(28) Liabilities from financial services

---

€32,107 thousand (prior year: €36,441 thousand) of the liabilities from financial services consisted of residual value guarantees relating to lease contracts with a leasing company acting as intermediary and with residual values exceeding 10 per cent of the truck value.

This item also contains €611,063 thousand (prior year: €504,780 thousand) in liabilities from financing. They result from the financing of long-term customer contracts with identical maturities. Depending on whether commercial ownership is attributed to Jungheinrich Group companies, these contracts are capitalized under receivables from financial services (‘finance leases’) or under trucks for lease from financial services (‘operating leases’).

Liabilities from financing, which are reduced over the term of the contracts, were due as of the balance sheet date as follows:

Liabilities from financing include future minimum lease payments from financing under sale and leaseback agreements in the amount of €139,146 thousand (prior year: €140,420 thousand).