40. Non-Current and Current Liabilities to Related Parties
in € thousand |
Maturity |
Maturity |
Maturity |
Total |
||||
Liablities to HPA (finance leases) |
342 |
1,894 |
104,410 |
106,646 |
||||
Other liabilities to related parties |
6,787 |
0 |
0 |
6,787 |
||||
|
7,129 |
1,894 |
104,410 |
113,433 |
in € thousand |
Maturity |
Maturity |
Maturity |
Total |
||||
Liablities to HGV |
65,276 |
0 |
0 |
65,276 |
||||
Liablities to HPA (finance leases) |
225 |
1,679 |
104,965 |
106,869 |
||||
Other liabilities to related parties |
8,239 |
0 |
0 |
8,239 |
||||
|
73,740 |
1,679 |
104,965 |
180,384 |
The 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.
Liabilities to HGV in the previous year included € 65,276 thousand from a loan pertaining to the Real Estate subgroup which attracts standard market interest along with the corresponding interest portion. In the third quarter of 2015, the loan granted by HGV was repaid by the issue of promissory note loans with a lower interest rate to banks and other creditors.