Related parties for the purposes of IAS 24
Deutsche EuroShop AG’s subsidiaries and the members of its Executive Board and Supervisory Board are regarded as related parties for the purposes of IAS 24. The remuneration of the Supervisory Board and the Executive Board is described in the notes.
Income of €6,248 thousand (previous year: €5,731 thousand) was generated in the financial year from the Douglas Group under existing lease agreements.
Fees for service contracts with the ECE Group came to €18,846 thousand (previous year: €31,984 thousand). This amount was partially offset by income from lease agreements with the ECE Group in the amount of €4,674 thousand (previous year: €3,815 thousand).
Transactions with related parties involving the provision of goods and services were at standard market rates.
Hamburg, 20 April 2010
Deutsche EuroShop AG
The Executive Board
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| Claus-Matthias Böge | Olaf G. Borkers |