16 Noncurrent and current financial services receivables
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CARRYING AMOUNT |
FAIR VALUE |
CARRYING AMOUNT |
FAIR VALUE |
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€ million |
Current |
Noncurrent |
Dec. 31, 2020 |
Dec. 31, 2020 |
Current |
Noncurrent |
Dec. 31, 2019 |
Dec. 31, 2019 |
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Receivables from financing business |
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Customer financing |
26,758 |
46,157 |
72,916 |
75,296 |
22,873 |
49,175 |
72,048 |
73,248 |
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Dealer financing |
12,435 |
1,994 |
14,428 |
14,400 |
16,781 |
2,512 |
19,293 |
19,270 |
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Direct banking |
307 |
7 |
314 |
315 |
305 |
5 |
310 |
310 |
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|
39,500 |
48,157 |
87,658 |
90,010 |
39,958 |
51,692 |
91,650 |
92,827 |
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Receivables from operating leases |
379 |
– |
379 |
379 |
285 |
– |
285 |
285 |
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Receivables from finance leases |
18,127 |
34,408 |
52,534 |
54,604 |
18,371 |
35,281 |
53,652 |
54,742 |
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|
58,006 |
82,565 |
140,571 |
144,994 |
58,615 |
86,973 |
145,588 |
147,855 |
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The receivables from customer financing and finance leases contained in financial services receivables of €140.6 billion (previous year: €145.6 billion) increased by €21 million (previous year: increased by €2 million) as a result of a fair value adjustment from portfolio hedging.
The receivables from customer and dealer financing are secured by vehicles or real property liens. Of the receivables, €33 million (previous year: €181 million) was furnished as collateral for financial liabilities and contingent liabilities.
The receivables from dealer financing include €35 million (previous year: €22 million) receivable from unconsolidated affiliated companies.