Welcome to LANXESS Annual Report 2011!

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Related parties

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

Transactions in the first three months of 2012 with associated companies accounted for in the consolidated financial statements using the equity method, or subsidiaries of such companies, mainly comprised the purchase of site services in the fields of utilities, infrastructure and logistics totaling €120 million (Q1 2011: €111 million). Trade payables of €47 million and trade receivables of €2 million existed as of March 31, 2012 (December 31, 2011: €35 million and €6 million) as a result of these transactions.

No material business transactions were undertaken with other associated companies or individuals. As in the previous year, no loans were granted to members of the Board of Management or the Supervisory Board in the first three months of 2012.