49) Related party disclosures


The Lufthansa Group business segments render numerous services to related parties within the scope of their ordinary business activities. Conversely, the companies in question provide services to the Lufthansa Group as part of their normal business. These extensive supply and service relationships take place on the basis of market prices.

In addition, the Group and certain non-consolidated subsidiaries have concluded numerous billing agreements, partly governing the joint use of services. In these cases the administrative services provided are charged as cost allocations.

The Group’s cash management is centralised, and, in this respect, the Lufthansa Group also performs a “banking function” vis-à-vis the non-consolidated companies of the Group. Non-consolidated Group companies included in the Group’s cash management invest their available cash with the Group or borrow funds from the Group and carry out their derivative hedging transactions with the Group. All transactions take place on arm’s length terms.

Due to geographical proximity in many cases, a large number of subletting contracts exists between the Lufthansa Group and related parties. In these cases the Group usually charges the rental costs and incidental expenses incurred to the companies in question on a pro rata basis.

The following table shows the volume of significant services provided to or by related parties:

 

 

Volume of
services rendered

Volume of
services received

in €m

2011

2010

2011

2010

*

Rounded below EUR 1m.

Non-consolidated subsidiaries

 

 

 

 

Airline Accounting Center Sp. z o.o., Poland

0*

0*

6

6

Albatros Versicherungsdienste GmbH, Germany

8

10

49

53

Austrian Airlines Technik-Bratislava, s.r.o., Slovakia

3

3

6

6

Austrian Lufthansa Cargo GmbH, Austria

8

8

Cargo Future Communications (CFC) GmbH, Germany

0*

0*

5

5

City Net Catering Holdings Ltd., United Kingdom

3

7

Delvag Luftfahrtversicherungs-AG, Germany

9

7

10

9

DLH Fuel Company mbH, Germany

5

2

735

508

Global Tele Sales (PTY) Ltd., South Africa

2

1

9

13

Global Tele Sales Ltd., Ireland

1

1

1

8

Global Tele Sales Pty Limited, Australia

0*

0*

0*

5

Global Telesales of Canada, Inc., Canada

0*

0*

3

8

handling counts GmbH, Germany

1

1

12

10

LRS Lufthansa Revenue Services GmbH, Germany

8

7

45

46

Lufthansa Cagri Merkezi ve Müsteri Hizmetleri A.S., Turkey

0*

0*

0*

5

Lufthansa Engineering and Operational Services GmbH, Germany

4

4

30

30

Lufthansa Global Tele Sales GmbH, Germany

1

1

42

12

Lufthansa Systems FlightNav AG, Switzerland

1

2

27

15

Lufthansa Systems Hungaria Kft., Hungary

2

2

29

28

Lufthansa Systems Network Services GmbH, Germany

1

1

24

28

Lufthansa Systems Poland sp. z o.o., Poland

0*

1

7

7

Lufthansa Technical Training GmbH, Germany

4

5

24

25

Lufthansa Technik Component Services LLC, USA

2

3

7

5

Lufthansa Technik Logistik of America LLC, USA

4

5

13

13

Lufthansa Technik Logistik Services GmbH, Germany

7

6

33

27

Lufthansa Technik Milan s.r.l., Italy

8

6

11

9

Lufthansa Technik Services India Private Limited, India

5

10

2

7

Lufthansa Technik Shenzhen Co., Ltd., China

9

11

5

3

Lufthansa Technik Sofia OOD, Bulgaria

4

4

24

26

Lufthansa Technik Tulsa Corporation, USA

0*

1

0*

7

Lufthansa Technik Turbine Shannon Limited, Ireland

5

7

20

23

LZ-Catering GmbH, Germany

9

10

16

16

 

 

 

 

 

Joint ventures

 

 

 

 

Aerologic GmbH, Germany

16

5

113

68

Aircraft Maintenance and Engineering Corp., China

10

7

9

11

Airfoil Services Sdn. Bhd., Malaysia

1

1

7

6

EFM – Gesellschaft für Enteisen und Flugzeugschleppen am Flughafen München mbH, Germany

0*

0*

10

14

FraCareServices GmbH, Germany

10

10

2

1

Günes Ekspres Havacilik Anonim Sirketi (SunExpress), Turkey

16

13

0*

0*

LTQ Engineering Pty Limited, Australia

1

2

30

22

N3 Engine Overhaul Services GmbH & Co. KG, Germany

5

5

0*

0*

Shanghai Pudong International Airport Cargo Terminal Co. Ltd., China

1

1

5

5

Spairliners GmbH, Germany

12

11

6

1

Star Alliance Services GmbH, Germany

7

8

7

7

Terminal 2 Betriebsgesellschaft mbH & Co oHG, Germany

2

15

12

83

Terminal One Group Association, L.P., USA

0*

0*

9

10

 

 

 

 

 

Associated companies

 

 

 

 

Airmail Center Frankfurt GmbH, Germany

0*

0*

7

7

AviationPower GmbH, Germany

0*

0*

31

24

BELAC LLC, USA

0*

1

5

9

HEICO Aerospace Holdings Corp., USA

1

0*

15

17

Jade Cargo International Company Limited, China

16

12

43

109

 

 

 

 

 

Other affiliated companies

 

 

 

 

Brussels Airlines NV/SA, Belgium

49

41

5

4

SunExpress Deutschland GmbH, Germany

4

1

The following tables show receivables owed by and liabilities to related parties:

Receivables from affiliated companies

in €m

2011

2010

Trade receivables from non-consolidated subsidiaries

63

90

Trade receivables from joint ventures

12

13

Trade receivables from associated companies

4

14

Trade receivables from other affiliated companies

13

8

Total trade receivables

92

125

 

 

 

Other receivables from non-consolidated subsidiaries

102

51

Other receivables from joint ventures

10

16

Other receivables from associated companies

25

26

Other receivables from other affiliated companies

28

0

Total other receivables

165

93

 

 

 

Loans to non-consolidated subsidiaries

47

71

Loans to joint ventures

4

13

Loans to associated companies

0

0

Total non-current receivables

51

84

Liabilities to affiliated companies

in €m

2011

2010

Trade payables to non-consolidated subsidiaries

8

74

Trade payables to joint ventures

14

11

Trade payables to associated companies

10

22

Trade payables to other affiliated companies

18

18

Total trade payables

50

125

 

 

 

Other liabilities to non-consolidated subsidiaries

271

196

Other liabilities to joint ventures

0

0

Other liabilities to associated companies

3

0

Total other liabilities

274

196

No individual shareholders of Deutsche Lufthansa AG exercise significant influence over the Group. For related party transactions with members of the Executive Board and the Supervisory Board please refer to “Note 50”.