Annual Report 2023

41. Other non-financial liabilities

Other non-financial liabilities

in € thousand

 

31.12.2023

 

31.12.2022

Liabilities to employees

 

19,480

 

19,220

Tax liabilities

 

18,569

 

11,047

Advance payments received for orders

 

7,557

 

7,008

Employers’ liability insurance premiums

 

5,202

 

5,589

Social security payables

 

3,700

 

3,334

Port workers’ welfare fund (Hafenfonds)

 

1,238

 

1,276

Other

 

6,285

 

3,746

 

 

62,031

 

51,220

Liabilities to employees include liabilities arising from accrued leave.

The year-on-year change in tax liabilities is essentially due to increases in value added tax liabilities.

All other non-financial liabilities have a remaining term of up to one year.

Value added
Production value – intermediate inputs (cost of materials, depreciation and amortisation, and other operating expenses); the value added generated is shared between the HHLA Group’s stakeholders, such as employees, shareholders, lenders and the local community.

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