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Full text: Annual report of the Duisport Group Issue 2012

Tailor-Made
Solutions

Annual Report of the duisport Group

duisport Group, key figures 2010–2012 (in EUR million) 1
2010

2011

2012

Change in %2
12/11

Sales revenues (incl. revenues that
could not be consolidated)

147.4

148.4

159.8

+8

Sales revenues

139.5

138.4

149.8

+8

Balance sheet sum

310.9

307.7

Gross investments

23.5

15.8

25.9

+64

Profit before interest and taxes
and amortization of goodwill
and other assets (EBITDA)

27.7

27.8

28.9

+4

6.8

7.5

8.1

+8

26.2

17.1

3

3

Result after taxes	
Cash flow I

4

558

Employees

599

310.1

+1

18.4

+8

656

+10

Goods handled at all Duisburg ports (incl. private company ports, in million metric tons) 2

2010

2011
50.4

49.2

28.1

2012

Change in %2
12/11

38.2

-24

26.2

-7

Ship

26.9

Train

37.9

47.1

45.6

-3

114.0

125.6

110.0

-12

Truck

5

Total

Goods handled at duisport Group ports (in million metric tons) 2
2010

2011

2012

Change in %2
12/11

Ship

14.3

17.1

-6

Train

13.7

15.8

16

0

16

Truck

25.9

31.2

31.3

Total

53.9

64.1

63.3

1

All results are net of special effects.

2

Percentage figures have been rounded. Rounding tolerance 0.1.

3

Revenues +/- changes in stocks + own work capitalized.

4

Annual profit + depreciation for fixed assets + change in long-term provisions.

5

Truck-handling volume at company ports has been estimated.

1
-1

duisport – suitable services for
different customer requirements
The Duisburger Hafen AG is the company owning and managing
the port of Duisburg. Being the largest inland port worldwide, at
the confluence of the Rhine and the Ruhr, we offer a broad palette of services – for instance, full-service packages in the field
of infrastructure and suprastructure, including establishment
management and logistics services in the areas of packaging,
railway goods transport, project logistics, consultation, and building management.
As a trimodal hub, duisport optimally combines an advantageous
geographical location and favorable location conditions with extensive expertise. We are thereby the connecting link between manufacturers and customers, we network international markets, and
we are the drivers of local and global flows of goods.
We see ourselves as partners of the logistics industry and contribute significantly to the optimization of transport chains. In
addition, we create and implement customer-specific concepts
and solutions, which are tailored to the most diverse requirements.
About 300 logistics-oriented companies who are established in
the port of Duisburg benefit from this full-service approach.
Meanwhile, more than 40,000 jobs depend on the port, either
directly or indirectly, with an added value of about three billion
euros per year.
In order to be able to continuously expand the spectrum of services in the future and to safeguard it within the framework of the
globalized economy, international activities were pushed ahead in
2012. We are thus supporting the economies of emerging countries, like China and India, with consultation and logistics services.

The duisport Group
and its business segments
Transportation and
logistic services

Packaging logistics

Duisburger Hafen AG

duisport agency GmbH

Owner and management company
of the public ports of Duisburg

Central sales company for solutions
regarding transport relationships, transport
chains and logistics

duisport packing logistics
Group of companies

Infrastructure and suprastructure

Packaging logistics including transport
solutions for the capital goods industry

with the logistics locations:
duisport packing logistics GmbH
Duisburg/Essen/Westphalia/Hamburg

Logport Logistic-Center Duisburg GmbH

dfl duisport facility logistics GmbH

Full-service provider for
establishment management

Port logistics, warehouse services,
facility management

dpl Süd GmbH
Mainhausen/Frankfurt
Weinzierl Verpackungen GmbH
Sinzing/Regensburg
dpl Chemnitz GmbH
Chemnitz

logport ruhr GmbH

duisport consult GmbH

Logistics real estate and modular
services in the Ruhr area

Port and logistics concepts

dpl International NV
Antwerp
duisport Packing Logistics (Shanghai) Co. Ltd.
Shanghai/Wuxi

duisport rail GmbH

duisport packing logistics India Pvt. Ltd.
Pune (Mumbai)

Public railway transport company and
flexible partner for railway connections

Participations

DIT Duisburg Intermodal Terminal GmbH
Trimodal container terminal at the
logport port

D3T Duisburg Trimodal Terminal GmbH
Trimodal container terminal at
the logport port

Antwerp Gateway N.V.
Sea port container terminal, Antwerp

Masslog GmbH
Handling terminal for bulk goods
(especially coal import)

Umschlag Terminal Marl GmbH & Co. KG
Terminal for combined railway transport
in the northern Ruhr area

Heavylift Terminal Duisburg GmbH
Heavy cargo terminal in the outer
port of Duisburg

Weinzierl Industrieverpackungen
Manufacturing sites in Augsburg and
Sinzing/Regensburg

EILS – Emballages Industriels Logistique & Services
Packaging logistics with sites in
Mulhouse and Strasbourg (France)

Tarlog GmbH
Industrial area and services

Tailor-Made
Solutions

Annual Report of the duisport Group

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Annual report 2012

Table of contents

Table of contents
Note by the Chief Executive Officer	

4

Report of the Supervisory Board	

6

Executive Board/Corporate Development Council/Supervisory Board	

8

Logistics with Added Value – Innovative Tailor-Made Solutions	
	On solid ground in a dynamic environment	
	
Acting responsibly	
	New areas and buildings	
	
Showcase project: logport III	
	
logport ruhr: planning of logport IV in Kamp-Lintfort	
	Establishing new customers	
	
Grown together	
	
Added value in the region	
	
Internationally active	
	
Successful partnerships	
	
A new building block in the portfolio of services	
	Promoting ideas	
	Our strength	
	
Responsibility for the region	

24
24
26
26
27
28
28
30
31
32
34
34
35
36
38

Group Report	
	
1. 	Business developments and the economic situation	
	
2. 	Presentation of earnings, financial, and asset position	
	
3. 	Supplementary report	
	
4. 	Report on opportunities and risks	
	
5. 	Risk reporting regarding the use of financing instruments	
	
6. 	Outlook	

41
42
42
53
53
54
55

Annual Financial Statements	
	
Duisburger Hafen Group	
	
Duisburger Hafen Aktiengesellschaft	
	Consolidated notes and notes on the financial statements of
	
Duisburger Hafen Aktiengesellschaft		
	
Audit opinion	
	
Shareholders	

59
60
70
76
100
102

Imprint 	

104

Port map	

105

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Annual report 2012

Note by the chief executive officer

Logistics is a complex network of diverse services that goes far
beyond the topic of transport. Therefore the duisport Group has
a broad base with its three business segments Infrastructure and
Suprastructure, Logistics Services and Packaging Logistics. As a fullservice provider, we offer our customers in the logistics sector and
in industry tailor-made solutions in all three business fields. How
multifaceted these solutions can be is demonstrated in this annual
report by a number of different projects.
“Tailor-made” is also the motto in our cooperation with partners,
such as the municipalities with whom we cooperate in the field of
land development. In these joint ventures, we also gladly take over
the task of tailoring the joint business models to market requirements as precisely as possible. Furthermore we offer our employees and applicants tailor-made career paths – for instance, with
modern jobs that require training or with further training opportunities for the development of individual potential.
All business divisions have seen positive development in terms
of results in an increasingly difficult market environment. A new
record in container handling and the very successful acquisition of
new customers is noteworthy.

The introduction of Audi AG with their world’s largest CKD project
and the associated entry into the automotive sector also deserve
special mention.
In the business division Packaging Logistics, we have set an important course to expand both our national and international presence.
We were also able to successfully develop many new projects with
our business partners in 2012. I would like to thank the Supervisory
Board and our shareholders for their support. A special word of
thanks is again due this year to all our employees. Their commitment and enthusiasm are a motivation for me to gladly face the
challenges and opportunities that are presented to our company
on a daily basis!

Erich Staake
Chief Executive Officer
Duisburg, 28 June 2013

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Annual report 2012

report OF the supervisory board

The Supervisory Board was kept informed about the position and
growth of the company and affiliated companies, along with all
significant business transactions, via the quarterly reports and
reports submitted by the Management Board to the Supervisory
Board meetings held during the fiscal year. Through in-depth discussions on topics submitted to the Board, we were able to verify
that management acted correctly over the last year.
A total of four Supervisory Board meetings were held during the
2012 fiscal year, during which the Supervisory Board addressed all
of the issues of significance to the Group and adopted a number
of resolutions. Deliberation and decision making regarding important investment projects in the field of port suprastructure were
of particular importance during the 2012 financial year.
The annual financial statements for the 2012 fiscal year, including
accounting and the management report, were audited in accordance with the statutory provisions by the auditing company PricewaterhouseCoopers AG, which was selected to perform the audit
by the Annual Shareholders’ Meeting.

The audit results show that the annual financial statements of
Duisburger Hafen AG, its accounts, the consolidated financial
statements, and the annual report correspond with the law and
the articles of association. The Supervisory Board also conducted a
final review and did not find any discrepancies.
At today’s meeting, the Supervisory Board approved the annual
financial statements of Duisburger Hafen AG, the consolidated
financial statements, and the annual report as prepared by the
Management Board. Therefore, the annual financial statements
have been approved pursuant to Section 172 of the Companies Act.
The Supervisory Board agrees to the Executive Board’s suggestion
to distribute to shareholders the sum of 3,000,000.00 euros from
Duisburger Hafen AG’s net profit of 8,104,212.72 euros – on the
condition that there is a majority decision to amend Section 16(2)
of the articles of association – and to place the remainder in the
statutory reserve.

Sören Link
Chairman of the Supervisory Board
Duisburg, 28 June 2013

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Annual report 2012

Executive Board/Corporate Development Council/Supervisory Board

Executive Board

CORPORATE DEVELOPMENT COUNCIL

PRESIDIUM OF THE SUPERVISORY BOARD

SUPERVISORY BOARD

Dipl.-Kfm. Erich Staake
Chief Executive Officer, Düsseldorf

Dr. (honorary) Wolfgang Clement
Former Federal Minister, Bonn

Sören Link (since 21 September 2012)
Mayor, City of Duisburg, Chairman

Heidi Batkowski
Clerk,
duisport packing logistics GmbH, Duisburg

Dipl.-Ing. Thomas Schlipköther
Essen

Dr. Stephan Holthoff-Pförtner
Attorney and notary, Essen

Attorney Markus Bangen
Düsseldorf

Prof. Michael ten Hompel
Managing Director, Fraunhofer Institute for
Material Flow and Logistics, Dortmund

Michael Groschek (since 21 September 2012)
Minister for Construction, Housing, Urban
Development, and Transportation for the
State North Rhine-Westphalia, Düsseldorf
Vice Chairman

Garrelt Duin (from 21 September 2012)
Minister for Economics, Energy, Industry, Small
Business, and Trade for the State of North
Rhine-Westphalia, Düsseldorf

Ursula Lindenhofer
Accountant, Duisburger Hafen AG, Duisburg,
Vice Chairwoman

Jörg Hansen
Head of Section, Department of Finance for the
State North Rhine-Westphalia, Düsseldorf

Dr. Michael Offer (since 28 September 2012)
Assistant Executive Director Federal
Department of Finance, Berlin,
Vice Chairman

Benno Lensdorf (from 28 June 2012)2
Mayor, City of Duisburg

Heinz Lison
Spokesman for Regional Industry,
Ruhr-Niederrhein Employer Association
(Unternehmerverband e. V.), Mülheim an der Ruhr
Dr. Herbert Lütkestratkötter
Former Chairman of the Executive Board
at Hochtief AG, Essen
Reinhard Quint
Former member of the Executive Board,
ThyssenKrupp Services AG, Düsseldorf
Matthias von Randow
Chief Executive Officer of Bundesverband
der Deutschen Luftverkehrswirtschaft e. V.
(BDL – federal association of German aviation
industry), Berlin
Dr. Hans Rolf
Attorney-at-Law, Cologne

Uwe Schröder (up to 28 June 2012)
Assistant Executive Director Federal
Department of Finance, Berlin,
Chairman
Horst Becker (up to 21 September 2012)
Parliamentary Undersecretary of State, Ministry
for Industry, Energy, Construction, Habitation,
and Transportation of the State North RhineWestphalia, Düsseldorf,
Vice Chairman
Adolf Sauerland (up to 21 May 2012)1
Vice Chairman

Dr. Ludolf von Wartenberg
Former Undersecretary of State, Berlin

Friederike Neuhäusler (up to 28 June 2012)3
Desk Officer, Federal Department of Finance,
Berlin
Reinhard Klingen
Executive Director, Federal Department of Transport, Building and Urban Development, Berlin
Gregor Schaschek
Manager of Internal Audits, Duisburger Hafen AG,
Duisburg
Ulrike Schlink
Clerk,
duisport agency GmbH, Duisburg
Carsten Tum (from 21 May to 21 September 2012)
Department Head, City of Duisburg
Udo Vohl
Councilman, City of Duisburg

Mr. Sauerland was recalled from the Supervisory Board of Duisburger Hafen AG by council decision of the city of Duisburg on 26 March 2012.
The recall was confirmed at the Annual Shareholders’ Meeting on 21 May 2012.
2
	Mr. Lensdorf’s membership on the Supervisory Board was suspended for one year.
3
	Ms. Neuhäusler’s membership on the Supervisory Board has been suspended for one year.
1 	

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Annual report 2012

Seamless transitions
Thanks to highly developed infrastructure and
suprastructure, duisport has developed into one of
the leading logistics platforms in Europe. With an
optimal linking of water, rail and road, we offer the
right logistics prerequisites to industry and trade.
Combined with our expertise for storage and further processing, we additionally create integrated
logistics, which guarantees added value to companies through individual, tailor-made logistics
solutions.

THE COMPANY

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Annual report 2012

The material the
future is made of
Logistics plays an important role in the relationship between
globalization and sustainability. It is a central future task
to promote the networking of industry and trade based on
innovative and environmentally and socially friendly concepts. The duisport Group takes this task very seriously. This
is demonstrated not least by initiatives such as the logistics
convention “Standortvorteil NRW”.

THE COMPANY

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Annual report 2012

Focusing on
strong
partnerships
Our international network of cooperation
with other ports, locations and logistics
partners is growing steadily. We continue
to strengthen our position as a solution
provider in the area of logistics with strategic partnerships. In addition, we offer our
international partners our operative and
strategic expertise to implement optimized
logistics concepts locally.

THE COMPANY

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Annual report 2012

THE COMPANY

Tailored to meet
the highest demands
The duisport Group offers logistics services that extend far beyond the pure
management of transport and storage. One example is the safe packaging of
freight in terms of the new EU air cargo security regulation (EU) 185/2010. We are
a specially trained and regulated agent certified by the German Federal Aviation
Office. We can quickly and reliably check consignments and clear these for further
transport by aircraft. This is how our customers avoid time- and cost-intensive
follow-up inspections at airports.

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Annual report 2012

Promoting new talent
Companies need people who can get
things moving. This is the reason why
we promote the attractiveness of North
Rhine-Westphalia as a career location.
In collaboration with companies in the
region, such as BP Europa SE or Evonik
Industries AG, we have been involved
in the initiative TalentMetropole Ruhr,
which has the objective of guaranteeing growth in the region for the population at large.

THE COMPANY

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Annual report 2012

CKD in XXL
When a successful, innovative automobile manufacturer
wants to export from Germany to the emerging markets of
China and India, the demands on logistic implementation are
high. The duisport Group has presented the correct solution
here: tailor-made areas and real estate combined with flexible transport and services from our network. The new CKD
hub (completely knocked down) in the Port of Duisburg will
be the largest of its kind worldwide.

THE COMPANY

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THE COMPANY

Exemplary
development
The term “logport” stands for success: the areas on logport I and II have
been completely sold out and about 4,500 jobs were created here. In the
meantime, logport III has gone into operation as a combined transport
terminal. The concept of the logport family – the development of areas for
storage and distribution combined with suitable transport services –
is continued with the joint venture logport ruhr. There are still many more
attractive locations in the region.

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The company

Logistics with added value –
innovative tailor-made solutions
Logistics becomes more and more the crux of the matter of economic growth.
This results in continuously rising demands on flexibility and performance of large
logistics providers. During the past financial year, Duisburger Hafen AG successfully endeavored to comply with these demands. New cooperative relationships
arose from this and it was possible to strengthen the worldwide network. Satisfied
partners and customers are the foundation of successful business.
On solid ground in a dynamic environment
The duisport Group is not only the operator of the largest inland port of the world:
in addition, it sees itself as an innovative provider of tailor-made solutions for
industry and the logistics sector. The range of services offered spans from individual establishment management to the development of integrated port and
logistics concepts, intermodal transport services, and the specialized packaging
of industrial goods. The Group provides the associated service guarantee through
its structure in the business divisions Infrastructure and Suprastructure, Logistics
Services, and Packaging Logistics.

In the issue, “Top 100 Container
Ports 2012” of the magazine
Containerisation International, the
Port of Duisburg is ranked at position 51 of the leading 100 container
ports, and it is the only inland port
on the list.

