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condensed group notes I hapag-lloyd interim group report 9M · 2012
Other financial obligations declined in the first nine months of 2012. This was due in part to the restructuring
of nine existing operating lease contracts, which meant that the Company acquired two ships while the
agreements for the remaining seven vessels were converted into finance lease contracts. Other financial
obligations rose only marginally due to the completed container sale and leaseback transaction.
The fair value of the other financial obligations was ascertained by discounting the future expenses while
applying a market interest rate of 2.0% p. a. (31 December 2011: 3.1% p. a.).
Related party transactions
In carrying out its ordinary business activities, the Hapag-Lloyd Group maintains indirect or direct relationships
with related companies and individuals and with its own subsidiaries included in the consolidated
financial statements. All of the transactions with related parties were executed on the basis of international
price comparison methods in accordance with IAS 24 on terms that are also usual with non-Group third
parties. Further information on related parties is included in the Notes to the consolidated financial statements
for 2011 under “Other notes”.
Significant transactions after the balance sheet date
There were no significant transactions after the balance sheet date.
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