Level from FR Board, HREF, G.20 Finance Companies, Owned and Managed Receivables Outstanding, Consumer, Motor vehicle leases. Unadjusted flow is the change in the level; data for the most recent ten years show no significant seasonality. Receivables from these operating leases are not included in financial assets of finance companies or in liabilities of the households and nonprofit organizations sector. Rather, payments are booked as current income when they are received by the lessor and as current expenses of the lessees. The leased automobiles are tangible assets of the finance companies; depreciation flows for the automobiles are included in gross saving of the sector (FOF series FU616000105), and fixed investment flows, or purchases, are included in fixed investment of the sector (FOF series FU615013005). This series excludes consumer leases that have been securitized.