40. Non-Current and Current Liabilities to Related Parties

Non-Current and Current Liabilities to Related Parties as of 31 December 2015

in € thousand

 

Maturity
up to 1 year

 

Maturity
1 to 5 years

 

Maturity
over 5 years

 

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

Non-Current and Current Liabilities to Related Parties as of 31 December 2014

in € thousand

 

Maturity
up to 1 year

 

Maturity
1 to 5 years

 

Maturity
over 5 years

 

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.