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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 second quarter and first half 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 €122 million (Q2 2011: €113 million) and €241 million (H1 2011: €224 million), respectively. Trade receivables of €3 million, other current financial liabilities of €103 million and trade payables of €49 million existed as of June 30, 2012 as a result of these transactions (December 31, 2011: €6 million, €0 million and €35 million).

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