(33) Related parties

In the course of its operations, the LANXESS Group sources materials, inventories and services from a large number of business partners around the world. These include companies in which LANXESS AG has a direct or indirect interest. Transactions with these companies are carried out on an arm’s-length basis.

Transactions with investments accounted for in the consolidated financial statements using the equity method and their subsidiaries mainly comprised the purchase of site services in the fields of utilities, infrastructure and logistics totaling €455 million (2012: €479 million). As of December 31, 2013, trade payables of €40 million (2012: €38 million), trade receivables of €3 million (2012: €4 million) and a dividend receivable of €2 million (2012: €0 million) existed as a result of such transactions. There were also payment obligations to these companies amounting to €5 million (2012: €4 million) under operating leases and obligations of €3 million (2012: €3 million) under purchase agreements. Contingent liabilities to investments accounted for using the equity method are outlined in the previous section.

In 2013, production services totaling €6 million were provided to the LANXESS Group by joint ventures. As of December 31, 2013 there was a loan receivable of €5 million from one joint venture.

Information on the compensation of the Board of Management and Supervisory Board can be found in the next section.