14 Lease assets and investment property
€ million |
|
Lease assets |
|
Investment property |
|
Total |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Cost |
|
67,127 |
|
869 |
|
67,996 |
Foreign exchange differences |
|
2,791 |
|
21 |
|
2,812 |
Changes in consolidated Group |
|
283 |
|
48 |
|
331 |
Additions |
|
29,108 |
|
9 |
|
29,117 |
Transfers |
|
–26 |
|
2 |
|
–24 |
Disposals |
|
20,136 |
|
3 |
|
20,139 |
Balance at Dec. 31, 2021 |
|
79,146 |
|
947 |
|
80,092 |
Amortization and impairment |
|
16,441 |
|
311 |
|
16,752 |
Foreign exchange differences |
|
894 |
|
4 |
|
898 |
Changes in consolidated Group |
|
10 |
|
0 |
|
10 |
Additions to cumulative amortization |
|
9,564 |
|
18 |
|
9,582 |
Additions to cumulative impairment losses |
|
434 |
|
– |
|
434 |
Transfers |
|
–4 |
|
0 |
|
–4 |
Disposals |
|
7,234 |
|
1 |
|
7,234 |
Reversal of impairment losses |
|
659 |
|
0 |
|
660 |
Balance at Dec. 31, 2021 |
|
19,447 |
|
332 |
|
19,779 |
Carrying amount at Dec. 31, 2021 |
|
59,699 |
|
615 |
|
60,313 |
€ million |
|
Lease assets |
|
Investment property |
|
Total |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Cost |
|
64,384 |
|
845 |
|
65,229 |
Foreign exchange differences |
|
–2,972 |
|
–23 |
|
–2,995 |
Changes in consolidated Group |
|
15 |
|
– |
|
15 |
Additions |
|
24,772 |
|
27 |
|
24,799 |
Transfers |
|
67 |
|
39 |
|
106 |
Disposals |
|
19,139 |
|
19 |
|
19,159 |
Balance at Dec. 31, 2020 |
|
67,127 |
|
869 |
|
67,996 |
Amortization and impairment |
|
15,446 |
|
307 |
|
15,753 |
Foreign exchange differences |
|
–975 |
|
–4 |
|
–979 |
Changes in consolidated Group |
|
3 |
|
– |
|
3 |
Additions to cumulative amortization |
|
8,645 |
|
17 |
|
8,662 |
Additions to cumulative impairment losses |
|
764 |
|
1 |
|
765 |
Transfers |
|
35 |
|
1 |
|
36 |
Disposals |
|
7,282 |
|
11 |
|
7,293 |
Reversal of impairment losses |
|
195 |
|
0 |
|
195 |
Balance at Dec. 31, 2020 |
|
16,441 |
|
311 |
|
16,752 |
Carrying amount at Dec. 31, 2020 |
|
50,686 |
|
558 |
|
51,244 |
Lease assets include assets leased out under the terms of operating leases and assets covered by long-term buyback agreements.
Investment property includes apartments rented out and leased dealerships with a fair value of €1,436 million (previous year: €1,199 million). Fair value is estimated using an investment method based on internal calculations (Level 3 of the fair value hierarchy). Operating expenses of €64 million (previous year: €55 million) were incurred for the maintenance of investment property in use. Expenses of €1.0 million (previous year: €0.4 million) were incurred for unused investment property.
Rental income from investment property amounted to €58 million in the fiscal year (previous year: €58 million).