49. Notes on related parties

In financial year 2015/16, METRO GROUP maintained the following business relations to related companies:

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€ million

2014/15

2015/16

1

Changed disclosure from previous year

Services provided

0

0

thereof to associates

(0)

(0)

Services received

801

87

thereof from associates

(65)1

(72)

Receivables from services provided

0

0

Liabilities from goods/services received

2

1

In financial year 2015/16, METRO GROUP companies provided no services to companies included in the group of related companies.

The services totalling €87 million (2014/15: €80 million) that METRO GROUP companies received from related companies in financial year 2015/16 consisted of real estate leases, at an amount of €78 million (2014/15: €71 million) (including €72 million from associates; 2014/15: €65 million), and the rendering of services at an amount of €9 million (2014/15: €9 million). Rental services to be received from associates over the next few years are expected to remain largely unchanged and are included in the notes on leases in no. 21.

Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in financial year 2014/15, METRO GROUP had no business relations with related natural persons in financial year 2015/16.

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.