Mercedes 2015 Annual Report Download - page 237

244 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
24. Financing liabilities
The composition of financing liabilities is shown
in table  E.58.
Liabilities from finance leases relate primarily to leases
of property, plant and equipment which transfer substantially
all risks and rewards to the Group as lessee. Future minimum
lease payments under finance leases amounted to €411 million
at December 31, 2015 (2014: €436 million). The reconciliation
of future minimum lease payments from finance lease arrange-
ments to the corresponding liabilities is shown in table  E.59.
Financing liabilities
At December 31, 2015 At December 31, 2014
Current Non-current Total Current Non-current Total
In millions of euros
Notes/bonds 10,238 41,173 51,411 9,914 33,262 43,176
Commercial paper 2,961 – 2,961 2,269 8 2,277
Liabilities to financial institutions 15,226 12,085 27,311 11,101 11,792 22,893
Deposits in the direct banking business 8,012 2,520 10,532 8,350 2,503 10,853
Liabilities from ABS transactions 3,990 3,388 7,378 4,114 1,875 5,989
Liabilities from finance leases 43 220 263 40 245 285
Loans, other financing liabilities 841 445 1,286 502 714 1,216
41,311 59,831 101,142 36,290 50,399 86,689
E.58
Reconciliation of minimum lease payments to liabilities
from finance lease arrangements
Future minimum
lease payments
Interest included in future
minimum lease payments
Liabilities from finance
lease arrangements
at December 31, at December 31, at December 31,
2015 2014 2015 2014 2015 2014
In millions of euros
Maturity
within one year 56 56 13 16 43 40
between one and five years 155 149 70 56 85 93
later than five years 200 231 65 79 135 152
411 436 148 151 263 285
E.59