Currency translation income on lease liabilities totaled €58 million (previous year: €41 million), while the related expenses amounted to €38 million (previous year: €51 million). Gains from sale-and-leaseback transactions came in at €47 million (previous year: €84 million) with €38 million (previous year: €39 million) attributable to real estate development projects. The right-of-use assets carried as noncurrent assets resulting from leases are presented separately in the following table:
RIGHT-OF-USE ASSETS
€m
Land and buildings
Technical equipment and machinery
Operating and office
equipment
Aircraft
Transport equipment
Advance payments and assets under development
Total
December 31, 2022
Accumulated cost
14,344
244
11
4,096
1,297
264
20,256
of which additions
2,260
40
3
987
366
83
3,739
Accumulated depreciation and impairment losses
5,462
132
7
1,202
613
0
7,416
Carrying amount
8,882
112
4
2,894
684
264
12,840
December 31, 2023
Accumulated cost
15,406
239
11
4,674
1,671
158
22,159
of which additions
2,036
40
1
608
591
63
3,339
Accumulated depreciation and impairment losses
6,458
135
7
1,427
701
0
8,728
Carrying amount
8,948
104
4
3,247
970
158
13,431
In the real estate area, the Group primarily leases warehouses, office buildings and mail and parcel centers. The leased aircraft are predominantly deployed in the air network of the Express segment. The additions also relate to the renewal of the aircraft fleet. Leased transport equipment also includes the leased vehicle fleet. The real estate leases in particular are long-term leases. The Group had 84 real estate leases with remaining lease terms of more than 20 years as of December 31, 2023 (previous year: 77 leases). Aircraft leases have remaining lease terms of up to 15 years (previous year: 14 years). Leases may include extension and termination options, note 7. The leases are negotiated individually and include a wide range of different conditions.
Future cash outflows amounted to €17 billion (previous year: €16 billion) as of the reporting date, note 43. Possible future cash outflows amounting to €4.2 billion (previous year: €3.6 billion) were not included in lease liabilities because it is not reasonably certain that the leases will be extended (or not terminated). Leases that the Group has entered into as a lessee but that have not yet commenced result in possible future payment outflows totaling €2.3 billion (previous year: €2.6 billion), which primarily result from the renewal of the aircraft fleet. Additional information on the lessee required under IFRS 16 can be found in notes 12,14,18,39and 42.
