(19) Receivables from financial services

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Within the framework of the financial services business in which Jungheinrich Group companies act as lessors, the net investment values of customer leases classified as ‘finance leases’ in accordance with IFRS are capitalized as receivables from financial services.

Receivables from financial services are based on the following data:

Receivables from financial services include minimum lease payments from sublease arrangements amounting to €119,112 thousand (prior year: €121,733 thousand).

Receivables from financial services with a carrying amount of €251,308 thousand (prior year: €210,722 thousand) have been put up as collateral for the associated liabilities from financial services within the scope of the sale of future leasing rates from intragroup usage right agreements.