25. Associates accounted for using the equity method
in € thousand |
|
31.12.2024 |
|
31.12.2023 |
|---|---|---|---|---|
Interests in joint ventures |
|
11,698 |
|
12,397 |
Interests in associates companies |
|
7,270 |
|
5,217 |
|
|
18,968 |
|
17,614 |
As of the balance sheet date, interests in joint ventures include Hansaport Hafenbetriebsgesellschaft mit beschränkter Haftung, ARS-UNIKAI GmbH, Kombi-Transeuropa Terminal Hamburg GmbH, Spherie GmbH, Third Element Aviation GmbH. In the previous year, Hyperport Cargo Solutions GmbH i. G. was still included under interests in joint ventures. They also include HHLA Frucht- und Kühl-Zentrum GmbH, Ulrich Stein Gesellschaft mit beschränkter Haftung and HVCC Hamburg Vessel Coordination Center GmbH. The HHLA Group holds more than half of the voting rights in these companies, yet has no controlling influence as the companies are effectively jointly managed. This is due in principle to the equal representation of the main governing bodies (shareholders’ meeting, Supervisory Board and/or management).
in € thousand |
|
2024 |
|
2023 |
|---|---|---|---|---|
Group share of profit or loss |
|
4,435 |
|
4,119 |
Group share of other comprehensive income |
|
35 |
|
- 124 |
Group share of comprehensive income |
|
4,470 |
|
3,995 |
No material unrecorded losses relating to joint ventures were incurred either in the reporting year or on a cumulative basis.
Interests in associated companies include the shares in CuxPort GmbH and the shares in DHU Gesellschaft Datenverarbeitung Hamburger Umschlagsbetriebe mbH.
The interests reported are higher than in the previous year due to the earnings recorded in financial income for the various companies at equity – see Note 16 – less the dividends received.