As a full-service provider with a broad base, this structure has allowed the duisport Group to generate solid growth despite a difficult overall economic situation.
With eight percent growth, the turnover was significantly higher than the average of two percent in the logistics industry. Combined transport was an essential
driver of this growth. Container handling by ship, railway, and truck, which meanwhile has become the most important goods segment of the location, grew by
four percent in 2012 to 2.6 million 20-foot standard containers (TEU), reaching a
record high. With this achievement, the Port of Duisburg remains the only inland
port among the 100 largest container ports worldwide. Last year, it was ranked at
position 51 overall. This development and the growth of general cargo handling
almost completely compensated for the decreasing handling volume in the steel
and bulk-materials handling sector.
With a total of 63.3 million metric tons, the duisport Group recorded a handling
volume of just 1.3 percent lower than the record high of 2011. In view of the significantly weaker world economy and slower development of the economy in Germany, this is a satisfactory result – especially since the total of goods handling of
all ports in Duisburg, including private factory ports, was 12 percent lower in this
financial year compared to the previous year.
While the economic downward trend of coal and steel was clearly noticeable here,
the duisport Group could decouple itself to a large extent from this development
due to its integrated spectrum of services.

The complexity of requirements increasingly demands coordinated action to
meet individual requirements of our customers. We always endeavor to improve
ourselves – for instance, through close and mutual coordination of our technical
departments with our customers and partners.
This is how the duisport Group has been setting a course to stand up to the competition in the coming years.

The German logistics industry was
able to show a slight growth of
two percent during 2012.

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The company

Acting responsibly
At duisport, sustainability is an integral part of all business fields, projects, and
activities. Quite often, it forms the core of our business as a matter of course.
For instance, multimodal transport concepts and the revitalization of land during land development can be seen as sustainable projects. For us, sustainability is
much more than just environmental awareness. A holistic view of economic, environmental, and social interests is of paramount importance. The further development of our business model on a solid foundation in the coming decades, obtaining employee loyalty through programs like our health management project, and
fulfilling many more prerequisites in order to achieve a good work-life balance
all play an important role. Intensive and continuous communication about our
responsible, sustainable actions, which is taken care of via our internal media, also
forms part of our understanding of sustainability. To what extent we are being
guided in this respect by the motto “deeds instead of words” can be seen in virtually all projects of the duisport Group. This is also shown in the fact that our
company has a representative for sustainability whose activities are supported by
a council representing the workforce.
The handling capacity of the
Duisburg Intermodal Terminal
has already been designed for
the future growth of container
volumes.

New areas and buildings
With a marketing performance of about 300,000 square meters during 2012,
many attractive port areas have been sold out almost completely in addition to
some areas outside of the port area, for instance, in Castrop-Rauxel. In order to be
able to offer interested parties establishment areas, duisport has been developing
additional commercial and logistics areas in the regional environment jointly with
strategic partners.
There are plans to develop up to 200 hectares for logistics and industrial establishments in and around Duisburg during the next five years. Special attention will be
paid to combined transport and job-intensive utilization. The port and the region
will benefit from this.
In addition, duisport has created the conditions for further growth with the focused
expansion and new construction of terminal capacities. The Duisburg Intermodal
Terminal (DIT) and adjacent areas for combined transport on logport I have been
expanded by almost 50,000 square meters in order to allow future growth.
Capacities of the Heavylift Terminal Duisburg (HTD) were also increased in 2012:
A new 700 square meter lightweight construction hall was built, and the outdoor
area was increased by 5,000 square meters to approximately 20,000 square meters.

Thereby the core service of the HTD – final completion and assembly as well as
storage and loading of complex machines up to a weight of 500 metric tons – can
be accomplished within the relevant period of time, even for larger order volumes.
Showcase project: logport III
On the premises of the former DB railway yard in Duisburg-Hohenbudberg, the
new bimodal terminal logport III started trial operations at the end of 2012 and
went into full operation in the spring of 2013. The logistics company Samskip van
Dieren Multimodal from the Netherlands presents a comprehensive intermodal
offer with 50 trains per week to destinations such as Scandinavia.
With seven handling platforms, two shunting tracks, and two gantry cranes, the
current handling capacity of logport III will be doubled in the final stage.

Samskip van Dieren Multimodal
extends its Scandinavian transport
with the location logport III.

Opening of the connection
of logport III to the L473n on
17 June 2013.

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Justified concerns of neighbors and residents were intensively considered during
the implementation of logport III. Besides noise barriers, a comprehensive road
sign concept for road users was implemented, cycle tracks were built, and further
traffic-calming measures were implemented – for instance, a road connection
that prevents truck traffic through adjacent residential areas.
logport ruhr: Planning of logport IV in Kamp-Lintfort
During the past financial year, we have laid the foundation for a successful implementation of the logport ruhr strategy together with our partner RAG Montan
Immobilien GmbH. The new logistics center logport IV will be created on an area of
30 hectares on the former coal storage area in Kamp-Lintfort, after mining utilization of the area has been ceased. The involved “wir4” municipalities Kamp-Lintfort,
Moers, Neukirchen-Vluyn, and Rheinberg will merge parts of their municipal commercial areas for this purpose. The joint venture company of Duisburger Hafen AG
and RAG Montan Immobilien GmbH, logport ruhr GmbH, will take over the necessary development of the area, which is required before marketing commences.

From left to right: Minister Garrelt
Duin, Dr. Michael Hauf, Minister
Michael Groschek, Erich Staake,
Dr. Rolf Schnellecke, Christian
Graeff

It is the objective of logport ruhr to make areas like logport IV available to companies providing added-value logistics and contract logistics as well as trading
and manufacturing companies with special logistics requirements. Besides a very
good connection to the European highway network and the railway connection to
the DB route between Duisburg, Moers, and Xanten, the advantages of the location are above all the networking with the Port of Duisburg and the corresponding
connection to the European sea ports. Companies establishing themselves therefore get an optimal connection to the service and distribution network of NRW
as well as to European markets. In this way, logport IV will
strengthen the Rhine-Ruhr logistics region overall as an
attractive logistics area.
Acquisition of new customers
The duisport Group achieved a noteworthy acquisition in
2012 with Audi AG selecting Duisburg to be a new location.
In the future, the renowned automobile manufacturer will
operate its largest CKD hub (completely knocked down)
worldwide in Duisburg in cooperation with the Schnellecke
Logistics Group and export motor vehicle components to
China, India, and Mexico. For this purpose, duisport will
construct a new logistics center on the logport II area,
directly on the Rhine. Motor vehicle parts for the A4, A6,

Q3, Q5, and Q7 models will be packaged and stored in containers there starting in
the summer of 2013. The containers will then be transported via integrated handling systems by ship and by railway to the port of Antwerp. The duisport Group
has developed a suitable logistics and solution concept for the sustainable supply
and waste disposal of the logistics center as well as logistics real estate, which is
integrated into the overall concept. This broad scope of services has again impressively confirmed our full service approach. For Audi AG, it was also of importance
that a convincing sustainability concept was adhered to in the definition of the
processes. Railway and inland shipping replace up to 15,000 truck trips between
the Ruhr region and the port of Antwerp. The supply of containers required for
exporting via the adjacent empty container depot was another argument for the
establishment of Audi in the Port of Duisburg. A total of 500 new jobs will be created. North Rhine-Westphalia has thereby again proven to be an essential location for the automotive industry.
The company Tarlog GmbH, a joint venture of the chemical group RÜTGERS and
the Duisburger Hafen AG, was able to report the successful marketing of their
industrial areas with the signing of the utilization agreement in April 2012 at the
Castrop-Rauxel location: the establishment of the Philippine-saarpor Group. The
new customer will construct a factory for the manufacture of EPS/polystyrene
insulating material on the 15-hectare RÜTGERS-Industriepark in Castrop-Rauxel.
These are innovative insulating materials for the reduction of primary energy conSpectacular new establishment on
logport II: the CKD hub for Audi.

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The company

sumption. The Philippine-saarpor Group will
in future utilize a 50,000 square meter area
in the industrial park for this purpose. Thus
Tarlog has already achieved the major portion of their marketing objective.
Grown together
The solid growth of the duisport Group during the reporting period was also the result
of a number of companies in the Port of
Duisburg expanding.

A first large establishment could
be recorded by Tarlog with the
Philippine-saarpor Group.

The de Beijer Group, one of the largest
importers of building materials in the Netherlands, for instance, leased an additional
area of 10,000 square meters. The company, which has been established here
since 1980, now utilizes a total of five hectares in the Port of Duisburg. A new construction of a hall and the erection of a screening/mixing plant for the preparation
of liquid soil are planned by de Beijer.
Another family enterprise, which expanded its presence in the Port of Duisburg
in the past year, is the company Buhlmann GmbH & Co. KG. The employees of
the company moved into an attractive new building at logport I in February 2012,
which offers space for 110 workplaces over an area of 2,800 square meters. Furthermore, the company has started with the construction of a new hall complex.

The leading Japanese logistics company Yusen Logistics, a subsidiary of the Japanese NYK group and one of the pioneers at logport I, has undertaken the fifth
expansion. Thereby Yusen Logistics has about 70,000 square meters of logistics
area in the Port of Duisburg at its disposal. The new hall complex with an area of
26,000 square meters complies with the qualitative requirements for the sustainable utilization of logistics real estate and will go into operation at the beginning
of 2014.
Added value in the region

Buhlmann GmbH & Co. KG moved
into an attractive new building at
logport I.

By shifting the regional freight transport from truck to rail, the duisport Group
increasingly manages to link regional added value with an environmentally
friendly structuring of the transport routes.
The two subsidiaries duisport agency and duisport rail jointly promoted the development of the Westfalica Shuttle, which currently travels between Duisburg
and Gütersloh. The Glückauf Express connects Duisburg and Dortmund. And the
Chemsite Express operates between Duisburg and the chemical facility in Marl.
They are supplemented by transportation from the chemical plants of Bayer and
Lanxess in Dormagen and Krefeld-Uerdingen to Duisburg. In 2012, it was possible to transform the Westfalica Shuttle to a regular shuttle transport due to the
excellent demand.

Kühne + Nagel (AG & Co.) KG
implemented projects in their
European distribution center for a
consumer goods enterprise, which
operates worldwide.

For our long-standing partner, Kühne + Nagel (AG & Co.) KG, we implemented
another project at logport I on behalf of an American customer who operates
worldwide. With an additional area of 22,000 square meters, Kühne + Nagel
expanded their hall area at the Duisburg location to about 200,000 square meters
and in doing so have made Duisburg the largest location of the company worldwide. The new hall complex of three halls and an office block was constructed by
the duisport Group. The halls are heated by district heating and are furnished to
accommodate a photovoltaic system.
Kühne + Nagel will handle the consignment and storage as well as the distribution
of cleaning and care products to the markets in Germany, the Netherlands, and Austria on behalf of a large customer operating globally in the consumer goods industry. About 50 new jobs were created in the Port of Duisburg with this expansion.

Klaus-Michael Kühne, Honorary
Chairman of Kühne + Nagel
International AG

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the CIS states, and China. The Moscovite as a fast rail connection to Moscow, the
Tiger Train via the trans-Siberian route, and the New Silk Road from the Chinese
city of Chongqing via Kazakhstan, Russia, Belarus, and Poland to Duisburg are
sought-after connections.
Train connections to other European countries and to the western ports have
also been intensified by duisport. The train connection between Duisburg, Antwerp, and Zeebrugge has been increased to ten train connections per week in
both directions.
In 2012, duisport was again present at the exhibition logitrans Transport Logistics
Exhibition in Istanbul in order to participate in the upcoming logistics market of
Turkey. There, the combination of short-sea and railway transport for the development of the Turkish market was of prime importance. In addition our offers in the
field of industrial packaging received a very positive response at the most important logistics exhibition for the EMEA region (Europe, Middle East, and Africa).

The Westfalica Shuttle now travels
regularly between Duisburg and
Gütersloh.

Internationally active
The international networking of duisport through the expansion of customer relationships in the emerging markets of China and India and the development of
integrated service offerings and logistic solutions across borders are becoming
increasingly more important in addition to our activities at the local level. duisport agency intensively markets railway connections to Asia as an alternative to
the cheaper but more time-consuming sea routes and the faster but more costly
option of air freight.
Trains with 20- and 40-foot containers as well as high-cube and pallet-width containers shuttle on various routes between Duisburg and destinations in Russia,

A consultation project, which is currently being implemented by duisport in Dubai,
contributes in particular to the intensification of the international activities of the
duisport Group. An integrated port-hinterland concept is being created for the
port of Jebel Ali on behalf of DP World, one of the world’s leading port operators.
Besides a master plan, an extensive market analysis as well as a feasibility study
for the optimization of transport chains for the development of logistics areas
is being created. The port of Jebel Ali is deemed to be the flagship project in the
Middle East and is one of the ten largest container ports in the world. As a distribution center for the Arabian Peninsula and parts of Asia, it serves a market of
almost two billion people. In 2013, 13.3 million TEU were handled. DP World has
put out for tender a concept for the development of the hinterland of Jebel Ali in
order to make future growth possible. Based on our long years of experience in
creating hinterland concepts, duisport was able to assert itself against renowned
competitors in the tendering process. A decisive factor was the fact that duisport
could offer comprehensive expertise as the operator of the largest hinterland port
in the world. Already in the previous year, duisport had produced an integrated
logistics and infrastructure concept for the São Paulo-Santos logistics corridor for
the Brazilian government.
The duisport packaging subsidiary dpl also expanded its presence. The company
started working with its affiliate dpl China and subsidiaries in Wuxi and Shanghai
in 2010, and it has also been doing business in India since the beginning of 2013.
It is located in Pune, which is about 150 kilometers southwest of Mumbai. Wellknown German machinery and plant engineering companies, which also count

The Moscovite, Tiger Train, and
New Silk Road train connections to
Russia and China are sought-after
economic and environmentally
friendly transport alternatives.

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among the customers of dpl in Europe, are also located here. The company duisport packing logistics India Pvt. Ltd (dpl India) operates on the basis of strategic
cooperation between the dpl parent company Duisburger Hafen AG and the
Indian logistics service provider Reach Cargo Movers Pvt. Ltd., who specializes in
heavy cargo and project logistics. Thus dpl India is the first internationally established packaging service provider in the export business in India and offers packaging according to European standards and transport solutions from a single
source. Above all, this complies with the request of German machinery and plant
engineering companies, who increasingly make use of qualified Indian supplier
companies for their worldwide industrial projects.
Successful partnerships
In 2012, dpl engaged in two significant participations in order to expand the packaging business in the German and European markets: in the future, customers in
France, Switzerland, and south-eastern Germany will be served by dpl alongside
the French packaging logistics company E.I.L.S. Emballages Industriels Logistique
& Services in Strasbourg. In addition, dpl expanded its service offering in Bavaria
with a participation in the Weinzierl group of companies.

shipments that cannot be X-rayed due to their dimensions or metal walls being
too thick.
Promoting ideas
Seizing opportunities, being proactive in terms of change, and getting involved
in change actively – these still remain important principles. Effective networking with partner companies and science enable the duisport Group to identify
trends and to promote innovations in a practice-oriented way. The logistics convention “Standortvorteil NRW: Industrie und Logistik – Partner mit Perspektiven”
(location advantages for NRW: partners with perspectives), which was supported
by duisport and organized by the Initiativkreis Ruhr in 2012, is an example of our
commitment. Justification of the title of this event with its top-class participants
was underlined by the distinction of duisport being recognized as the “Best port
in 2012.”

The convention “Standortvorteil
NRW: Industrie und Logistik –
Partner mit Perspektiven” took
place in September 2012.
Among others, Dr. Bertrand
Piccard, of the Solar Impulse
project, inspired with his talk
about innovative future ideas.

The duisport Group secured the title “Best Port Development” in a comparison performed by World Finance Magazine and thus outperforming renowned competitors.

Another partnership further serves to expand the portfolio of services of the duisport Group: Integrated Project Services GmbH (IPS), a joint venture with Ferrostaal
GmbH, Essen, will provide global forwarding services for industrial projects – primarily for machinery and plant-engineering companies. In particular, IPS will take
over forwarding services for investment business of the Ferrostaal Group. By bundling the competencies of both involved companies, IPS can take over all logistics
tasks of the project – from the concept and supplier management to implementation.
A new building block in the portfolio of services
The subsidiary duisport packing
logistics has been certified as a
regulated agent for air freight
safety.

The development of new fields of business also forms part of the core activities
of the duisport Group. During the reporting period, one such opportunity arose
for dpl: the subsidiary of the duisport Group utilized the change in the European
legal position regarding airfreight security to become one of the first companies
certified by the German Federal Aviation Office to act as a regulated agent to package airfreight for their customers according to the terms in the new EU air cargo
security regulation (EU) 185/2010 or to inspect packaged consignments.
For dpl customers, this means that their consignments – which have achieved the
status of “Secure” through sniffing and hand searches – can be dispatched quickly
and securely for airfreight clearance. This procedure is a decisive advantage for

From left to right: Dr. Klaus Engel, Prof. Michael ten Hompel, Dr. Martin Iffert, Dr. Hans W. Fechner, Erich Staake, Ulrich Grillo,
Minister Michael Groschek, Bodo Hombach, Christoph Blume, Karl Gernandt (speakers at the convention)

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Future topics like the expansion of infrastructure, the expected growth of transport, demographic change, and the development of communication and information technology present challenges that we face actively in terms of having
a sustainable planning process for the good of our company. For this reason, the
duisport Group supports a number of research projects as a co-initiator and partner of the “EffizienzCluster LogistikRuhr”.

Martin van Dijk (r.), chairman of
the skipper association Koninklijke Schuttevaer, presenting Erich
Staake, CEO of Duisburger Hafen
AG, with the “Anchor 2012” for
his services for the good of the
European inland shipping and port
industry.

