40. Non-current and Current Liabilities to Related Parties

Non-Current and Current Liabilities to Related Parties as of 31 December 2017

in € thousand

 

Maturity
up to 1 year

 

Maturity
1 to 5 years

 

Maturity
over 5 years

 

Total

Liabilities to HPA (finance leases)

 

444

 

2,500

 

102,970

 

105,914

Other liabilities to related parties

 

7,614

 

0

 

0

 

7,614

 

 

8,058

 

2,500

 

102,970

 

113,528

Non-Current and Current Liabilities to Related Parties as of 31 December 2016

in € thousand

 

Maturity
up to 1 year

 

Maturity
1 to 5 years

 

Maturity
over 5 years

 

Total

Liabilities to HPA (finance leases)

 

390

 

2,192

 

103,722

 

106,304

Other liabilities to related parties

 

8,950

 

0

 

0

 

8,950

 

 

9,340

 

2,192

 

103,722

 

115,254

The finance lease liabilities to HPA involve leased mega-ship berths at both the Container Terminal Burchardkai and the Container Terminal Tollerort in Hamburg. The amount recognised in the balance sheet is equivalent to the present value of finance lease liabilities and is based on a lease term up to and including 2062, see also Note 45 and Note 47.

Financial Liabilities to Related Parties for which the Fair Values do not correspond to the Book Values

 

 

Carrying amount

 

Fair value

in € thousand

 

31.12.2017

 

31.12.2016

 

31.12.2017

 

31.12.2016

Liabilities to HPA (finance leases)

 

105,914

 

106,304

 

141,722

 

149,820