26. Financial assets

Financial assets

in € thousand

 

31.12.2018

 

31.12.2017

Securities

 

2,414

 

6,227

Shares in affiliated companies

 

59

 

2,660

Other equity investments

 

661

 

241

Other financial assets

 

10,484

 

12,451

 

 

13,618

 

21,579

In the reporting year – as in the previous year – the securities relating to insolvency insurance for phased early retirement entitlements were netted out against the corresponding phased early retirement obligations because they fulfil the conditions for plan assets as per 19 (revised 2011). The securities portfolio recognised as plan assets in the financial year amounted to € 316 thousand (previous year: € 392 thousand), see Note 37. Before offsetting, this results in a securities portfolio of € 2,730 thousand (previous year: € 6,619 thousand).

The shares in affiliated companies include shares in Group companies which are of minor importance for giving a true and fair view of the Group’s earnings, net assets and financial position and are therefore not consolidated. The year-on-year decline resulted from the merger of JPFE-07 s.r.o., Ostrava, Czech Republic, which did not previously fall within the group of consolidated companies at HHLA, with Metrans a.s., Prague, Czech Republic.

Other financial assets primarily include receivables from a graduated rent totalling € 4,079 thousand (previous year: € 3,910 thousand), receivables from relief funds totalling € 2,441 thousand (previous year: € 2,530 thousand) and receivables from HPA amounting to € 287 thousand (previous year: € 317 thousand). The previous year’s figure includes receivables from bank guarantees in the amount of € 2,352 thousand.

IAS

International Accounting Standards.

Investments

Payments for investments in property, plant and equipment, investment property and intangible assets.