The central service and information office DIALOGistik Duisburg, which was
established in 2012, provides an important contribution toward the promotion
of knowledge transfer, qualification, and sustainable operation. The network
coordinates different measures for training and continuing education and supervises, for example, three interdisciplinary research projects regarding the important topics of continuing (academic) education, organization, good governance,
and corporate social responsibility management (CSR management) within the
framework of the “EffizienzCluster LogistikRuhr”. The initial results include the
search engine for multimodal transport, Multimodal Promotion, which is already
online as a prototype, and the adaptive case database for logistics developed by
the University Duisburg-Essen, where methods of artificial intelligence are used
for internal knowledge management. Both of these confirm the close relationship
between practice and academics.
Our strength
A passion for logistics can be found everywhere in the duisport Group. Whether it
is a manager, a worker in a warehouse, or promising young talent: a high degree
of identification of the individual with the company can be seen everywhere.
Responsible and sustainable staff management and development help to create
a work environment that is characterized by team spirit, above average commitment, and a high degree of satisfaction among employees. A total of about 900
employees, including our trainees and appointed contract staff, contributed to
the success of our company during the 2012 financial year. The size of the workforce increased once again this year.
The duisport Group tries to be prepared for the looming shortage of technical
staff through sustainable human-resource work, suitable structures, and basic
conditions. Furthermore, as in previous years, the company trains more staff than
are required. We offer training positions for industrial managers, office managers,
estate agents, managers for forwarding and logistics services, warehouse specialists, and specialists for warehouse logistics.
In addition we promote personal professional further training on a large scale. We
offer individual internship and trainee positions in order to discover and promote

young talent. With the Neuss University for International Business, we have an
acknowledged partner for a part-time bachelor’s degree in logistics and supplychain management. This is an offer that makes us even more attractive for the
highly qualified next generation in logistics and allows us to link valuable expertise to us and to the region.
Besides the professional development of our employees, we are particularly concerned about the balance of family life and work as well as health in the workplace. Modern work models, like working from home, mobile work, and part-time
work, are applied on an individual basis.
With the expansion of our main administration building at the beginning of 2012,
we are now optimally prepared in terms of space for the coming years.
The building, which was erected according to the most modern environmental
standards, combines different departments at our central location in DuisburgRuhrort and also houses the employees of our new joint venture IPS in addition to
duisport offers many training
opportunities.

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The company

the employees who were previously accommodated in the office center at logport I.­
Besides that, the general growth of the number of employees of the duisport
Group necessitated this expansion.
Responsibility for the region
As a dynamic employer, we have a close relationship with the people in the region.
Therefore social commitment is a matter of course for us. The duisport Group
has been supporting children’s and youth projects, educational initiatives, sports
clubs, and cultural events for many years.
One of the projects that we support the most is the extensive and systematic promotion of young talent at the location. It is in our interest to develop duisport
into a magnet for the best talent. With the initiative TalentMetropole Ruhr, which
we started together with well-known companies like BP Europa SE, Evonik Industries AG, the RAG Foundation, and the Westfälische Hochschule, we have made
big strides towards this goal. The project, which is supervised by the Initiativkreis
Ruhr, organizes innovative informational and educational opportunities for young
people from all walks of life and for all professional profiles in logistics. At the
Talentakademie Ruhr, for instance, talented students from all types of schools can
do research and experiments for ten days at the Westfälische Hochschule and
thereby discover their strengths. The “Get ready” program supports secondary
school pupils, and the “Joblinge” campaign offers young adults a second chance
with professional training. We are currently working on the Internet platform TalentMonitor Ruhr, where a multitude of training and educational programs in the
Ruhr area are being presented at a glance for the first time. This is how we are
strengthening the Rhine-Ruhr metropolitan region.
The logistics experts and the
service providers, who work
together very well, were engaged
in a hard but fair contest: in the
late summer of 2012, 16 companies
competed in the First Duisport
Soccer Cup.

As a broadly based company, the duisport Group is in a position to give back a great
deal to the local population. We place great importance on supporting measures
selected by us over the long term in a sustainable way and continuing to support
projects over many years. Our sponsorship of the youth of the women’s soccer
club FCR 2001 Duisburg and other major sports opportunities are good examples
of this.
Besides the financial support by the company, individual employees have also
contributed to the initiation and implementation of such projects over the past
year through their personal commitment.
These included renovating the food bank at the primary school Vennbruchstraße
and making the wishes of children and young people of the neighboring youth
welfare institution come true at Christmas. Our trainees also support our social

commitment by moving their workplace to a children’s or youth institution for
one day on our annual project day and talking to the young people, helping them
with their homework, or supporting them in some other way.
The Management Board of the duisport Group participates in these measures with
a great deal of commitment. The CEO of the duisport Group, Erich Staake, regularly takes time to meet interested students in the “Dialog mit der Jugend” (dialog
with youth). At this series of talks, which was organized for the eighth consecutive
time now by the Initiativkreis Ruhr, he actively introduces secondary-school pupils
to the world of logistics and the exciting economic location of NRW.

The duisport Group presented
itself and the region at the logitrans Transport Logistics Exhibition
2012 in Istanbul.

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Table of contents
Group Report 	
	
1. 	Business developments and economic situation	
	
2. 	Presentation of earnings, financial, and asset position 	
			
2.1	Infrastructure and suprastructure business segment	
			
2.2	Transport and logistics services business segment 	
			
2.3 Packaging logistics business segment 	
			
2.4	Participations	
			
2.5	Investments 	
			
2.6 Employees	
	
3. 	Supplementary report	
	
4. 	Report on opportunities and risks	
	
5. 	Risk reporting regarding the use of financial instruments	
	
6. 	Outlook	

41
42
42
44
45
47
50
51
52
53
53
54
55

Annual Financial Statements 	
	
Duisburger Hafen Group	
	
Duisburger Hafen Aktiengesellschaft 	
	Consolidated notes and notes on the financial statements of
	
Duisburger Hafen Aktiengesellschaft	
	
Audit opinion 	
	
Shareholders	

59
60
70
76
100
102

Imprint 	

104

Port map 	

105

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Renewed growth in total revenue
1. Business developments and
economic situation

2012. Nevertheless, logistics remains one of the
major economic sectors in Germany.

During 2012, the global economy lost further
momentum and is expected only to develop at a
rather modest pace in 2013. Advanced economies
have only recorded a small growth of gross domestic product in 2012. But also in emerging countries,
where the economies have grown significantly
during the past years, economic dynamics have
noticeably decreased. According to preliminary calculations, annual average growth of 3.2 percent of
global production is expected for 2012 and growth
of 3.8 percent is projected for 2013.1

Compared to 2011, overall modal goods transport
hardly changed in 2012, and according to projections by the German Federal Office for Goods
Transport (Bundesamt für Güterverkehr – BAG) a
decrease of 0.8 percent was recorded as well as a
stagnation in performance.4

The economy of the euro zone remained in recession under the influence of national debt and bank
crises in 2012. Countries in southern Europe were
particularly affected. Despite slight economic
growth in countries like Germany and France, the
annual average of the gross domestic product of
the euro zone has decreased by 0.5 percent. For
2013, a repeated decrease of 0.2 percent is projected.2
The economic development in Germany has
declined further during the course of 2012. This can
primarily be attributed to the poor external economic environment and to the uncertainty regarding the economic policy for coping with the crisis in
the euro zone. Compared to the previous year, the
overall economic production could grow marginally by 0.7 percent in 2012. For 2013, growth of only
0.3 percent is projected.3
After the strong growth of almost six percent in
2011, the German logistics industry generated
growth of two percent in 2012.
The cooling off of the logistics economy of the
third quarter continued in the fourth quarter of

The performance of road freight transport
decreased by 0.3 percent, or 1.4 billion metric-tonkilometers compared to the previous year. Railway traffic also experienced weaker development
than was expected in 2012, especially in combined
traffic, showing a transport volume of approximately 111 billion metric-ton-kilometers (minus 2.1
percent). Only inland navigation showed positive
development compared to the previous year and
recorded an increase in volume of one percent, or
about seven percent of performance, to 58.8 billion
metric-ton-kilometers.

2. Presentation of earnings, financial,
and asset position
The duisport Group was able to increase turnover5,
taking into account the revenue of 148.4 million
euros from strategic investments in the previous
year, to 159.8 million euros in the year under review
(of this, revenue from strategic investments 10.0
million euros). The EBITDA6 increased by 1.1 million
euros to 28.9 million euros in 2012 (2011: 27.8 million
euros).
In the infrastructure and suprastructure business
segment, the duisport Group achieved a turnover5
amounting to 40.2 million euros (previous year:
38.2 million euros).

The increase of 5.2 percent resulted from new settlements and new leases at a continued stable
level of rental prices at the location. The hall space
of the duisport Group was almost fully occupied, as
in the previous year.
In the logistics services business segment, turn­
over5 decreased marginally in 2012 by 0.9 percent
to 43.5 million euros (previous year: 43.9 million
euros). This can be attributed to slightly declining
traffic fees as well as a markedly reduced volume
of project management. During the past financial year, the total turnover of the duisport Group
decreased by 1.2 percent from 64.1 million metric
tons in 2011 to 63.3 million metric tons in 2012.
In 2012, the packaging logistics business segment
recorded a turnover5 of 51.8 million euros, which
is 2.4 million euros more than in 2011 (49.4 million
euros). Besides the successful acquisition of new
customers, this development can also be attributed to an intensification of business relations
with our major customers in 2012.
Other turnover5 in 2012 essentially relates to revenue from the selling of a logistics hall. It increased to
14.3 million euros (previous year: 6.9 million euros).
The stable operating results of the duisport Group
are the result of our sustainable investment at the
Duisburg location, in the region, and from international activities. The return on investment resulting from this strengthens the investment base for
future projects.

The EBITDA increased once again. The long-term
review shows a clear and sustainable increase in
value.

was the turnover5 of the duisport Group in the 2012 financial year.

The balance sheet total of the Group increased
from 307.7 million euros by 0.8 percent to 310.1
million euros. In the infrastructure business, the
majority of assets are tied up over the long term as
fixed assets, such as real estate, buildings, and port
infrastructure. At 84.1 percent (previous year: 81.6
percent), investment intensity remains the dominating factor of the balance sheet structure.
By contrast, current assets decreased to 49.1 million euros (previous year: 55.0 million euros). On
31 December 2012, the equity ratio of the duisport
Group was 36.6 percent (31 December 2011: 36.7
percent). Despite the good Group results, this small
decline is in the first instance attributable to the
distribution of dividends for the years 2009 to 2011,
amounting to 7.5 million euros, as well as increased
investment activities and the resulting increase in
the loan portfolio.
During the past financial year, the duisport Group
has spent 25.9 million euros on tangible asset
investments and financial investments (gross)
(previous year: 15.8 million euros). This increase pri-

	 Source: Institute for Global Economy (Institut für Weltwirtschaft), winter report 17 December 2012.
	Ibid.
3
	Ibid.
4
	Source: BAG, moving medium-term projection – short-term projection summer 2012.
5
	Revenue including capitalized own services and changes in inventory.
6
	Earnings before interest, taxes, depreciation, and amortization.

1

2

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Group Report

The duisport Group was able to
increase container handling in combined
transport to 2.6 million TEU.

marily resulted from the logport III project, which
was implemented in 2012, and first advance payments for a number of investment projects, which
will be completed in 2013.
Cash flow I (= net profit for the year + depreciation and amortization of tangible fixed assets +
changes in long-term provisions + changes in
deferred tax assets) increased to 18.4 million euros
(previous year: 17.1 million euros). Besides the
improved annual result, the fact that the longterm provisions for 2012 declined less than in 2011
was the major contributing factor.

this development. By contrast, staff costs, maintenance costs, and tax expenditures increased overall.
The equity ratio of Duisburger Hafen AG decreased
from 37.3 percent to 35.0 percent compared to the
previous year. With virtually unchanged equity
capital due to the dividend distribution in 2012, the
balance sheet total increased by about 16.2 million
euros due primarily to the investments made during the year under review.

2.1 Infrastructure and suprastructure
business segment
In 2012, the turnover5 of the infrastructure and
suprastructure business segment increased by 5.2
percent to 40.2 million euros (previous year: 38.2
million euros).

of the port area have been almost completely marketed since 2012.

Cash flow from investment activities decreased
from –9.8 million euros to –15.1 million euros due
to the increased investments in 2012. Against the
background of the increased investment level and
the associated higher loan requirement in 2012,
cash flow from financing activities increased to –1.6
million euros (previous year: –4.3 million euros).
In the individual financial statements of Duisburger Hafen AG, the annual surplus was greater
than expected. Compared to the previous year,
it increased from 7.8 million euros by 0.3 million
euros to 8.1 million euros. The increased revenue
from turnover (from 26.2 million euros to 27.5 million euros), lower cost levels for advertising and
consultation services, and significantly improved
investment results are the primary reasons for

In the Infrastructure business division, the turnover5 resulting from the lease of commercial premises increased by 4.4 percent to 25.9 million euros
(previous year: 24.8 million euros).
With a marketing performance of about 300,000
square meters in 2012, all important port areas as
well as principal areas outside of the port area have
been marketed to the relevant customers.
The turnover5 in the Suprastructure business division comprises the lease of port areas as well as
further suprastructure installations for logistical purposes. During the 2012 financial year, this
amounted to 14.3 million euros, which is 6.7 percent more than the level of 13.4 million euros from
the previous year.

The expansion of warehousing space capacity
results from the new construction of additional
covered warehousing space at logport I. In addition, about 1.8 million square meters of covered
warehouse area is available in the Duisburg port,
which is utilized by about 300 companies based in
the port.

2.2 Logistics services business segment
In the logistics services business segment, turnover5 decreased marginally in 2012 by 0.9 percent
to 43.5 million euros (previous year: 43.9 million
euros).
Including the private commercial ports, 110.0 million metric tons of goods were handled in the
entire Duisburg port in 2012 (previous year: 125.6
million metric tons). To a large extent, the decline
is the result of poor development in the coal and
steel sector at the private commercial ports due to
economic conditions.
In the duisport Group’s docks, the transport volume handled by ship, rail, and truck dropped by 1.3
percent from 64.1 million metric tons in the previous year to 63.3 million metric tons in 2012. This can
mainly be attributed to declines in the divisions of
coal, mineral oils, chemical products, iron, steel,
and nonferrous metals. The results of combined
traffic improved once again. Container handling
by ship, railway, and truck grew by four percent to
2.6 million TEU (2011: 2.5 million TEU) and thereby
reached yet another record high.

	 Revenue including capitalized own services and changes in inventory.

5

Goods transport by ship decreased in 2012 from 17.1
million metric tons in the previous year to 16.0 million metric tons. In contrast, railway transport was
able to marginally surpass the result of the previous year of 15.8 million metric tons with 16.0 million
metric tons in 2012. Duisburg is the most important
combined transportation hub in the hinterland of
the seaports. As a European gateway for combined
transportation, duisport is a central starting point.
Twenty-five national and international railway service providers and operators connect duisport with
18,000 trains annually and 360 connections per
week to more than 80 destinations in the European
Union as well as Moscow and China. Besides this,
Duisburg is directly connected to the large North
Sea ports via the Rhine with daily inland navigation
lines as well as river-sea shipping lines. Truck transport (prehaulage and posthaulage) showed slight
growth in 2012 to 31.3 million metric tons (previous
year: 31.2 million metric tons).
Bulk goods
During the past financial year, bulk goods handling
by ship and by railway decreased from 16.0 million
metric tons in the previous year to 15.4 million metric tons.
The strongest goods group in this division was
again coal (imports) with 7.6 million metric tons
(previous year: 7.7 million metric tons).
In the mineral oils and chemicals segment, the
high level of the previous year of 5.6 million metric
tons could not be maintained in 2012 with a handling volume of 5.2 million metric tons.

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Group Report

The transshipment of mass goods by ship and
rail dipped slightly to 15.4 million metric tons.

The scrap/other goods segment showed a decline
with 1.6 million metric tons (previous year: 1.7 million metric tons). The stone, soil, building materials segment, which is strongly influenced by spot
transactions, dropped to 0.9 million metric tons
(previous year: 1.0 million metric tons).
General cargo handling
General cargo handling by ship and by railway
dropped in 2012 in the ports of the duisport Group
to 16.6 million metric tons (previous year: 17.0 million metric tons). The iron, steel, and nonferrous
metals segment showed the biggest decline with a
handling volume of 4.1 million metric tons (previous
year: 4.5 million metric tons). Containers (including
roll-on and roll-off goods) were again the strongest goods group with a proportion of 39 percent
of the entire ship and railway handling. If all means
of transport are included, general cargo handling
reached a total of 2.6 million TEU in the ports of the
duisport Group in 2012. Container handling (including roll-on and roll-off goods) maintained the level
of the previous year of 12.5 million metric tons with
a modest rising trend. Converted into the standard
measure of container cargo capacity, the twentyfoot equivalent unit (TEU), ship and railway container handling reached 1,354,000 TEU (previous
year: 1,302,000 TEU), which corresponds to an
increase of about four percent. A total of 449,000
TEU could be transported by ship in container
transport (previous year: 466,000 TEU), which represents a decline of 3.6 percent. Combined transport with reference to railway increased by 8.3 percent to 905,000 TEU (previous year: 836,000 TEU).
Logistics services
The structure and optimization of transport
chains, property-related services from construction consultation to building management, and
the strengthening of the duisport railway traffic

hub form part of the core of the services portfolio
of the duisport Group.
duisport agency
duisport agency GmbH (dpa) is the marketing and
sales company of the duisport Group. Its objective
is to further increase the performance capacity
of the Duisburg logistics location. The company
operates as a central point of contact for duisport
customers. In addition, it initiates and implements
new transport chains and shuttle connections
and develops multimodal transport concepts. dpa
involves the partner companies in the Port of Duisburg as much as possible in preparing offers and
thereby takes over the role of an intermodal network operator.
In 2012, the transport markets were subjected to
immense pricing pressure with regard to general
economic development. dpa faced this market
situation by incorporating topics like green logistics and sustainability with intelligent logistics
approaches in the form of combined railway-andbarge solutions. Railway offers for the emerging
markets of eastern and south-eastern Europe are
being developed and improved just as much as the
important connection to the Belgian seaports of
Antwerp and Zeebrugge.
In 2012, improved and new railway offers were
made by duisport in order to extend the interconnection of the Ruhr region. Through this consistent further development, the position of the
Ruhr region as the largest inland transport hub of
Europe with the Port of Duisburg as the leading
hub and gateway for central European markets has
been strengthened in a sustainable way. Especially
the investments in new and existing railway connections has further strengthened the competitive
position of duisport.

