 Primarily changes from currency translation.
F.33
Maturity of minimum lease payments for equipment on operating leases
At December 31,
2013 2012
In millions of euros
Maturity
within one year 4,877 4,391
between one and five years 4,692 4,913
later than 5 years 112 156
9,681 9,460
F.34