47. Notes on related parties

In 2012, METRO GROUP maintained the following business relations to related companies:

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€ million

2011

2012

Goods/services provided

3

3

thereof to associated companies

(0)

(0)

Goods/services received

60

19

thereof from associated companies

(6)

(5)

Receivables from goods/services provided

0

0

Liabilities from goods/services received

3

2

In the financial year 2012, METRO GROUP companies provided goods/services totalling €3 million to companies included in the group of related companies. This concerns primarily the granting of energy and lease rights.

The goods/services totalling €19 million that METRO GROUP companies received from related companies in the financial year 2012 consisted of services, at an amount of €12 million, and real estate leases, at an amount of €7 million. The decline in goods/services received is essentially due to the termination of leases with related parties or rent adjustments in existing leases.

The basic principles of the remuneration system and the amount of Management and Supervisory Board compensation are included in the remuneration report, which is part of the Group management report.

Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in 2011, METRO GROUP had no business relations with related natural persons in the financial year 2012.