The Port of Duisburg is an
established location for
automobile transport.

In 2012, the company showed sales revenue of 35.7
million euros (previous year: 33.7 million euros) and
achieved better results than in the previous year.
duisport facility logistics
The range of services of duisport facility logistics
GmbH (dfl) is subdivided into three divisions. On
the one hand, dfl is responsible for the design and
implementation of building projects of the duisport Group (project management division). On
the other hand, dfl is responsible for the ongoing
maintenance of roads and waterways in the port as
well as services around the port infrastructure and
for the real estate of the Group and its customers
(facility management division). And lastly, logistics
services in the port logistics division, particularly
crane management and expert opinion activities,
round off the range of services offered by dfl.
In 2012, dfl started with the implementation of the
project Terminal Hohenbudberg/logport III and the
expansion of the road “Am Stellwerk”; operation
of the terminal started in the first quarter of 2013.
Another large project, which was already started in
2011, was the construction of an additional logistics
hall at logport I. Hall space with an area of about
21,000 square meters was created on a property
of almost 40,000 square meters. The customer
started operations on schedule in August 2012.
In 2012, the company showed sales revenue of 38.9
million euros, thereof 5.4 million euros externally
(previous year: 20.4 million euros) and achieved
results approximately at the level of the previous
year, though significantly lower than planned.
duisport rail
The public railway operating company duisport
rail GmbH (dpr) concentrates on local and regional
traffic. In this regard, dpr has taken over trans-

port services for numerous regional train shuttles.
Besides this, services like loading port operations,
single-carriage traffic, weighing, and technical carriage inspections are offered. Sales revenue of dpr
essentially consists of works management and
route traffic.
In 2012, the company showed sales revenue of 8.0
million euros, thereof 0.2 million euros externally
(previous year: 6.6 million euros) and achieved better results than in the previous year.
duisport consult
The company duisport consult GmbH (dpc) develops logistics and port concepts for locations worldwide. In the preparation of independent offers, dpc
relies on the expertise of the duisport Group and
the close proximity to the operations of the Port
of Duisburg.
Against this background, the company can present
competent services in the area of studies, analyses,
technical assistance, management, operational
planning, technology, and project management.
The Consolidation Center in Wörth is among the
projects from 2012. The services of dpc are essentially related to planning and project management
work.
In the 2012 financial year, dpc showed overall
results of 0.3 million euros (previous year: 0.5 million euros) and a breakeven result for the year.

2.3 Packaging logistics business segment
In the packaging logistics business segment, more
than 400 employees operate locally and abroad.
Besides independent companies both locally and

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In order to expand the dpl
Group, development of
the Chinese site was accelerated and a joint venture
in the field of industrialgoods packaging was
founded in India.

The dpl Group expanded its business processes in 2012 with strategic
investment.

abroad, it comprises numerous subsidiaries and
operating units. Packaging logistics is an integral
part of the offer of the Port of Duisburg. It does not
only supplement the existing infrastructure and
suprastructure offer, but beyond that it expands
the range of services offered by the duisport Group.
With its positioning in the packaging and project
logistics division, the duisport Group has created
an interface to machinery and plant engineering. In this way, the flow of goods from the capital goods industry can be bundled and optimized
for one of the important industries of the export
nation of Germany.
During 2012, the focus of the strategic alignment
was placed on the expansion of business in southern Germany and Asia.
The turnover5 of the packaging segment amounted
to 51.8 million euros during the reporting period.
This exceeded the value of the previous year of
49.4 million euros by 4.9 percent in a difficult market environment.
The company duisport packing logistics GmbH
(dpl) is the main company in the packaging logistics
division. With a broad offering of packaging, warehousing, and transport services, dpl is positioned
in the international market and is among the market leaders in the field of special packaging for the
capital goods industry. With a 26,000 square meter
hall area and 57,000 square meters of open space
at the locations Duisburg, Essen, and Sendenhorst
as well as high-tech equipment, dpl offers one of
the most modern European packaging operations
for the capital goods industry with an optimal trimodal connection via the Port of Duisburg. Additional sites are operated in Hamburg and Antwerp.

The 2012 financial year was characterized by difficult market conditions for dpl. After a slow start
due to a high degree of uncertainty within machinery engineering at the start of the year, good performance figures were achieved during the course
of the year through the implementation of large
projects. Internal cost reduction and efficiency
improvement measures formed the basis for a significant improvement in the company’s final result.
During the 2012 financial year, the new Profit Center
organization was implemented successfully. In
the production division, crate production capacity was doubled. These measures also contributed
significantly to the improvement of results for the
company. Furthermore, additional measures for
the offer of air-freight safety checks were implemented at the location of dpl GmbH. The position
of the company is thereby structured in a forwardlooking way.
With a heterogeneous business trend, a total
result of 39.5 million euros (previous year: 38.1 million euros) was achieved. After negative results in
2011, the company could again achieve a slightly
positive result.
The customers of dpl Chemnitz GmbH include
renowned machinery and plant engineering companies.
In 2012, dpl Chemnitz GmbH further expanded
and strengthened its competitive position in the
greater area of Chemnitz and Saxony. A stable
order utilization at a high level with overall results
of 10.5 million euros was achieved in the 2012 financial year. The annual result remained at a high level.

After the insolvency of the main customer at the
end of 2011, dpl Süd GmbH was able to achieve an
overall result of 3.0 million euros in 2012 (previous
year: 4.9 million euros); the overall turnover situation has stabilized and the annual result is at the
level of the previous year.
In view of the future international structure of the
dpl Group, the groundwork for further expansion
was laid in 2012. Besides the expansion of the location in China (Shanghai/Wuxi), the foundation of
a joint venture for packaging of capital goods and
project logistics took place in India.
The company duisport packing & project logistics
India Pvt. Ltd. is focused on offering logistics and
project management in the target markets of German plant construction companies and thereby
generating orders from existing customers of the
dpl Group in India.
After founding the company together with an
Indian partner company, business operations will
commence during 2013. The international machinery and plant engineering centers in western India
can be served excellently from the new location in
Pune.
Additional decisive course-setting actions for the
further development of packaging activities were
taken in 2012.
It is a central focal point of the packaging industry
of duisport to ensure a comprehensive provision of
the full range of industrial packaging services to
the markets via locations close to the customers.

5

	Revenue including capitalized own services and changes in inventory.

With this in mind, duisport acquired participations
in various companies of the southern German
Weinzierl Group in 2012. Shares in the company
Weinzierl Verpackungen GmbH amounting to 51%
were acquired with effect from 1 January 2013. The
objective of this participation is an intensification
of company activities in the field of packaging in
Bavaria.
Another focal point of the packaging industry is to
significantly increase the security of supply in the
crate sector and to optimize it in a sustainable way
in terms of cost.
Against this background, shares amounting to
25.1% of the Weinzierl companies Holz Weinzierl
Fertigungen GmbH & Co. KG and Omnipack GmbH
were acquired with effect from 1 January 2013.
The operative business processes of the Weinzierl
companies were started by duisport at the beginning of January 2013 and will be expanded further
during the current year.
With the 29 percent share acquired in the French
industrial packaging company E.I.L.S Emballage
Industriels Logistique & Services (SAS) in the
fourth quarter of 2012, the duisport Group intends
to intensify company activities in the field of industrial packaging in France and the Federal States of
Baden-Württemberg, Rhineland-Palatinate, and
Saarland.

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Revenues and results
at the HTD were
significantly higher in
2012 than the previous year.

2.4 Participations
In the 2012 financial year the duisport Group held
shares in various operating companies of terminals
in the field of container handling, combined transport, and coal-import handling. In addition, we are
engaged in the development and marketing of
logistics real estate in the Ruhr region via our participation in logport ruhr GmbH. Besides this, joint
ventures with important companies in the chemical industry and project development could be further developed in a targeted fashion.
DIT
The Duisburg Intermodal Terminal (DIT) is one of
the trimodal interfaces for goods handling across
Europe at logport I. Besides the main shareholder,
Contargo (66 percent) from the Rhenus Group,
and the duisport Group (24 percent), the Swiss
combined operator Hupac holds 10 percent of the
shares in DIT GmbH. While container handling
per ship declined, the railway hand­ling figures
increased once again. Overall, the total handling
and the annual results were higher than in the previous year.
UTM
Umschlag Terminal Marl GmbH & Co. KG (UTM)
operates a specialized terminal for the combined
railway transport in the Marl Chemical Park. The
duisport Group holds 50 percent of the shares in
the company. Infracor GmbH is another shareholder. The UTM terminal is ideally connected to
the Europe-wide combined transport network and
to the seaports via the Port of Duisburg. Due to
high utilization of the terminal, the result before
taxes was higher than the level of the previous
year.

D3T
The French shipping company CMA CGM and the
Japanese shipping company NYK Line each hold
40 percent shares in Duisburg Trimodal Terminal
GmbH (D3T) at logport I. The duisport Group holds
20 percent. Shipping companies operating worldwide use the terminal for regional and gateway
transport. Different ship and train shuttles regularly connect D3T with the seaports of Zeebrugge,
Antwerp, Rotterdam and Amsterdam. D3T has seaport status as a container yard (CY). Bills of lading
can therefore be made out directly to the container
terminal in Duisburg. The terminal is thereby optimally incorporated into the highly frequented network of intermodal logistics services in Europe.
MASSLOG
The MASSLOG terminal, which is situated at
Rheinkai Nord, handles imported coal. HTAG Häfen
und Transport AG is the majority shareholder (70
percent) of MASSLOG GmbH. Indirectly, the duisport Group holds 20 percent of the shares, while
the Port of Amsterdam holds the remaining 10 percent.
Customers from the manufacturing industry and
the energy industry make use of the handling and
distribution services, including prehaulage and
posthaulage, and also use the terminal as intermediate storage facility. In 2012, the volume development of MASSLOG was higher than in the previous
year.
Antwerp Gateway
The duisport Group holds 7.5 percent of the shares
in the Antwerp Gateway seaport terminal.
The operator DP World and various reputable shipping lines own the remainder of the company. Regular shuttle services link the Antwerp Gateway ter-

minal with the Port of Duisburg and ensure quick
and efficient transportion into the hinterland. Container handling declined in 2012 compared to the
previous year. The outlook for the future remains
cautious.
Heavylift Terminal
Heavylift Terminal Duisburg (HTD) is operated
by duisport together with the two heavy-goods
haulers Kübler from Schwäbisch Hall and Kahl
Schwerlast from Moers. The 2012 turnover and results
were higher than the level of the previous year.
logport ruhr
The company logport ruhr GmbH (logport ruhr),
as a development and marketing company of
the duisport Group and RAG Montan Immobilien
GmbH, identifies suitable properties in the Ruhr
region in order to develop them into attractive
logistics sites.
During 2012, logport ruhr was primarily involved
in land development in Oberhausen and in KampLintfort. The projects were in different planning
phases or public approval procedures. In this
regard, intensive dialog and close coordination
with municipalities is taking place in order to integrate future logistic utilization opportunities into
municipal urban-development concepts.

of developing the market position in the field of
chemical-industry logistics. In 2012, a new company development was started in the open spaces
that were provided for further utilization. The 2012
turnover and results were higher than the level of
the previous year.
DuisPortAlliance
DuisPortAlliance GmbH is a joint venture company of the duisport Group and a subsidiary of the
HOCHTIEF-Group. The similar interests of duisport
and HOCHTIEF to open up new business fields and
to increase the overall value-creation chain were
combined in a joint company, which is aimed at
the port and railway logistics segment. In 2012,
the coordination process of establishing starting
points for future projects continued.

2.5 Investments
With reference to capital and financial investments of 25.9 million euros, the duisport Group has
achieved a 10.1 million euros higher investment level
than in the previous year.
The construction of the terminal Hohenbudberg/
logport III was among duisport’s most important
projects in 2012.

Since the company is still in the project development phase, it showed a negative result during the
reporting period, taking into account the required
preoperating costs.
can be handled per year in the new terminal at logport III.

Tarlog
Tarlog GmbH is a joint venture company of the
duisport Group and Rütgers Germany GmbH.
Tarlog is another important building block for
duisport in the implementation of its concept

With a total investment volume of about 25 million
euros, the final stage of the new railway terminal
will comprise nine single-rail tracks and two portal
cranes on an overall area of 150,000 square meters.

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Energetic and committed:
the duisport Group staff.

Up to 500,000 TEU can then be handled annually.
The start of operations for the first stage of the new
terminal took place in the first quarter of 2013.
The railway bridge “Am Stellwerk”, which can only
be used for road transport in a limited way, will be
replaced by a concrete bridge for the direct connection of logport III to the L 473n. Work was completed
according to plan at the end of April 2013.
Another large project in 2012 comprised the construction of a logistics hall at logport I. The new
logistics center, which was constructed according
to customer specifications over seven months and
handed over as a turnkey project in the third quarter
of 2012, offers about 21,000 square meters of hall
space and an integrated office block of 900 square
meters. The new logistics center was built on one
of the last open spaces at logport I on the almost
40,000 square meter corner property at Gaterweg
and Antwerpener Strasse.
In the future AUDI AG will export automobile components via the Port of Duisburg. For this purpose,
duisport will erect a new logistics center in 2013
with a hall area of about 45,000 square meters in
the logport II area, directly alongside the Rhine, for
the logistics company that was contracted by the
automobile manufacturer. The logistics complex
will get its own in-house private rail link for the
supply of conventionally packaged goods. Efficient
provision of containers required for export is guaranteed by duisport via the neighboring empty-container depots.
In the field of steel logistics, the duisport Group
erected a steel-handling hall for a customer, and the
facility went into operation in the spring of 2012. For
this project, duisport developed both the entire inhouse logistics concept and the buildings.

2.6 Employees
During the 2012 financial year, an average of 850
employees (including trainees and factory and
temporary employees) were employed by the duisport Group. This represents an increase in the level
of employment by about five percent compared
to the previous year. A sustainable recruitment
process, which is specifically targeted at attracting highly qualified staff, forms the basis for new
employees joining our enterprise.
Many years of employee loyalty, above-average
employee motivation, and a high degree of satisfaction among the workforce are the overall result
of open communication in the company and a
transparent company and management culture. At
duisport, we not only support our employees professionally through individual advanced training
opportunities, but we also place great value on reconciling family life and work and on occupational
health management. From a sustainability point
of view, we ensure that both the management and
our employees maintain a good work-life balance
and support this through organizational and individual measures.
Ultimately, strong identification of the individual
with the company as well as the team spirit within
the duisport Group result from this positive work
environment. For us these are the decisive building
blocks that will allow us to successfully develop our
group of companies in the future.
In practice, we cover the entire spectrum of operational personnel work from training and individual
advanced training programs to focused personal
development by involving our committed and
highly motivated managers.

Thus we support not only the transfer of expertise
but also the personal and individual development
of each employee, which is just as important to us.

duisport consult GmbH within the framework of
a Group-internal restructuring. The port logistics
division will remain at dfl in the future.

Therefore, the areas of social competence, responsibility, leadership, and target orientation in particular are promoted in our junior managers.

With the agreement dated 12 April 2013, Duisburger Hafen AG reached an agreement with RBH
Logistics GmbH, Gladbeck, for the premature termination of the contract on the coal island in the
Port of Duisburg.

In addition, we address young talent within the
framework of our employer branding in order to
have the best talent in logistics for the future.
With an average of 27 trainees for roles such as
industrial managers, agents for haulage and logistics services, and specialists for warehouse logistics, we are assuming our social responsibility when
it comes to operational training in all respects. As
in previous years, we have trained significantly
more employees than required in 2012.

3. Supplementary report
With effect from 1 January 2013, the duisport Group
acquired shares in a number of companies in the
Weinzierl Group. This involves 51% in Weinzierl Verpackungen GmbH as well as 25.1% in each of Holz
Weinzierl Fertigungen GmbH & Co. KG, Weinzierl
Beteiligungs-GmbH, and Omnipack GmbH, respectively. In return, Duisburger Hafen AG sold 25.1% of
the shares to dpl Süd GmbH.
In January 2013, Duisburger Hafen AG concluded
interest rate swaps for long-term hedging against
interest rate fluctuations, amounting to 58.5 million euros over a period of up to 20 years.
The facility management division was transferred
from dfl to Duisburger Hafen AG, and the project
management division was transferred from dfl to

Further effects after the date of conclusion, which
could have had an effect on the revenue, financial,
or asset situation, did not materialize.

