Disclosures concerning relationships to related parties

In accordance with IAS 24, related parties are regarded as all individual persons and entities that can be influenced by, or that can themselves influence, the Company.

The employees’ representatives on the Supervisory Board received compensation for their employment at Aurubis AG at a level that is normal for the market.

In the Aurubis Group, various group companies purchase different types of services from and provide different types of services to related companies as part of their normal business activities. Such delivery and service relationships are charged at market prices. In the case of services, these are conducted using the basis of existing contracts. The following amounts relate to a joint venture accounted for using the equity method:

9/30/2015

        T 110
         
in € thousand Income Expenses Receivables Liabilities
         
Schwermetall Halbzeugwerk GmbH & Co. KG 79,654 30,957 3,762 1,132

9/30/2014

        T 111
         
in € thousand Income Expenses Receivables Liabilities
         
Schwermetall Halbzeugwerk GmbH & Co. KG 115,255 26,109 6,962 877

The following amounts relate to non-consolidated related companies:

9/30/2015

        T 112
         
in € t housand Income Expenses Receivables Liabilities
         
Joint ventures 6 152,977 0 3,240
Subsidiaries 3,333 1,667 1,986 1,195

9/30/2014

        T 113
         
in € thousand Income Expenses Receivables Liabilities
         
Joint ventures 18 198,216 0 4,545
Subsidiaries 3,091 1,264 3,389 1,207
          
Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).

With the exception of Salzgitter AG, no individual shareholders of Aurubis AG exercise a significant influence on the Aurubis Group.

Salzgitter Group companies accounted for € 3,959 thousand in expenses (previous year: € 336 thousand) and € 0 thousand in income (previous year: € 27 thousand) during the fiscal year. At the balance sheet date, there were related liabilities of € 243 thousand (previous year: € 0 thousand).

At the balance sheet date, letters of comfort totaling € 6,000 thousand (previous year: € 6,000 thousand) had been issued to secure bank liabilities of C.M.R. International N.V., Antwerp, a joint venture that is not included in the scope of the consolidation.