Mercedes 2012 Annual Report Download - page 254

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263
7 | Consolidated Financial Statements | Notes to the Consolidated Financial Statements
The joint ventures Mercedes-Benz Trucks Vostok OAO and
Fuso Kamaz Trucks Rus Ltd., which have been established
with Kamaz OAO, another of the Group’s associated companies,
commenced most of their business activities in 2010. These
joint ventures produce and distribute trucks of the Mercedes-
Benz and Fuso brands in Russia. Furthermore, buses of the
Mercedes-Benz and Setra brands are sold in Russia. In addition,
at the end of 2010, Daimler signed a memorandum of under-
standing with Kamaz to produce axles in a joint venture in Russia.
As part of their strategic partnership, Daimler and Russian
truck manufacturer Kamaz signed a contract in November
2012 covering the supply of engines and axles for the Russian
company’s trucks and buses. In this way, the Group plans
to expand its component network in Russia.
In connection with the Group’s 45% equity interest in Toll Collect
GmbH, Daimler has provided a number of guarantees for Toll
Collect, which are not included in table 7.92 (€110 million
as of December 31, 2012 and €105 million as of December 31,
2011). See Note 29 for further information.
Board members. Throughout the world, the Group has
business relationships with numerous entities that are custom-
ers and/or suppliers of the Group. Those customers and/or
suppliers include companies that have a connection with some
of the members of the Board of Management or of the Super-
visory Board and close family members of these board members
of Daimler AG or its subsidiaries.
Board of Management and Supervisory Board members and
close family members of these board members may also
purchase goods and services from Daimler AG or its subsidiaries
as customers. When such business relationships exist,
transactions are concluded on the basis of customary market
conditions.
For information on the remuneration of board members,
see Note 36.
Contributions to plan assets. In 2012 and 2011, the Group
made contributions of €1,084 million (2011: €2,053 million)
to its external funds to cover pension and other post-employment
benefits. For further information, see also Note 22.
7.9 2
Transactions with associated companies and joint ventures
Sales of goods
and services
and other income
Purchases of goods
and services
and other expense
Receivables
Payables
At December 31, At December 31,
2012 2011 2012 2011 2012 2011 2012 2011
In millions of euros
Associated companies 811 789 425 197 212 239 69 46
Joint ventures 2,695 2,825 360 418 627 526 21 24