in million € | Remaining term | 31 Dec. 2017 Total | Remaining term | 31 Dec. 2016 Total | ||
---|---|---|---|---|---|---|
Up to 1 year | More than 1 year | Up to 1 year | More than 1 year | |||
Trade payables with debit balances | 302.9 | 0.0 | 302.9 | 224.8 | 0.0 | 224.8 |
Claims from supplier compensation | 240.8 | 0.0 | 240.8 | 208.4 | 0.0 | 208.4 |
Loans to associates | 52.6 | 119.0 | 171.6 | 58.5 | 118.2 | 176.7 |
Other loans | 27.6 | 53.4 | 81.0 | 31.4 | 29.2 | 60.6 |
Shares in associates | 0.0 | 58.1 | 58.1 | 0.0 | 31.7 | 31.7 |
Other equity investments | 0.0 | 26.4 | 26.4 | 0.0 | 41.8 | 41.8 |
Receivables from derivative financial instruments | 25.2 | 0.0 | 25.2 | 58.3 | 0.0 | 58.3 |
Shares in affiliated companies | 0.0 | 17.3 | 17.3 | 0.0 | 5.1 | 5.1 |
Loans to joint ventures | 10.2 | 1.5 | 11.7 | 20.5 | 2.2 | 22.7 |
Other receivables from financial transactions | 22.2 | 7.4 | 29.6 | 7.7 | 18.8 | 26.5 |
Total | 681.5 | 283.1 | 964.6 | 609.6 | 247.0 | 856.6 |
Claims from supplier compensation relate to retrospective compensation claims from suppliers. The increase resulted mainly from the first-time consolidation of REWE Dortmund SE & Co. KG, Dortmund.
Loans to associates include primarily shareholder and start-up loans and merchandise credits to REWE partner companies. The increase resulting from the growing number of partner companies was offset during the financial year by a decrease due to the reclassification of loans to real estate funds as other receivables from financial transactions to reflect a change in the degree of affiliation; overall, the reclassification led to a decline in this line item as compared to the previous year.
Other loans relate to, among other things, merchandise credits, loans to lessors and start-up loans to other related parties. The increase resulted mainly from the first-time consolidation of REWE Dortmund SE & Co. KG.
Shares in associates, which for reasons of immateriality were not accounted for using the equity method in the Combined Financial Statements, were reported under shares in associates. The increase was due primarily to the reclassification of units in real estate funds out of other equity investments.
The other equity investments item is used mainly to report the shares in DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and in Home24 GmbH, Berlin. The decrease was attributable to the reclassification of units in real estate funds as shares in associates, as well as to the sale of a portion of the shares in DZ BANK AG Deutsche Zentral-Genossenschaftsbank.
The shares in other equity investments are measured at amortised cost because their fair values cannot be reliably determined due to the unavailability of detailed financial data.
The receivables from derivative financial instruments primarily concern currency derivatives. They essentially resulted from currency hedges of the Travel and Tourism business segment. Further explanations of changes in derivative financial instruments can be found in note 41 "Disclosures of Financial Instruments".
The shares in affiliated companies relate to affiliates which are not fully consolidated for reasons of materiality but which are instead measured at amortised cost. The increase was due on the one hand to the reclassification of units in real estate funds from shares in associates to shares in affiliates, and on the other to the first-time consolidation of REWE Dortmund SE & Co. KG.
The loans to joint ventures essentially include loans to REWE PETZ GmbH, Wissen, EURELEC TRADING SCRL, Brussels, and to Wasgau Food Beteiligungsgesellschaft mbH, Annweiler am Trifels.