4. Report on opportunities and risks
The risk management system implemented by
duisport meets all company law requirements
concerning early warning systems for risks posing
potential threats to a company’s existence. The key
elements of the risk management system are laid
down in a code of practice that is binding for the
entire Group.
A balanced risk-opportunity profile incorporating
our operational business processes and the Group’s
strategic direction forms the basis for the valueoriented development of the duisport Group. The
risk management system ensures that this profile
is continuously updated.
The risk portfolio lists 13 potential individual risks,
affecting a total of 37.6 million euros. The observation period spans a period of three years. To control
these risks, we are taking suitable countermeasures that reduce the total potential risk volume to
around 26 million euros, representing a total risk
potential per year of about 8.7 million euros.

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Group Report

As the largest infrastructure
provider, duisport is of central
importance for the region.

Overall, the duisport Group has positioned itself
in a highly competitive market environment with
high-quality services and a customer-oriented
approach that is continuously developing its offerings. This is always done with very prompt reactions to changes in market requirements. Besides
the further development of regional partnerships, there is also a focus on the development
of relationships with other logistics locations and
customers abroad. Sustainable development is
achieved by expanding existing and developing
new transport relationships. In this regard, the gain
of market share based on the stable economic situation of the duisport Group is seen as a significant
opportunity.
The duisport Group is the largest infrastructure
provider in the region in and around Duisburg. This
poses the possible risk that leased areas must be
restored after being returned by the previous tenants before they can be offered for use by new tenants.
We have minimized financial burdens arising from
this for the duisport Group by restoration agreements with our tenants.
Regarding our participations, we closely observe
individual units in order to be able to react to undesirable developments in due time.
The banks place very high demands on long-term
financing of investments and the refinancing of
the operative business. The duisport Group complies with all of these demands. No restrictions
could be identified for the granting of credit. On
the one hand, this is a result of the creditworthiness and the economic success of the duisport
Group and, on the other hand, as a result of the
existing participation structure.

Based on existing profit-and-loss transfer agreements and central financing, the duisport Group
carries the majority of economic risks for activities in the Group companies. The Group structure
is shown in the appendix. Significant price-change
risks, default risks, and liquidity risks, as well risks
from payment fluctuations, which are of importance for the evaluation of the situation or the foreseeable development of the Group, do not exist.
The companies of the duisport Group are serviced
with capital according to business purpose and
by taking into consideration the risk situation. No
risks were identified during the reporting period
that would individually or cumulatively endanger
the existence of the duisport Group.

5. Risk reporting regarding the use of
financial instruments
The duisport Group takes comprehensive measures to hedge financial risk. In the first instance,
these concern financial transactions during operational business, the Group’s financing activities,
and valuation changes to balance sheet items.
Interest rate risk is reduced through the use of
interest derivatives, and swap agreements are
concluded in order to hedge up to 100 percent of
existing or anticipated variable interest liabilities.
As of the closing date, the duisport Group’s lines
of credit were not fully utilized. The credit portfolio
risk structure is monitored through the use of key
figures and continuously compared with market
estimates. An organizational code of practice for
derivatives management is in place.
The duisport Group has longstanding working
relationships with a variety of banks. Our financial
transactions are subject to predefined limits with

the goal of establishing a degree of certainty as to
the likely interest rates applicable to the financing
needs specified in the company budget and not
exceeding a preset level of interest payments.
The availability of funds has been secured via lines
of credit with several different banks, and borrowing is restricted through covenants that require us
to maintain a consolidated equity ratio of at least
30 percent. In the event of changes in the companies that make up the duisport Group that would
lead to the portion of public shareholders falling
below 50 percent, contractual provisions have
been agreed granting the banks in question a right
of termination.
The relevant sections of the duisport Group have
taken out suitable trade credit insurance to cover
potential debt defaults.

6. Outlook
Despite the tense economic situation, the duisport Group expects sustainable growth due to
the diversified range of services and the continuous expansion of fields of business. The Port of
Duisburg will continue with a focused investment
policy in order to strengthen the logistics location.
The planned gross investments for 2013 will be
increased with a strong focus on expansion and
new projects. Thus the capacities of the port will
be expanded proactively and will be developed
further based on concrete customer requirements.
The construction of a logistics center for a successful automobile manufacturer operating on
an international level, which will be completed in
2013, is of outstanding relevance in this respect.

The continuing worldwide economic uncertainty
has led to a dampening of the business climate
in the transport and logistics industry. Based on
the current situation, a weaker order situation is
expected for the medium term.
The western ports experienced the declining world
economy in 2012 through decreases in container
handling and expect little growth or stagnation
for 2013. Overcapacity in shipping led to low freight
rates, and a recovery is only expected from 2014
onwards. In our opinion, the railway freight traffic
will be less affected and should be able to maintain
the good utilization it has seen thus far.
For 2013, a nationwide increase of the transport
volume and transport services to the level before
the crisis is expected.
It must be assumed that the moderate growth of
German machinery and plant-engineering business will have an impact on the overall volume of
the packaging industry and thereby also on the dpl
Group in 2013.
In 2012, the duisport Group expanded its international activities to India and France. Further projects
are planned for Brazil and south-eastern Europe.
The focus of the activities is on the development
of locations for packaging and project logistics and
on the application of expertise at strategic traffic
points, which have been developed by duisport,
especially for sea and inland ports, in cooperation with local partners. By acquiring customers in
these countries, the flow of goods to Europe will be
routed via North Rhine-Westphalia and Duisburg.
duisport has set itself the goal of strengthening
the high degree of acceptance of the port as part
of the city of Duisburg and to face future utiliza-

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Group Report

tion conflicts actively. For this purpose, duisport
will develop environmentally and socially friendly
solutions in close dialog with the municipal management and their interest groups and will place
the port location at the top of a sustainable movement.
Including the sales revenue from strategic participations, the duisport Group plans a total income of
about 170 to 175 million euros and corresponding
results from normal business activity of at least 10
million euros. For 2014, we expect an increase in
total income.
The Duisburger Hafen AG plans sales revenue
amounting to at least 25 million euros for the 2012
financial year and more than 30 million euros for
2014. According to current planning, the result of
normal business activities will be more than seven
million euros for 2013 and more than nine million
euros for 2014.
Duisburg, 3 May 2013
Duisburger Hafen Aktiengesellschaft

Management Board

Staake 	
(Chairman)

Schlipköther 		Bangen

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Annual financial statements

Table of contents
59
60
60
63
64
66
68
70
70
72
73
74

Annual Financial Statements	
	
Duisburger Hafen Group 	
			Consolidated balance sheet 		
			Consolidated income statement	
			Consolidated statement of changes in fixed assets	
			
Statement of changes in shareholder‘s equity	
			Consolidated cash flow statement	
	
Duisburger Hafen Aktiengesellschaft 	
			Balance sheet 	
			
Income statement	
			Participations 	
			
Statement of changes in fixed assets	
	Consolidated notes and notes on the financial statements of
	
Duisburger Hafen Aktiengesellschaft
	
Audit opinion 	
	
Shareholders	

76
100
102

Imprint 	

104

Port map 	

105

59

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Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated balance sheet as at 31 December 2012
Assets

31 Dec. 2012

31 Dec. 2011

a

1,000 a

A.  Fixed assets
	

1.	Self-made values

206,004.00

309

		

2.	Purchased industrial property rights and similar rights and
values, and licenses for such rights and values

269,288.53

310

		

3.	Goodwill

9,981,668.17

11,096

		

4.	Advance payments made

0.00

41

10,456,960.70

11,756

191,487,902.52

193,887

26,849,513.06

28,376

II. 	 Property, plant, and equipment

		

1.	Land and buildings

		

2.	Technical equipment and machinery

		

3.	Other equipment, operational and business equipment

2,454,054.67

2,082

		

4.	Advance payments made and assets under construction

22,423,752.93

8,437

243,215,223.18

232,782

	

III. 	Financial assets

		

			 b) others
		

2.	Loans to companies in which investments are held

		

3.	Other loans

561,056.82

249

1,905,759.17

1,906

4,316,664.05

4,426

12,256.56

14

6,795,736.60

6,595

260,467,920.48

251,133

B.  Current assets
	

I. Stock
1,496,265.13

1,506

2.	Work in progress

831,398.03

1,486

		

3.	Finished products

595,041.73

465

		

4.	Advance payments made

		

1.	 Raw materials, consumables, and supplies

		

	

110,489.17

1,208

3,033,194.06

4,665

16,654,590.07

22,509

14,620.21

12

6,402,968.42

4,859

23,072,178.70

27,380

17,958,074.01

14,151

49,105,446.77

55,037

222,266.10

1,104

II. Receivables and other assets

		

1.	Claims from supplies and services

		

2.	Receivables from companies in which investments are held

		

3.	Other assets

	

III. Current asset securities

	

IV. Cash and bank balances

C.  Prepaid expenses
D.  Excess of plan assets over pension liability

31 Dec. 2011

a

1,000 a

	

I. Subscribed capital

46,020,000.00

46,020

	

II. Capital reserves

	

III. Revenue reserves

1,533,875.64

1,534

		

1.	Legal reserve

27,921,880.58

16,859

		

2.	Other revenue reserves

29,481,860.59

29,737

57,403,741.17

46,596

8,104,212.72

18,563

113,552,203.97

112,990

328,900.00

481

	

IV. Equity difference from currency conversion

	

V. Consolidated net retained profit

	

VI. Advance payments made and assets under construction

B.  Surplus from consolidation

19,650.40

470,724.04

66,420.98

16

261

66

C.  Special item with reserve portion
		

Special item for investment grants to fixed assets

D.  Provisions

1.	Investments

			 a) in associated companies

31 Dec. 2012

A.  Equity

A. Intangible assets

		

	

Equity and liabilities

5,042,000.00

307,314.73

310,102,948.08

8,841

379

307,653

		

1.	Provisions for pensions

6,060,223.00

4,922

		

2.	Tax provisions

2,532,895.46

1,144

		

3.	Other provisions

34,338,237.46

32,503

42,931,355.92

38,569

104,760,024.30

100,118

6,424,351.72

14,868

75.21

0

E.	 Liabilities
		

1.	Liabilities to banks

		

2.	Advance payments received

		

3.	Trade payables

		

4.	Liabilities to companies in which investments are held

		

5.	Other liabilities

F.	 Prepaid expenses
G.	 Deferred tax liabilities

78,607.93

1,118

25,751,239.11

24,962

137,014,298.27

141,066

13,519,402.24

13,727

2,690,366.70

310,102,948.08

754

307,653

61

62

Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated income statement 2012

1.	 Revenue
2.	Increase or decrease in inventories of finished goods
and work in progress	
3.	Other own work capitalized

31 Dec. 2012

31 Dec. 2011

a

1,000 a

149,777,836.47

132,337

-391,081.17

140

372,159.32

5,937

4,611,163.40

5,837

154,370,078.02

144,251

5.	Cost of materials

67,968,994.28

60,768

6.	Personnel expenses

33,428,700.23

30,710

10,640,731.43

10,894

23,361,190.02

24,131

135,399,615.96

126,503

22,500.00

26

10.	 Income from associated companies

142,000.00

117

11.	 Income from loans classified as fixed financial assets

365,109.45

417

-6,252,568.18

-6,669

350,626.32

102

-6,073,585.05

-6,212

12,896,877.01

11,537

0.00

-19

3,964,693.03

3,229

832,749.34

796

4,797,442.37

4,025

8,099,434.64

7,493

249,710.56

81

18,562,614.99

10,794

7,500,000.00

0

11,062,614.99

0

254,488.64

357

8,104,212.72

18,563

4.	Other operating income

7.	Amortization, depreciation, and write-downs of intangible assets
and property, plant, and equipment

8.	Other operating expenses
	
	
9.	 Income from equity investments

12.	 Interest result
13.	Write-downs of financial assets and marketable securities
classified as current assets

14.	 Result from ordinary activities
15.	Extraordinary income
16.	 Income taxes
17.	Other taxes

18.	 Consolidated net profit
19.	Profit attributable to minority interests
20.	Consolidated net retained profit
21.	 Distribution of dividends of the parent company
22.	 Addition to the legal reserve
23.	 Addition to other revenue reserves
24.	 Consolidated net retained profit

63

64

Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated statement of changes in fixed assets 2012
Acquisition or production costs

Accumulated amortization, depreciation, and write-downs

Net book values

1 Jan. 2012

Additions

Disposals

Reclassifications

31 Dec. 2012

1 Jan. 2012

Additions

Disposals

31 Dec. 2012

31 Dec. 2012 31 Dec. 2011

a

a

a

a

a

a

a

a

a

a

1,000 a

412,000.00

0.00

0.00

0.00

412,000.00

102,997.00

102,999.00

0.00

205,996.00

206,004.00

309

2,753,823.53

120,778.44

737.22

0.00

2,873,864.75

2,443,125.57

161,948.65

498.00

2,604,576.22

269,288.53

311

17,432,761.28

0.00

0.00

0.00

17,432,761.28

6,336,922.85

1,114,170.26

0.00

7,451,093.11

9,981,668.17

11,096

40,770.00

0.00

40,770.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

41

I. Intangible assets
1. S elf-made industrial property rights
and similar rights and values
2. Purchased industrial property rights and
similar rights and values, and licenses for
such rights and values
3. Goodwill
4. Advance payments made

20,639,354.81

120,778.44

41,507.22

0.00

20,718,626.03

8,883,045.42

1,379,117.91

498.00

10,261,665.33

10,456,960.70

11,756

236,482,295.28

5,403,807.69

1,008,928.30

0.00

240,877,174.67

67,009,595.15

5,987,106.63

0.00

72,996,701.78

167,880,472.89

169,473

	Land in the dock area (fixed value)

23,694,078.06

547.89

40,693.44

0.00

23,653,932.51

4,811,347.41

304,433.53

0.00

5,115,780.94

18,538,151.57

18,883

	 Road pavement

15,158,288.46

12,579.18

16,416.76

0.00

15,154,450.88

9,792,088.39

451,251.98

0.00

10,243,340.37

4,911,110.51

5,366

1,679,042.65

0.00

0.00

0.00

1,679,042.65

1,513,956.50

6,918.60

0.00

1,520,875.10

158,167.55

165

277,013,704.45

5,416,934.76

1,066,038.50

0.00

281,364,600.71

83,126,987.45

6,749,710.74

0.00

89,876,698.19

191,487,902.52

193,887

	Port equipment

30,223,423.64

28,037.74

187,364.72

0.00

30,064,096.66

16,723,858.78

1,185,820.65

21,833.00

17,887,846.43

12,176,250.23

13,500

	Port train facilities

20,872,654.60

188,961.70

239,524.84

620,990.00

21,443,081.46

5,996,274.88

773,543.75

0.00

6,769,818.63

14,673,262.83

14,876

II. Property, plant, and equipment
1. Land and buildings
	Land, business/administration/
residential buildings

	Train bridges, public road bridges,
and flood protection facilities
2. Technical equipment and machinery

51,096,078.24

216,999.44

426,889.56

620,990.00

51,507,178.12

22,720,133.66

1,959,364.40

21,833.00

24,657,665.06

26,849,513.06

28,376

3. Other equipment, operational and
business equipment

7,542,491.57

925,558.96

42,097.60

0.00

8,425,952.93

5,460,769.83

552,538.38

41,409.95

5,971,898.26

2,454,054.67

2,082

4. A
 dvance payments made and assets
under construction

8,437,692.29

18,674,936.11

4,067,885.47

-620,990.00

22,423,752.93

0.00

0.00

0.00

0.00

22,423,752.93

8,438

344,089,966.55

25,234,429.27

5,602,911.13

0.00

363,721,484.69 111,307,890.94

9,261,613.52

63,242.95

120,506,261.51

243,215,223.18

232,782

249,000.00

315,160.89

0.00

0.00

564,160.89

0.00

3,104.07

0.00

3,104.07

561,056.82

249

	 b) other

1,905,759.17

0.00

0.00

0.00

1,905,759.17

0.00

0.00

0.00

0.00

1,905,759.17

1,906

2. Loans to companies in which ­
investments are held

9,026,704.05

344,031.99

110,040.00

0.00

9,260,696.04

4,600,000.00

344,031.99

0.00

4,944,031.99

4,316,664.05

4,426

13,751.56

0.00

1,495.00

0.00

12,256.56

0.00

0.00

0.00

0.00

12,256.56

14

11,195,214.78

659,192.88

111,535.00

0.00

11,742,872.66

4,600,000.00

347,136.06

0.00

4,947,136.06

6,795,736.60

6,595

375,924,536.14 26,014,400.59

5,755,953.35

0.00

396,182,983.38 124,790,936.36

10,987,867.49

63,740.95

135,715,062.90

260,467,920.48

251,133

III. Financial assets
1. Investments
	 a) in associated companies

3. Other loans

65

66

Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Statement of changes in shareholders’ equity 2012
Parent company

31 Dec. 2009

Minority shareholders
Cumulative remain­
ing Group result

Cumulative remain­­ing Group result

Group equity

Cumulative remain­­ing Group result

Subscribed
capital
(common stock)

