25 Related Party Transactions
Vonovia had business relationships with unconsolidated investees and subsidiaries as of June 30, 2024. These transactions resulted from the normal exchange of deliveries and services and are shown in the table below:
Result of Transactions from the normal Exchange of Deliveries and Services with unconsolidated Subsidiaries
Provided services | Purchased services | Receivables | Liabilities | Advance payments | |||||||||||||||||
in € million | Jan. 1–Jun. 30, 2023 | Jan. 1–Jun. 30, 2024 | Jan. 1–Jun. 30, 2023 | Jan. 1–Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2024 | |||||||||||
Subsidiaries | – | 0.0 | – | 0.1 | – | 0.0 | 0.0 | 0.0 | – | – | |||||||||||
Associates | 27.8 | 26.3 | 7.8 | 1.1 | 666.2 | 719.1 | 2.8 | 3.6 | 422.2 | 332.2 | |||||||||||
Joint ventures | 0.3 | 7.6 | 54.9 | 44.6 | 171.1 | 169.1 | 0.2 | 0.3 | 22.3 | 29.5 | |||||||||||
Other non-consolidated | – | – | – | – | 0.3 | – | – | 0.4 | 57.4 | – | |||||||||||
28.1 | 33.9 | 62.7 | 45.8 | 837.6 | 888.2 | 3.0 | 4.3 | 501.9 | 361.7 | ||||||||||||
Gropyus AG is included as an associate for the first time as of June 30, 2024 (see chapter [D20] Financial Assets Accounted for Using the Equity Method). There were loan receivables of € 23.0 million from Gropyus AG as of June 30, 2024.
With regard to the Management Board contracts of employment and the IFRS 2 program that they include, please refer to the IFRS consolidated financial statements as of December 31, 2023.