25. Associates accounted for using the equity method

Associates accounted for using the equity method

in € thousand

 

31.12.2021

 

31.12.2020

Interests in joint ventures

 

12,442

 

13,230

Interests in associates companies

 

4,470

 

4,188

 

 

16,912

 

17,418

Interests in joint ventures comprise Hansaport Hafenbetriebsgesellschaft mit beschränkter Haftung, HHLA Frucht- und Kühl-Zentrum GmbH, Ulrich Stein Gesellschaft mit beschränkter Haftung, ARS-UNIKAI GmbH, Kombi-Transeuropa Hamburg GmbH, HVCC Hamburg Vessel Coordination Center GmbH, Spherie UG (haftungsbeschränkt), Third Element Aviation GmbH and Hyperport Cargo Solutions GmbH i. G.

Interests in associated companies include the shares in CuxPort GmbH and the shares in DHU Gesellschaft Datenverarbeitung Hamburger Umschlagsbetriebe mbH.

The year-on-year decrease in interests reported is largely due to the write-downs on interests in a joint venture recorded in financial income. The earnings of the various companies accounted for using the equity method less dividends received were also recorded in financial income and had the opposite effect, see Note 16.

For more information, please refer to Note 3.

Terminal

In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.