Capital
reserve

Earned Group
equity

Equity difference
from currency
conversion

Other neutral
transactions

Equity

Minority
capital

Other neutral
transactions

Equity

a

a

a

a

a

a

a

a

a

a

46,020,000.00 1,533,875.64

35,549,502.61

0.00

20,164,698.94

103,268,077.19

100,638.95

42,258.77

142,897.72

103,410,974.91

977.90

977.90

-65,127.22

0.00

-65,127.22

0.00

-64,149.32

-3,984,182.14

0.00

0.00

0.00

0.00
0.00

-3,984,128.14

-3,984,182.14

0.00

0.00

0.00

0.00

-3,983,204.24

-3,983,204.24

-65,127.22

0.00

-65,127.22

-4,048,331.46

Consolidated net profit

0.00

0.00

6,811,219.59

0.00

0.00

6,811,219.59

11,058.33

0.00

11,058.33

6,822,277.92

Overall Group result

0.00

0.00

6,811,219.59

0.00

0.00

6,811,219.59

11,058.33

0.00

11,058.33

6,822,277.92

46,020,000.00 1,533,875.64

42,360,722.20

16,181,494.70 106,096,092.54

46,570.06

42,258.77

88,828.83

106,184,921.37

Changes to consolidation basis
Other changes

31 Dec. 2010

0.00

0.00

Changes to consolidation basis

0.00

0.00

Other changes

0.00

0.00

0.00

0.00

16,312.43

0.00

0.00

0.00

0.00

Consolidated net profit

0.00

Overall Group result

0.00

31 Dec. 2011

0.00

91,069.82

0.00

10,392.49

26,704.92

0.00

91,069.82

117,774.74

0.00

-805,787.99

-805,787.99

0.00

0.00

0.00

-805,787.99

0.00

16,312.43

-795,395.50

-779,083.07

91,069.82

0.00

91,069.82

-688,013.25

0.00

7,411,780.67

0.00

0.00

7,411,780.67

81,114.83

0.00

81,114.83

7,492,895.50

0.00

7,411,780.67

0.00

0.00

7,411,780.67

81,114.83

0.00

81,114.83

7,492,895.50

46,020,000.00 1,533,875.64

49,772,502.87

16,312.43

15,386,099.20

112,728,790.14

218,754.71

42,258.77

261,013.48

112,989,803.62

0.00

0.00

0.00

0.00

0.00

0.00

-40,000.00

0.00

-40,000.00

0.00

-37,034.29

0.00

0.00

0.00
0.00

3,337.97

-372.26

2,965.71

0.00

0.00

0.00

3,337.97

-372.26

2,965.71

0.00

-40,000.00

-40,000.00

-37,034.29

Consolidated net profit

0.00

0.00

7,849,724.08

0.00

0.00

7,849,724.08

249,710.56

0.00

249,710.56

8,099,434.64

Dividend distribution

0.00

0.00

-7,500,000.00

0.00

0.00

-7,500,000.00

0.00

0.00

0.00

-7,500,000.00

Overall Group result

0.00

0.00

349,724.08

3,337.97

-372.26

352,689.79

249,710.56

-40,000.00

209,710.56

562,400.35

46,020,000.00 1,533,875.64

50,122,226.95

19,650.40

15,385,726.94

113,081,479.93

468,465.27

2,258.77

470,724.04

113,552,203.97

Changes to consolidation basis
Other changes

31 Dec. 2012

0.00

0.00

67

68

Annual report 2012

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated cash flow statement 2012
	
1. 	 Operating activities

Annual financial statements

2012

2011

2012

2011

1,000 a

1,000 a

1,000 a

1,000 a

8,099

7,943

	

-	Change in equity due to BilMoG conversion

0

0

10,988

10,894

	

+/-	Other changes in equity

-37

-621

3. 	 Cash flow from financing activities

	

+/-	 Group result

	

+	

	

+/-	 Increase/decrease in long-term provisions1

-478

-1,773

	

+	

Grants received – not affecting net income

586

337

	

+/-	 Increase/decrease in deferred tax liabilities

-208

514

	

+	

Grants received – affecting net income

364

123

	

Cash flow 1

18,401

17,128

	

-/+	 Increase/decrease of receivables from approved grants

1,738

9,268

	

-	

-7,500

0

26,568

2,000

-23,358

-15,429

-1,639

-4,322

2,826

-1,895

0

282

	Cash and cash equivalents at the beginning of the period

13,946

15,559

	Cash at the end of the period

17,958

14,151

13,946

Depreciation/amortization of fixed assets

Distribution of dividends to shareholders

-1,078

-1,414

	

+	Cash received from the issue of loans

-364

-151

	

-	Cash repayments of loans

-	Other non-cash income

-344

-531

	

Cash flow from financing activities

	

-/+ 	Increase/decrease in receivables and other assets

4,570

-7,427

	

+/-	 Increase/decrease in special item from ongoing business operations

-152

-254

4. 	 Cash and cash equivalents at the end of the period

	

+/-	 Increase/decrease of short-term provisions

4,840

-571

	Change in cash and cash equivalents

	

+/-	 Increase/decrease in liabilities

-6,307

5,442

		

	

Cash flow from operating activities

19,566

12,222

	

-	Profits from the disposal of fixed assets

	

-	

	

Grants recognized as income

	Changes in cash and cash equivalents due to
		

2. 	 Cash flow from investing activities
	

+	Cash received from the disposal of intangible assets

	

+	Cash received from the disposal of fixed assets

	

+	Cash received from the disposal of financial assets

	

-	

Investments in fixed assets

	 -	Cash paid for the purchase of consolidated companies and
		
other business units less acquired net cash

1

6,617

2,462

112

105

	

Short-term liabilities to banks at the end of the period

-1,186

-25,234

-15,214

	

Cash and cash equivalents at the end of the period

16,772

0

282

-	Cash paid for investments in intangible long-term assets

-121

-108

	

-	Cash paid for investments in financial assets

-315

-392

0

-5,044

3,799

8,113

-15,101

-9,795

	 +	Cash received in connection with short-term financial
		
management of cash investments
	

Cash flow from investing activities

changes in the basis of consolidation

41

	

	 -	Cash paid in connection with short-term financial
		
management of cash investments	

(subtotals 1–3)

1

	Before offsetting asset value for partial retirement.

-205

69

70

Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Balance sheet as of 31 December 2012
Assets

31 Dec. 2012

31 Dec. 2011

a

a

31 Dec. 2012

31 Dec. 2011

a

a

46,020,000.00

46,020,000.00

27,921,880.58

16,859,265.59

1,137,072.03

1,137,072.03

8,104,212.72

18,562,614.99

84,717,040.97

84,112,828.25

		 1.	Pension provisions

5,039,703.00

4,921,546.00

		 2.	Tax provisions

2,204,494.28

1,033,758.19

Equity and liabilities

A.  Fixed assets

A.  Equity

	 I. 	 Intangible assets

	 I. 	 Subscribed capital

		 1.	Purchased industrial property rights and similar rights and
values, and licenses for such rights and values

153,065.31

158,150.65

0.00

26,190.00

153,065.31

184,340.65

		 1.	Land and buildings

67,046,262.42

65,457,163.71

		 2.	Technical equipment and machinery

10,092,872.86

10,831,278.05

714,898.81

465,031.97

78,491.89

221,874.59

77,932,525.98

76,975,348.32

		 1.	 Investments in affiliated companies	

42,180,646.89

42,040,646.89

		 2.	Loans to affiliated companies

82,055,912.18

61,705,950.76

		 3.	 Investments

2,674,760.39

2,501,599.50

		 4.	Loans to companies in which investments are held

4,259,664.05

4,324,704.05

12,256.56

13,751.66

131,183,240.07

110,586,652.86

209,268,831.36

187,746,341.83

12,970.28

10,084.28

405,509.31

296,325.69

8,944,949.09

14,712,871.84

14,620.21

11,962.49

3,890,98.71

605,442.91

13,255,177.32

15,626,602.93

14,287,160.63

12,972,558.69

32,597,308.23

37,450,545.90

0.00

582,164.10

		 2.	Advance payments made
	 II. 	 Property, plant, and equipment

		 3.	Other equipment, operating and business equipment
		 4.	 Advance payments made and assets under construction
	 III. 	 Financial assets

		 5.	Other loans

B.  Current assets
	 I. 	 Inventories
	 II. 	 Receivables and other assets
		 1.	Trade receivables
		 2.	 Receivables from affiliated companies
		 3.	Receivables from companies in which­investments are held
		 4.	Other assets
	 III. 	 Current asset security
	 IV. 	 Cash and bank balances
C.  Prepaid expenses
D.  Excess of plan assets over pension liability

5,042,000.00

80,925.37

241,947,064.96

	 II. 	 Capital reserve

1,533,875.64

1,533,875.64

	 III. 	 Revenue reserves
		 1.	Legal reserve
		 2.	Other revenue reserves
	 IV. 	 Net retained profit
B.  Special item with reserve portion pursuant to Section 6b EStG

19,500,972.60

19,709,043.18

C.  Provisions

		 3.	Other provisions

16,946,027.10

15,665,154.80

24,190,224.38

21,620,458.99

84,597,042.85

69,694,589.05

4,891,328.97

5,747,261.82

75.21

0.00

22,798,278.55

22,923,373.05

112,977,399.61

99,652,653.51

241,947,064.96

225,793,554.89

D.  Liabilities
		 1.	Liabilities towards banks

		 2.	Trade payables

		 3.	Liabilities toward affiliated companies
		 4.	Liabilities to companies in which investments are held
		 5.	Other liabilities

690,674.03

1,287,429.59

			 thereof for taxes 535,251.45 euros (previous year: 596,000 euros)

			 thereof for social security 4,844.46 euros (previous year: 50,000 euros)
E.  Prepaid expenses

561,427.40

698,570.96

8,841,300.00

14,503.06

225,793,554.89

71

72

Annual report 2012

Duisburger Hafen Aktiengesellschaft, Duisburg – Income statement 2012
	
1. 	 Revenue
2.	Other operating income

3.	Cost of materials
4.	Personnel expenses

5. 	 Amortization, depreciation, and write-downs of intangible assets
	 and property, plant, and equipment
6.	Other operating expenses

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Participations as of 31 December 2012
31 Dec. 2012

31 Dec. 2011

a

a

27,462,426.21

26,222,345.11

6,673,946.17

9,862,614.38

34,136,372.38

36,084,959.49

567,118.53

449,705.52

12,378,773.13

11,164,442.45

3,242,455.56

5,296,100.76

11,312,408.58

10,949,602.37

27,500,755.80

27,859,851.10

7. 	 Income from equity investments

6,459,397.84

3,818,937.89

8.	 Interest result

-327,201.72

-519,104.72

347,522.25

101,527.65

5,784,673.87
12,420,290.45

9.	 Write-downs of financial assets and long-term investments

10.	 Result from ordinary business activities
11.	 Income taxes

1. 	 Consolidation basis
Consolidation
status1

	

Name and registered office of company

	

Duisburger Hafen Aktiengesellschaft, Duisburg

Share in
Equity
capital
% in 1,000 f

V

100

21,767

V

100

260

V

100

172

V

100

100

V

100

782

	LOGPORT Logistic-Center Duisburg GmbH, Duisburg

V

100

115

	

V

66

21

V

100

13,525

V

100

4,595

	
	
	
	

Hafen Duisburg-Rheinhausen GmbH, Duisburg2, 3
duisport agency GmbH, Duisburg

2, 3

dfl duisport facility logistics GmbH, Duisburg
duisport rail GmbH, Duisburg

2, 3

2, 3

dpl Süd GmbH, Duisburg

	

Hafen Duisburg-Amsterdam Beteiligungsgesellschaft mbH, Duisburg
	
	

duisport packing logistics GmbH, Duisburg
dpl Chemnitz GmbH, Chemnitz

2, 3

2, 3

	

dpl International N.V., Antwerp, Belgium

V

100

125

	

duisport industrial packing service (Shanghai) Co., Ltd., Shanghai, China

V

100

-117

3,198,305.52

	

Grundstücksgesellschaft Südhafen mbH, Duisburg

V

100

557

	

duisport consult GmbH, Duisburg

V

100

513

11,423,413.91

	

Heavylift Terminal Duisburg GmbH, Duisburg

V

51

352

	

logport ruhr GmbH, Duisburg

Q

50

373

V

50

237

Q

50

98

V

50

329

V

50

16

	Tarlog GmbH, Castrop-Rauxel

4, 5

3,842,451.49

3,251,321.87

473,626.24

403,436.54

4,316,077.73

3,654,758.41

13. 	Net income

8,104,212.72

7,768,655.50

14.	Profit carried forward

18,562,614.99

10,793,959.49

11,062,614.99

0.00

	

Name and registered office of company

	

DIT Duisburg Intermodal Terminal GmbH, Duisburg

E

24

1,720

8,104,212.72

18,562,614.99

	

Duisburg Trimodal Terminal GmbH, Duisburg

N

20

743

E

29

225

12.	Other taxes

15. 	Distribution of dividends to shareholders
16. 	Addition to the legal reserve
17.	 Net retained profit

7,500,000.00

0.00

	

DuisPortAlliance GmbH, Duisburg
	Umschlag Terminal Marl GmbH & Co. KG, Marl

4

	Umschlag Terminal Marl Verwaltungs GmbH, Marl

4

2.	 Associated companies

	Emballages Industriels Logistique Service SAS,
	 Illkirch-Graffenstaden, France

Consolidation
status6

Share in
Equity
capital
% in 1,000 f

3.	 Other investments
	

Name and registered office of company

	

Antwerp Gateway N.V., Antwerp, Belgium

1	

The companies marked with V are included in the consolidated financial statements in line with full consolidation.
	Companies marked with Q are included in the consolidated financial statements on a proportional basis.
2
	Control and profit/loss transfer agreement.
3
	The company utilizes the exemption provision of Sect. 264, Subsect. 3 HGB.
4
	Controlling influence exercised pursuant to Sect. 290, Subsect. 2 HGB.
5
	Figures taken from provisional, unaudited annual financial statements.
6
	The companies marked with E are included in the consolidated financial statements at equity.
	Participations marked with N were entered at acquisition costs pursuant to Sect. 311 Subsect. 2 HGB due to their minor importance.

Share in
Equity
capital
% in 1,000 f
7.5

-50,250

73

74

Annual report 2012

Annual financial statements

Duisburger Hafen Aktiengesellschaft, Duisburg – Statement of changes in fixed assets 2012
Acquisition or production costs

Accumulated amortization, depreciation, and write-downs

Net book values

1 Jan. 2012

Additions

Disposals

Reclassifications

31 Dec. 2012

1 Jan. 2012

Additions

Disposals

31 Dec. 2012

31 Dec. 2012 31 Dec. 2011

a

a

a

a

a

a

a

a

a

a

1,000 a

1,820,599.62

97,251.93

0.00

0.00

1,917,851.55

1,662,448.97

102,337.27

0.00

1,764,786.24

153,065.31

158

26,190.00

0.00

26,190.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

26

1,846,789.62

97,251.93

26,190.00

0.00

1,917,851.55

1,662,448.97

102,337.27

0.00

1,764,786.24

153,065.31

184

101,368,632.86

3,566,096.04

5,734.44

206,489.20

105,135,483.66

52,653,573.82

1,924,967.85

0.00

54,578,541.67

50,556,941.99

48,715

I. Intangible assets
1.	Purchased industrial property rights and
similar rights and values, and licenses for
such rights and values
2. 	Advance payments made
II. Property, plant, and equipment
1. Land and buildings
	Land, business/administration/
residential buildings

11,015,700.58

0.00

0.00

0.00

0.00

16,838,816.15
11,015,700.58

8,232,458.39

249,352.64

0.00

8,481,811.03

2,921,166.59

13,917,649.56

13,918

1,536,878.42

0.00

0.00

0.00

1,536,878.42

1,495,665.50

3,431.60

0.00

1,499,097.10

37,781.32

41

19,138,989.06

12,960.47

0.00

0.00

19,151,949.53

12,489,976.17

672,874.67

0.00

13,162,850.84

5,989,098.69

6,649

	Port train facilities

7,274,719.08

87,700.00

0.00

0.00

7,362,419.08

3,092,453.92

166,190.99

0.00

3,258,644.91

4,103,774.17

4,182

3.	Other equipment, operational and
business equipment

4,174,798.53

373,167.38

0.00

0.00

4,547,965.91

3,709,766.56

123,300.54

0.00

3,833,067.10

714,898.81

465

221,874.59

63,106.50

0.00

-206,489.20

78,491.89

0.00

0.00

0.00

0.00

78,491.89

222

161,570,409.27

4,103,030.39

5,734.44

0.00

165,667,705.22

84,595,060.95

3,140,118.29

0.00

87,735,179.24

77,932,525.98

76,975

1.	Investments in affiliated companies

42,040,646.89

140,000.00

0.00

0.00

42,180,646.89

0.00

0.00

0.00

0.00

42,180,646.89

42,041

2.	Loans to affiliated companies

61,705,950.76

20,349,961.42

0.00

0.00

82,055,912.18

0.00

0.00

0.00

0.00

82,055,912.18

61,706

3.	Investments

2,501,599.50

173,160.89

0.00

0.00

2,674,760.39

0.00

0.00

0.00

0.00

2,674,760.39

2,501

4.	Loans to companies in which holdings are held

8,924,704.05

344,031.99

65,040.00

0.00

9,203,696.04

4,600,000.00

344,031.99

0.00

4,944,031.99

4,259,664.05

4,325

13,751.66

0.00

1,495.10

0.00

12,256.56

0.00

0.00

0.00

0.00

12,256.56

14

	Land in the dock area (fixed value)
	 Road pavement
	Train bridges, public road bridges,
flood protection facilities

16,838,816.15

0.00

0.00

2,921,166.59

0.00

0.00

2,533,889.55

2,783

2.	Technical equipment and machinery
	Port equipment

4.	Advance payments made and assets
under construction
III. Financial assets

5.	Other loans

115,186,652.86 21,007,154.30

66,535.10

0.00

136,127,272.06

4,600,000.00

344,031.99

0.00

278,603,851.75 25,207,436.62

98,459.54

0.00

303,712,828.83

90,857,509.92

3,586,487.55

0.00

4,944,031.99

131,183,240,07

110,587

94,443,997.47 209,268,831,36

187,746

75

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Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

Duisburger Hafen Aktiengesellschaft, Duisburg –
2012 Notes
Pursuant to Section 290 of the German Commercial Code (HGB – Handelsgesetzbuch), together
with its subsidiaries Duisburger Hafen AG has
drawn up consolidated financial statements and a
consolidated management report for 31 December
2012. The consolidated financial statements have
been drawn up in accordance with the accounting
regulations laid down in the HGB.

