HOCHBAHN Annual Report 2015

Annual Report 2015
OTHER INFORMATION
(16) Auditors’ fees
The fee for services rendered by the auditors for the audit of the Annual Financial Statements
was recorded in the year under review as expenses, as follows:
Breakdown of auditors‘ fees in € ’000 2015 2014
Services for the final audit of the annual accounts 89 94
Services for verifying miscellaneous information 2 14
Other services 9 82
Services as a tax consultant 0 28
100 218
Of the reserves set up in previous years to cover services for the final audit of the annual
accounts and other services, € 6,000 were released in the year under review.
(17) Business not included in the Balance Sheet
Cross-border leasing agreements
General information on their type and purpose
There is a finance leasing agreement for the financing of U-Bahn rolling stock which was
concluded to attain cash value benefits. Under this, there are liabilities in favour of the
foreign leasing providers of € 28,467,000, for which rights of recourse against a domestic
bank in the same amount exist. These liabilities are secured by a chattel mortgage on the
rolling stock itself as collateral. There are also liabilities under a cross-border leasing transaction
for ferries. Purchase payments were made in NZD for these by the HOCHBAHN to
ATG/HADAG AG. These are netted out against accounts receivable due from ATG/HADAG
AG in the same amount in respect of rental payments in NZD on a pro rata basis congruent
with the individual instalments.
Risks and benefits
The HOCHBAHN was able to achieve cash benefits out of these cross-border leasing
transactions. These stood at € 926,000 as per 31 December 2015, but were not yet
received and accounted for as income at that date.
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