Mercedes 2015 Annual Report Download - page 263

270 E | CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
36. Related party relationships
Related parties are deemed to be associated companies,
joint ventures, joint operations and unconsolidated subsidiaries,
as well as persons who exercise a significant influence
on the financial and business policy of the Daimler Group.
The latter category includes all persons in key positions
and their close family members. At the Daimler Group, those
persons are the members of the Board of Management
and of the Supervisory Board.
Most of the goods and services supplied within the ordinary
course of business between the Group and related parties
comprise transactions with associated companies, joint ventures
and joint operations, and are shown in table  E.88.
Associated companies
A large proportion of the Group’s sales of goods and services
with associated companies as well as receivables results
from business relations with Beijing Benz Automotive Co., Ltd.
(BBAC). See Note 13 for further information on BBAC.
Until the sale of the company in 2014, significant transactions
of goods and services also took place with Rolls-Royce
Power Systems AG (RRPS), which is a subsidiary of RRPSH.
Further information on RRPSH is also provided in Note 13.
The purchases of goods and services shown in table  E.88
were primarily from MBtech Group GmbH & Co. KGaA
(MBtech Group). MBtech Group develops, integrates and tests
components, systems, modules and vehicles worldwide.
In 2015, the associated company BAIC Motor acquired a 35%
interest in the fully consolidated Mercedes-Benz Leasing Co.,
Ltd. (MBLC) in the context of a capital increase. Daimler
continues to be the main shareholder with an interest of 65%.
Joint ventures
Significant sales of goods and services took place with Fujian
Benz Automotive Co., Ltd. (FBAC), as well as with Mercedes-
Benz Trucks Vostok OOO, a joint venture established with
Kamaz PAO, another of the Group’s associated companies.
The Mercedes-Benz Trucks Vostok (MBTV) and Fuso Kamaz
Trucks Rus (FKTR) joint ventures, which had previously operated
separately, were merged in 2015 as Mercedes-Benz Trucks
Vostok (MBTV). MBTV was renamed into DAIMLER KAMAZ
RUS OOO (DK RUS) on January 21, 2016.
In connection with its 45% equity interest in Toll Collect GmbH,
Daimler has issued guarantees which are not shown in
table  E.88 (€100 million at December 31, 2015 and at
December 31, 2014).
Joint operations
Joint operations primarily relate to significant business trans-
actions with Beijing Mercedes-Benz Sales Service Co., Ltd.
(BMBS), which provides advisory and other services relating
to marketing, sales and distribution in the Chinese market.
Note 13 provides details of the business operations of the
significant associated companies and joint ventures, as
well as significant transactions in the years 2015 and 2014.
Contributions to plan assets
In 2015 and 2014, the Group made contributions of
€1,902 million and €3,121 million to its external funds
to cover pension and other post-employment benefits.
See also Note 22 for further information.
E.88
Transactions with related parties
Sales of goods
and services
and other income
Purchases of goods
and services
and other expense Receivables Payables
At December 31, At December 31,
2015 2014 2015 2014 2015 2014 2015 2014
In millions of euros
Associated companies 3,192 2,433 367 316 936 764 96 65
thereof BBAC 2,922 2,093 69 28 884 726 51 16
Joint ventures 497 646 91 134 158 195 86
Joint operations 31 25 281 221 47 44 35 22