49. Notes on related parties
In financial year 2014/15, METRO GROUP maintained the following business relations to related companies:
| Download XLS (22KB) |
€ million |
2013/14 |
2014/15 |
Services provided |
1 |
0 |
thereof to associates |
(0) |
(0) |
Services received |
16 |
15 |
thereof from associates |
(3) |
(3) |
Receivables from services provided |
0 |
0 |
Liabilities from goods/services received |
2 |
2 |
In financial year 2014/15, METRO GROUP companies provided no services to companies included in the group of related companies.
The services totalling €15 million that METRO GROUP companies received from related companies in financial year 2014/15 consisted of services, at an amount of €9 million, and real estate leases, at an amount of €6 million.
Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in financial year 2013/14, METRO GROUP had no business relations with related natural persons in financial year 2014/15.
For more information about the basic principles of the remuneration system and the amount of Management and Supervisory Board compensation see no. 51 – Management Board and Supervisory Board.