40. Non-Current and Current Liabilities to Related Parties

Non-Current and Current Liabilities to Related Parties as of 31 December 2016

in € thousand

 

Maturity
up to 1 year

 

Maturity
1 to 5 years

 

Maturity
over 5 years

 

Total

Liabilities to HPA (finance leases)

 

390

 

2,192

 

103,722

 

106,304

Other liabilities to related parties

 

8,950

 

0

 

0

 

8,950

 

 

9,340

 

2,192

 

103,722

 

115,254

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

Liabilities 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

The liabilities to HPA involve leased mega-ship berths at both the Container 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.

Financial Liabilities to Related Parties for which the fair values do not correspond to the book values

 

 

Carrying amount

 

Fair value

in € thousand

 

31.12.2016

 

31.12.2015

 

31.12.2016

 

31.12.2015

Liabilities to HPA (finance leases)

 

106,304

 

106,646

 

149,820

 

141,626

Terminal

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