The consolidated and annual financial statements
have been drawn up in accordance with the HGB in
the version as amended by the German Accounting Law Modernization Act (BilMoG – Bilanzrechtsmodernisierungsgesetz) dated 25 May 2009.

As the parent company, Duisburger Hafen AG has
exercised its right pursuant to Section 298, Paragraph 3 HGB to combine the notes on its individual
financial statements with the notes on the consolidated financial statements.

As of 31 December 2012, the consolidated financial
statements included Duisburger Hafen AG plus
a total of 17 (2011: fully consolidated subsidiaries
and two proportionately consolidated subsidiaries
(2011: two).

To improve clarity, various individual items have
been combined in the income statement and balance sheet. These items are shown separately in
the Notes.

The income statement has been drawn up according to the total cost method.

I. Consolidation basis
Capital
%

Equity
in 1,000 f

Hafen Duisburg-Rheinhausen GmbH, Duisburg (HDR)

100

21,767

duisport agency GmbH, Duisburg (dpa)

100

260

dfl duisport facility logistics GmbH, Duisburg (dfl)

100

172

duisport rail GmbH, Duisburg (dpr)

100

100

duisport packing logistics GmbH, Duisburg (dpl GmbH)

100

13,525

dpl Chemnitz GmbH, Chemnitz (dpl Chemnitz)

100

4,595

dpl International N.V., Antwerp/Belgium (dpl International)

100

125

dpl Süd GmbH, Duisburg (dpl Süd)

100

782

duisport industrial packing service (Shanghai) Co. Ltd., Shanghai/China (dpl Shanghai)

100

-117

LOGPORT Logistic-Center Duisburg GmbH, Duisburg (LOGPORT)

100

115

Grundstücksgesellschaft Südhafen mbH, Duisburg (Südhafen)

100

557

duisport consult GmbH, Duisburg (dpc)

100

513

Hafen Duisburg-Amsterdam Beteiligungsgesellschaft mbH, Duisburg (HDA)

66

21

Heavylift Terminal Duisburg GmbH, Duisburg (HTD)

51

352

50

329

50

16

50

2372

logport ruhr GmbH, Duisburg (lpr)

50

372

DuisPortAlliance GmbH, Duisburg (DP Alliance)

50

98

DIT Duisburg Intermodal Terminal GmbH, Duisburg (DIT) 2

24

1,720

E.I.L.S. Emballages Industriels Logistique Service SAS,
Illkirch-Graffenstaden/France (EILS)

29

225

Company
Fully consolidated companies

Umschlag Terminal Marl GmbH & Co. KG, Marl (UTM GmbH & Co. KG)
Umschlag Terminal Marl Verwaltungs-GmbH, Marl	(UTM Verw.)
Tarlog GmbH, Castrop-Rauxel (Tarlog) 1

1

1

Companies included on a proportionate basis

Companies included at equity

1
2

	Controlling influence exercised pursuant to Sect. 290, Subsect. 2 HGB.
	Figures taken from provisional, unaudited annual financial statements.	

77

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Annual report 2012

Pursuant to Section 285, No. 11, HGB and Section 313, Paragraph 2, HGB, a list of all the Group’s
holdings is given in Annex C of the Notes and is
published in the electronic version of the Federal
Gazette (Bundesanzeiger).
In 2012, duisport acquired 29% of the shares in
E.I.L.S. Emballages Industriels Logistique Service
SAS, Illkirch-Graffenstaden, France. The company
is included at equity in the consolidated financial
statements. In terms of Section 312, Paragraph
1 HGB, the difference between the book value
of participation and the pro rata equity capital
amounts to 108,000 euros.
Via HDA, Duisburger Hafen AG has a 20% indirect
holding in Masslog GmbH, Duisburg. In addition,
Duisburger Hafen AG has a 7.5% share in Antwerp
Gateway N.V., Antwerp, Belgium (Antwerp Gateway). Duisburger Hafen AG does not exercise any
significant influence over these minority holdings.
Pursuant to Section 312 HGB, one German company on whose financial and business policies duisport could exercise a significant influence, given
that it holds between 20% and 50% of the voting
rights, was not included in the consolidated financial statements due to its minimal importance.
Since 20 December 2012 the Hafen DuisburgRheinhausen GmbH holds 99.9% of the shares of
MOLANKA Vermietungsgesellschaft mbH & Co.
Objekt Duisport KG, Düsseldorf. This is a property
company, which is not included in the consolidated
financial statements of duisport, because neither
the conditions of Section 290, Paragraph 1 HGB
in conjunction with Paragraph 2, sentences 1 to 3
HGB nor with Sentence 4 HGB apply.

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

II. Consolidation principles
The capital consolidation of subsidiaries and purchased capital shares initially consolidated prior to
1 January 2010 has been done on the basis of the
book value method, applying the valuations made
at the time of the initial inclusion of the subsidiary
in the consolidated financial statements. Pursuant
to Section 309, Paragraph 1, Sentence 3 HGB (old
version), any positive goodwill was offset against
retained earnings.
The capital consolidation for companies and purchased capital shares initially consolidated after 1
January 2010 took place on the date of acquisition
on the basis of the revaluation method, and to the
greatest extent possible, amounts to be capitalized
were assigned to the applicable asset item, while
any remaining difference was capitalized as goodwill and amortized over its expected useful life.
The same principles are applied when consolidating joint ventures.
The positive goodwill from the initial consolidation of UTM GmbH & Co. KG in 2010, amounting
to 33,000 euros, is being amortized over a period
of five years.
Negative goodwill from the capital consolidation
is recognized separately in equity. For dpl Süd, this
arose due to the acquisition of an additional 40%
share of the capital in 2007 by a former minority
shareholder (60,000 euros). The 68,000 euros in
negative goodwill recognized in equity in 2008
after the acquisition of dpl International was offset in 2009 against the purchase price payment of
63,000 euros, leaving remaining negative goodwill of 5,000 euros. The negative equity from the
initial consolidation of UTM Verwaltungs GmbH
amounts to 1,000 euros.

Revenues, expenses, and income as well as existing
receivables and payables between consolidated
subsidiaries were eliminated in the consolidated
financial statements. Interim results from intraGroup trade receivables did not materialize (2011:
159,000 euros).
Pursuant to Section 6b of the German Income Tax
Act (EStG – Einkommensteuergesetz), the special
tax item with reserve portion as well as the taxrelated special write-down pursuant to Section 6b
EStG were eliminated in the consolidated financial
statements.
Deferred tax liabilities were formed in relation
to consolidation entries leading to differences
between the accounting valuations of assets,
debts, and accruals/deferrals as well as their valuations for tax purposes. These were calculated on
the basis of a consolidated tax rate of 33%.
A corresponding balancing item for other shareholders was formed with respect to shares in the
net assets and net results of the consolidated subsidiaries HDA, HTD, UTM GmbH & Co. KG, UTM
Verw., and Tarlog, which are not imputable to the
parent company or another consolidated company. This item is included among the consolidation measures affecting net income as a matter of
principle.
The net retained earnings shown in the consolidated financial statements is identical to those in
the parent company’s individual annual financial
statements. To this end, the subsidiaries’ balance
sheet results and other consolidation measures
were offset against the Group’s retained earnings,
a process yielding a 2012 reduction in consolidated
other reserves totaling 254,000 euros.

III. Accounting and valuation methods
The financial statements to be consolidated,
namely those of the parent company Duisburger
Hafen AG and the various consolidated subsidiaries, are drawn up according to uniform accounting
and valuation rules. During the annual audit, the
individual annual financial statements of the fully
consolidated domestic companies were audited,
with the exception of the minor companies LOGPORT and DP Alliance, and received unqualified
audit opinions.
Intangible assets and property, plant, and equipment are valued at their costs of acquisition or
production costs less scheduled write-down and
amortization and impairment losses. Investment
grants received are taken into account by reducing
the acquisition or production costs of the asset in
question by the amount of the grant.
Self-made intangible fixed assets are shown at
their production costs pursuant to Section 255, Paragraph 2, Sentences 1 and 2, and Paragraph 2a HGB
and subjected to scheduled straight-line amortization over their expected useful lives or to impairments in the event of loss of value that is expected
to be permanent.
The goodwill resulting from the acquisition of
a business through an asset deal is subjected
to scheduled straight-line amortization over a
period of 15 years on the basis of an assessment
of the likely duration of the business relationships
entered into. The goodwill from the initial consolidation of the UTM companies is being amortized
over a five-year period. Other intangible assets are
also amortized over a five-year period.
Scheduled amortization is carried out on a
straight-line basis over the expected useful lives

79

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Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

of the assets in question. In addition, pursuant to
Section 6b EStG, reclassifications were made in the
individual financial statements for previous years
which, in so far as they relate to land, are shown
as liabilities in the special item with the reserve
portion and are reduced on the asset side in the
case of buildings. Pursuant to Section 6b EStG, the
special item with the reserve portion and the tax
write-downs are eliminated in the consolidated
financial statements.

These funds are ring-fenced against other creditors’ claims. The funds are valued at their attributable current values and these are then offset
against the value of the underlying obligations. If
the obligations prove to exceed the value of the
funds, this will be covered by the provisions. Conversely, if the value of the securities exceeds these
obligations, this will be shown as a balance sheet
asset item under the heading excess of plan assets
over pension liabilities.

Low-value assets with a net individual value of
150 euros or less are recorded as expenses in their
year of acquisition. An annual asset item is formed
for assets with a net individual value between 150
euros and 1,000 euros, which is then subjected to
straight-line write-down over a period of five years.

Raw materials, auxiliary materials, and consumables are valued at average acquisition or production costs, duly observing the lower-value principle. Finished goods and works in progress relate
to commenced orders in the spheres of packaging
services and project management. Pursuant to Section 255, Paragraph 2 HGB, they are carried at their
production costs. The production costs include
individual costs plus reasonable proportions of the
material and production overheads and also of the
write-down of fixed assets where this is caused by
the production process.

The size and value of the dock and its bank reinforcements and also of the port railway superstructure, as well as the associated dock buildings
and facilities on the right bank of the Rhine, are
subject to minimal change and are therefore carried at fixed values.
Interest-bearing loans are shown at their nominal
values less individual value adjustments. The loans
to affiliated companies include loans with a term
of over five years.
The other financial assets are valued at their costs
of acquisition, duly observing the lower value principle in the case of continuing write-down. Furthermore, the company is exercising its right of
choice pursuant to Section 253, Paragraph 3, Sentence 4 HGB by applying unplanned write-downs,
even in the case of write-downs not expected to
be continuous.
In order to meet our obligations to protect assets
covering part-time retirement claims, corresponding amounts have been allocated to special funds.

Receivables, other assets, cash, and cash equivalents are carried at their nominal values. All discernible individual risks in relation to these items,
as well as the general credit risk as assessed empirically on the basis of past experience are accounted
for through suitable write-downs.
Current asset securities were valued at either their
costs of acquisition or lower values as determined
by stock exchange or market prices.
Prepaid expenses include expenses incurred
before the closing date in so far as they represent
expenditure relating to a specific date/period after
that date. Additionally, differences between repayment amounts and available amounts (discount)
are treated as accrued items and released over the
term of the loan.

Pursuant to Section 253, Paragraph 2, Sentence 2
HGB, provisions for pension obligations and comparable obligations with long-term maturities are
discounted to present-day value at the average
market interest rate for the past seven years as
determined by the Deutsche Bundesbank, given an
assumed residual term of 15 years.
The pension obligations were calculated according to the projected unit credit method, applying
actuarial principles and an interest rate of 5.13%
per annum on the basis of Professor Klaus Heubeck’s 2005 G mortality tables. Anticipated salary
increases of 2.5% and pension increases of 2.0%
per annum were taken into account.
The part-time retirement provision was calculated according to actuarial principles, applying an
assumed interest rate of 5.13% over the part-time
retirement term. The provision also covers the obligation to pay additional amounts in this respect.

Prepaid expenses include expenses incurred
before the closing date in so far as they represent
expenditure relating to a specific date/period after
that date.
Deferred taxes are calculated in respect of temporary differences between the accounting and tax
valuations of assets, debts, and accruals/deferrals.
This includes not only the differences arising from
Duisburger Hafen AG’s own balance sheet items
but also those of the Group subsidiaries and partnerships in which Duisburger Hafen AG has participations. In addition to these temporary accounting
differences, tax-loss carryovers are also taken into
account. Thereby differences arising from consolidation activities in accordance with sections 300
to 307 HGB but not differences relating to the initial recognition of positive or negative goodwill
arising from the capital consolidation are taken
into account.

The tax provisions and remaining other provisions are set up to cover the probable settlement
amount in our reasonable commercial judgment
and taking into account anticipated losses from
impending business transactions. In evaluating
this settlement amount, rising costs are taken into
account. The other provisions with a term of over
one year are discounted to present-day value at the
interest rates suitable for their term as published
by the Deutsche Bundesbank. In exercising our
right of choice as laid down in Article 67, Paragraph
3 of the Introductory Act to the German Commercial Code (EGHGB – Einführungsgesetz zum Handelsgesetzbuch), pursuant to Section 249, Paragraph 2 HGB in the version in force until 28 May
2008, as of 31 December 2011 provisions totaling
9,287 euros were retained (expense provisions).

The deferred taxes were calculated on the basis of
a consolidated income tax rate of currently 33%
for the Duisburger Hafen AG Group of companies.
This combined rate for taxes on income covers corporation tax, business tax, and the solidarity surcharge. However, contrary to the above provision,
deferred taxes in relation to temporary accounting differences regarding participating interests in
partnerships are calculated on the basis of a combined rate for taxes on income that only comprises
corporation tax and the solidarity surcharge, and
this currently amounts to about 16%. The resultant
total tax burden is carried on the balance sheet as a
deferred tax liability. In exercising the existing valuation option in this respect, any tax relief accruing
due to differences between the respective annual
financial statements of the consolidated companies will not be carried as an asset item.

All liabilities are shown at their settlement
amounts.

Derivative financial instruments are employed
exclusively in order to reduce risk. They are used

81

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Annual report 2012

strictly in line with the corresponding Group code
of practice. They are valued individually at their
market values on the closing date. If the relevant
requirements are met, the hedging transaction and
the underlying transaction are combined to form
a single valuation unit, the hedge. In cases where
neither the “net hedge presentation method,” in
which the countervailing changes in value resulting from hedging the risk are not shown on the
balance sheet, nor the “gross hedge presentation
method,” whereby the countervailing changes in
value of both the underlying transaction and the
hedging instrument resulting from hedging the
risk are shown on the balance sheet, could be used,
we have elected to use the net hedge presentation
method. The recorded countervailing positive and
negative changes have no impact on the income
statement.

IV. Currency conversion

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

V. Notes on the financial statements

2a. Claims and other assets – Group

1. Fixed assets

1,000 f

Movements in the Group’s and parent company’s
fixed assets are shown in their respective statements of changes in fixed assets. The Group’s
consolidated statement of changes in fixed assets
forms Annex A of the Notes and the parent company’s statement of changes in fixed assets forms
Annex B thereof.

Supplies and services

Development costs for self-made intangible assets
amounting to 206,000 euros have been shown as
of the effective date (2011: 309,000 euros).

31 Dec. 2011

Remaining
term over
1 year

16,654

0

22,509

0

15

0

12

0

Participation

6,403

0

4,859

0

23,072

0

27,380

0

31 Dec. 2012

Remaining
term over
1 year

31 Dec. 2011

Remaining
term over
1 year

Supplies and services

405

0

296

0

Affiliated companies

8,945

0

14,713

0

15

0

12

0
0

Other assets
Total

2b. Claims and other assets – AG

1,000 f

Participation
Other assets

With the exception of the equity capital (subscribed capital, reserves, profit/loss carryovers at
historic rates), asset and liability items in annual
financial statements drawn up in foreign currencies are converted into euros at the mean-spot
exchange rate on the closing date for those statements. Income statement items are converted into
euros at the average exchange rate. Any resultant
conversion difference is shown in the statement
of Group equity table after the reserves under the
item “Equity difference from currency conversion.”

31 Dec. 2012

Remaining
term over
1 year

Total

3,890

0

605

13,255

0

15,626

There are no restrictions of title or control with
respect to the receivables shown above. Specific
value adjustments amounting to 300,000 euros
(2011: 345,000 euros) have been taken into account.
A total of 9,794,000 euros of receivables from affiliated companies exists from cash-pooling arrangements with various subsidiaries and -849,000
euros from the company’s trading transactions.
These amounts were partially offset against liabilities within the framework of balance settlement.

0

3. Current asset securities – Group and AG
The current assets securities totaling 5,042,000
euros comprise fixed-interest borrower’s note
loans.

4. Prepaid expenses – Group
The Group’s prepaid expenses include discounts
on loans taken out between 2000 and 2007 by
Hafen Duisburg-Rheinhausen GmbH amounting
to 182,000 euros (2011: 298,000 euros).

