Mercedes 2015 Annual Report Download - page 217

224 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
12. Equipment on operating leases
The development of equipment on operating leases
is shown in table  E.29.
At December 31, 2015, equipment on operating leases with
a carrying amount of €5,404 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 (2014: €4,392 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  E.30.
Equipment on operating leases
In millions of euros
Acquisition or manufacturing costs
Balance at January 1, 2014 34,878
Additions due to business acquisitions –
Other additions 18,052
Reclassifications -9
Disposals -14,479
Other changes12,486
Balance at December 31, 2014 40,928
Additions due to business acquisitions –
Other additions 21,636
Reclassifications 1
Disposals -16,637
Other changes12,163
Balance at December 31, 2015 48,091
Depreciation/impairment
Balance at January 1, 2014 6,718
Additions 5,049
Reclassifications –
Disposals -4,341
Other changes1452
Balance at December 31, 2014 7,878
Additions 5,946
Reclassifications –
Disposals -5,073
Other changes1398
Balance at December 31, 2015 9,149
Carrying amount at December 31, 2014 33,050
Carrying amount at December 31, 2015 38,942
1 Primarily changes from currency translation.
E.29
Maturity of minimum lease payments
for equipment on operating leases
At December 31,
2015 2014
In millions of euros
Maturity
within one year 6,805 5,742
between one and five years 7,437 5,990
later than 5 years 64 48
14,306 11,780
E.30