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Annual report 2012

5. Deferred taxes pursuant to Section 274 HGB –
Group and AG
For Duisburger Hafen AG, deferred tax assets
result from differences between the accounting
valuations of financial assets, pension provisions,
and other provisions and their valuations for tax
purposes. These are determined in principle by
applying a tax rate of 33%. However, in exercising
its option under Section 274 HGB, duisport has not
capitalized any deferred tax assets.
The application of Section 274 HGB leads to
deferred tax assets being carried in the consolidated financial statements that result from differences between the Group’s accounting and
tax valuations of property, plant and equipment,
financial assets, pension provisions, and other provisions and to deferred tax liabilities from the recognition of self-made intangible assets by a subsidiary. These deferred taxes are also calculated on
the basis of a 33% tax rate.
1,000 f

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

In exercising the existing valuation option in this
respect, any tax relief accruing due to differences
between the respective annual financial statements of the consolidated companies will not be
carried as an asset item.

In 2012, Duisburger Hafen AG has paid out dividends to shareholders for the financial years 2009,
2010, and 2011, which amounted to 7,500,000 euros.

The subscribed capital of 46,020,000 euros and
the Group’s capital reserve of 1,534,000 euros correspond with items on the parent company’s balance sheet.

This excess amount results from netting out, pursuant to Section 298, Paragraph 1 in conjunction
with Section 246, Paragraph 2, Sentence 2 HGB, as
well as pension liabilities and assets that serve the
sole purpose of covering those liabilities and that
have been ring-fenced against all other creditors’
claims. The assets in question are negotiable securities.

The consolidated retained earnings comprise the
retained earnings of both the parent company and
the affiliated companies included in the Group as
well as their net retained earnings. The equity also
includes amounts yielded by offsetting other consolidation activities.

Details of the offsetting pursuant to Section 298,
Paragraph 1 in conjunction with Section 246, Paragraph 2, Sentence 2 HGB:

Description

AG

Amount repayable of offset debt

1,579

1,200

Acquisition costs of asset items

1,464

1,106

1,579

1,200

The Group’s net retained earnings correspond with
those of the parent company.

7. Equity and liabilities – Group and AG

6. Excess of plan assets over
pension liabilities – Group and AG

Group

Attributable current value for asset items

The associated expenses and income, the total of
which is of minor importance, have also been offset.

Portions of the otherwise freely available equity
capital shown in duisport’s individual annual financial statements are subject to the dividend distribution restriction laid down in Section 268, Paragraph 8 HGB. Since the option of capitalizing the
deferred tax asset was not exercised, the amounts
subject to this restriction are carried as assets
without including the deferred taxes.

1,000 f

Positive balance from the attributable current value of the assets to be offset pursuant to
Section 246, Paragraph 2, Sentence 2 HGB less the original costs of acquisition

94

Amount blocked for dividend distribution restriction pursuant to Section 268, Paragraph 8 HGB

94

8. Special item with reserve portion – Group and AG
Group
31 Dec. 2012

Group
31 Dec. 2011

AG
31 Dec. 2012

AG
31 Dec. 2011

Non-taxed reserve pursuant
to Section 6b Paragraph 3 EStG

0

0

0

208

Tax-related value adjustments
in terms of Section 6b, Paragraph 1 EStG

0

0

19,501

19,501

Special item for investment
grants to fixed assets

329

481

0

0

Total

329

481

19,501

19,709

1,000 f

85

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Annual report 2012

In its individual annual financial statements, the
company exercised the option of retaining the
special tax item with the reserve portion pursuant to Article 67, Paragraph 3, Sentence 1 EGHGB.
These special items are carried as liabilities on the
Duisburger Hafen AG balance sheet. In the consolidated financial statements, these special items are
eliminated. The special item for fixed asset investment grants was formed in 2010 by dpl GmbH.

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

11. Liabilities – Group and AG

The tax provisions mainly relate to corporation tax
and trade tax for the 2012 financial year.

As of the closing date, the Group’s liabilities to
banks amounted to 104.7 million euros. 6.7 million euros of this is secured through the registration of corresponding land charges against Hafen
Duisburg-Rheinhausen GmbH’s real estate. Further security was furnished by Duisburger Hafen
AG in the form of equal treatment undertakings
and negative pledges, and Hafen Duisburg-Rheinhausen GmbH’s loss compensation claims from the
intercompany agreement with Duisburger Hafen
AG were also assigned. Besides this, undertakings
were also given that the Group would maintain
specific balance sheet ratios.

Besides this, the provisions contain the results of
the tax audit for the years 2007 to 2010 of Duisburger Hafen AG and the companies consolidated
in a fiscal unity for tax purposes as well as some
additional Group companies concluded in the year
under review. For the Duisburger Hafen AG, the
provision, including the follow-on effects for 2012,
amounts to 764,000 euros, and in the consolidated
financial statements it amounts to 796,000 euros.

The other liabilities mainly comprise three loans
amounting to 21,889,000 euros made by nonbanks
as well as the associated deferred interest liability
of 154,000 euros. As security for the loans, equal
treatment undertakings and negative pledges
were made as well as undertakings to maintain
specific balance sheet ratios. The principal social
security liabilities comprise amounts yet to be
remitted to social insurance institutions.

9. Tax provisions – Group and AG

10. Other provisions – Group and AG
Other provisions mainly concern uncertain liabilities toward third parties and neglected maintenance work. Provisions for personnel expenses
relate to such items as part-time retirement, profitrelated bonuses, allowances, obligations for leave
not taken, anniversary gratuities, and similar commitments. The provision for part-time retirement
obligations has been formed exclusively for the
parent company’s own employees and personnel currently employed by subsidiaries. The other
provisions cover a wide variety of discernible individual risks.

A total of 6,275,000 euros of liabilities from affiliated companies exists from cash pooling arrangements with various subsidiaries and 1,384,000
euros from the company’s trading transactions.
These amounts were partially offset against receivables within the framework of balance settlement.

11a. Liabilities – Group
31 Dec.
2012

Residual
period less
than 1 year

Remaining
term over
5 years

31 Dec.
2011

Residual
period less
than 1 year

Remaining
term over
5 years

Credit institutions

104,760

6,418

47,774

100,118

37,948

39,021

Advances received

79

79

0

1,118

1,118

0

1,000 f

6,424

6,424
0

0

0

14,868

13,287
0

0

25,751

3,862

0

24,962

2,601

5,000

(347)

(347)
(16)

(0)

(0)

(520)

(520)

(60)

(0)

137,014

16,783

47,774

141,066

54,954

44,021

1,000 f

31 Dec.
2012

Residual
period less
than 1 year

Remaining
term over
5 years

31 Dec.
2011

Residual
period less
than 1 year

Remaining
term over
5 years

Credit institutions

84,597

3,395

38,367

69,695

30,688

27,551

4,891

4,891

0

5,747

5,747

0

22,798

909

0

22,923

1,034

5,000

(11)

(11)

(0)

(209)

(209)

(0)

112,977

9,886

38,367

99,652

38,756

32,551

Supplies/services
Participation
Other liabilities
(thereof for taxes)
(thereof for social security)
Total

0

(16)

0

(60)

0

(0)

11b. Liabilities – AG

Supplies/services
Affiliated companies
Other liabilities
(thereof for taxes)
(thereof for social security)
Total

691

(5)

691

(5)

0

(0)

1,287

(50)

1,287

(50)

0

(0)

87

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Annual report 2012

12. Deferred taxes from consolidation
measures – Group
Consolidation measures led to deferred tax liabilities arising from the elimination of tax valuations
in the consolidated financial statements. Deferred
tax assets arise from the elimination of intercompany profits and losses. Pursuant to Section 306
HGB, deferred tax liabilities totaling 14,118,000
euros, accruing from the elimination of tax valuations, were offset against the deferred tax assets
of 599,000 euros arising from the elimination of
intercompany profits and losses. Deferred taxes
were calculated on the basis of a 33% tax rate (2011:
33%).

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

Duisburg-Rheinhausen’s improved net assets,
financial position, and results of operations, the
risk of any call on these repayment obligation guarantees is regarded as low.
Duisburger Hafen AG has acted as guarantor for
the subsidiary duisport rail GmbH and has issued a
guarantee amounting to 65,000 euros in favor of a
service provider in connection with a rental transaction. We regard the risk of a possible call on this
guarantee to be low.
Duisburger Hafen AG has also undertaken to furnish Hafen Duisburg-Rheinhausen GmbH at any
time with the liquidity it needs to meet its liabilities. We regard the risk of a possible call on this
obligation to be low.

Contingent liabilities and other obligations
Duisburger Hafen AG has furnished various licensing authorities with directly enforceable guarantees amounting to 52.6 million euros in favor of
Hafen Duisburg-Rheinhausen GmbH, the purpose
of which is to serve as security for grant repayment
obligations. This relates to securing of repayment
obligations for granted subsidies. In view of Hafen

The Group’s commitments from investmentrelated and non-investment-related activities total
44.0 million euros, of which 2.5 million euros relate
to the parent company.
As of the closing date, the Group’s real estate was
subject to the following encumbrances:

Square meters

Land
affected
in %

Square meters

Leasehold rights of port operators

1,220,240

13.2

954,826

Easements and servitudes
(e.g. operation of pipelines and wells)

1,570,018

17.0

655,456

702,988

7.6

443,690

3,493,246

37.8

2,053,972

Total

duisport is a member of the Rheinische Zusatzversorgungskasse (RZVK) with headquarters in
Cologne. It is the task of the RZVK supplementary
old-age provision to provide supplementary oldage, reduction-in-earning-capacity, and survivors’
benefits in the form of a contribution-oriented
benefit plan for the employees of its members. The
amount of the company pension depends on the
relevant annual remuneration and the age of the
employee.
In 2012, the contribution rate was 4.25% of the
remuneration subject to supplementary pension
payments. The percentage of the recapitalization
charge (for financing the claims and entitlements
emanating from before 1 January 2002) was 3.25%.
In the 2012 financial year, the total remuneration
subject to supplementary pension payments of
duisport employees amounted to 7,684,735.97 euro.
This obligation relates to an indirect pension obligation for which no provision was made in terms of
Article 28 Paragraph 1 Sentence 2 of the Introductory Act to the German Commercial Code (EGHGB).

Encumbrances – Group

Rights of way and other rights

The Group’s other financial liabilities nominally
amount to 18,339,000 euros. Other financial liabilities of the AG amount to 5,069,000 euros. Of this,
2,923,000 euros relate to non-Group companies
and 1,020,000 euros to Group companies.

Of which AG

Off-balance-sheet transactions
In order to obtain liquidity for the financing of
future investment projects, HDR has sold logistics
real estate to MOLANKA Vermietungsgesellschaft
mbH & Co. Objekt Duisport KG, Düsseldorf, and
has leased it back (sale and lease back). Simultaneously a leasehold with a period of 70 years was
granted to the property company.
The property has been leased to an internationally
operating logistics company. The rental revenue
that can be realized over the long term in this way
exceeds the rental expenditure from the sale-andlease-back transaction with a basic rental period of
15 years. There is a buy-back option at the end of
the basic rental period.
The advantage of this transaction is that the liquidity obtained by the company via this financing
model is available for the investments planned for
2013 and subsequent years.
A financial risk for the HDR can arise if the lease
agreement with the internationally operating
logistics company should not be extended after
ten years.

89

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Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

Derivative financing instruments

Valuation units

The following interest hedge swaps existed as of
the closing date:

The following valuation units were formed:

Underlying transaction/
hedging instrument

Type of interest hedge swap

Payer interest swaps (a)
Interest/currency swap

Group
nominal volume
1,000 f

Group
market value
1,000 f

AG
nominal volume
1,000 f

AG
market value
1,000 f

42,649

-6,163

40,000

-5,815

13,889

3,317

13,889

3,317

The purpose of the interest/currency swap, which
has a nominal value of 13,889,000 euros, is to
convert an existing variable-rate loan in yen into
a fixed interest loan in euros. As of 31 December
2011, the market value of this swap was +3,317,000
euros.

In the consolidated financial statements, provisions for anticipated losses amounting to 847,000
euros were formed and for 499,000 euros in Duisburger Hafen AG’s annual financial statements for
valuation units which dissolved in the previous
year.

Both in the consolidated financial statements
and in Duisburger Hafen AG’s annual financial
statements, the payer interest swaps have negative market values totaling –6,163,000 euros and
–5,815,000 euros respectively.

The attributable values of the interest swaps and
interest/currency swaps correspond with their
respective market values as determined by suitable actuarial methods (the discounted cash flow
method). The valuations of the interest swaps and
interest/currency swaps are determined exclusively by parameters observable on the market.

In the annual financial statements as of 31 December 2011, the variable-interest liabilities and a portion of the interest swaps and interest/currency
swaps have been combined to form a valuation
unit. To cover swaps with negative market values on the closing date, a provision for anticipated losses may be formed to the extent that
the hedges are expected to be ineffective due to
discrepant interest payment dates. In the annual
financial statements as of 31 December 2011, there
was no need to form a provision for anticipated
losses for this reason.

(1) Variable-interest loan in foreign
currency (debt)/interest/
currency swap (AG)

Risk/type of
valuation unit

Amount
involved

Extent of
hedged risks

Interest and currency risk/
micro hedge

a13,889,000

a01

Interest risk/
portfolio hedge

a35,000,000

a5,815,000

(2) Variable-interest loan (debt)/
payer interest swap (AG)

Re (1): 	The counterbalancing payment flows from
the underlying and hedging transactions
are expected to cancel each other out with
100% effectiveness during the hedging
period up to 30 June 2016 because Group
risk policy is to hedge risk positions (i.e. the
underlying transactions) as soon as they
arise. Up to the closing date, the counterbalancing payment flows from the underlying
and hedging transactions have cancelled
each other out completely. To measure the
prospective effectiveness of a hedge, the
critical term match method is employed,
whereas the change in variable cash flows
method is used to measure its retrospective
effectiveness. This valuation unit is formed
both in the annual financial statements and
the consolidated financial statements of
Duisburger Hafen AG.
Re (2):	The counterbalancing payment flows in this
portfolio from the underlying and hedging
transactions are expected to cancel each
other out with a high degree of effectiveness
– over 92% – during the hedging periods that,
depending on the individual transactions, run

1

	This interest/currency swap has a positive market value.

until between 2015 and 2017 because company risk policy is to hedge variable-interest
risk positions (i.e. the underlying transaction)
against the liquidity risk as soon as they arise.
Up to the closing date, the counterbalancing payment flows from the underlying and
hedging transactions have cancelled each
other out. Since the total nominal values of
the interest swaps do not exceed the total
nominal values of the loans and the terms of
the interest swaps, including highly probable
follow-up financing, are no longer than the
terms of the underlying transactions, we can
prospectively assume a high degree of effectiveness, and the high level of retrospective
effectiveness achieved is a further indication
of the likelihood of prospective effectiveness. Besides this, the anticipated high level
of retrospective effectiveness also indicates
a high level of retrospective effectiveness.
To measure the retrospective effectiveness,
the change in variable cash flows method is
employed. These valuation units are formed
both in the annual financial statements and
the consolidated financial statements of
Duisburger Hafen AG.

91

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Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

The payer interest swaps have maturities ranging
from 2015 to 2017. The majority of the variableinterest loans included in the valuation units are
revolving credits that do not have fixed terms. One
loan amounting to 10 million euros matures on
19 February 2026. We currently expect the loans
either to be maintained in amount at least equaling their current levels until the payer interest
swaps mature or, alternatively, that corresponding
variable interest follow-up financing will be provided, since the company will continue to need this
liquidity for future infrastructure and suprastructure investments as well as for maintenance and
repair work. Accordingly, the valuation unit also
includes transactions expected to take place with a
high degree of probability (and with identical total
nominal values).

3. Other operating income
1,000 f
Group-internal services
Reversal of special items

1. Sales revenue
1,000 f

Group
2012

Group
2011

AG
2012

AG
2011

Infrastructure

25,863

24,776

19,507

19,215

Suprastructure

14,302

13,430

7,800

6,955

Packaging services

51,635

49,844

0

0

Logistics services

44,089

43,322

0

0

Other sales revenue
Total

2. Other own work capitalized
The duisport Group’s own work capitalized, totaling 5.9 million euros, results from various dfl construction projects.

13,890

149,779

965

155

52

132,337

27,462

26,222

Group
2011

AG
2012

AG
2011

0

0

4,606

4,754

152

140

208

1,800

596

1,271
362

3,204

Income from plant disposal

658

346

Other prior-period income

136

255

31

389

Received subsidies

364

142

364

123

Appreciation of plant and
current assets

267

250

246

177

Other

2,059

1,188

756

440

Total

4,611

5,837

6,674

9,863

Reversal of accruals (other periods)

VI. Notes on the profit and loss statement

Group
2012

The other prior-period income carried in Duisburger Hafen AG’s annual financial statements
includes various discounts for services from previous years. In particular, the consolidated financial
statements contain credit notes from previous
years. The income from dissolving the special item

117

1,584

amounting to 0.2 million euros corresponds to the
write-down in terms of Section 6b EStG and therefore has a neutral effect on the result.

4. Cost of materials
1,000 f

Group
2012

Group
2011

AG
2012

AG
2011

Raw materials, auxiliary materials
and consumables

17,309

18,077

211

171

Purchased services

50,660

42,690

356

279

Total

67,969

60,767

567

450

93

94

Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

5. Personnel expenses

7. Other operating expenses

1,000 f

Group
2012

Group
2011

AG
2012

AG
2011

1,000 f

Wages and salaries

27,419

24,852

9,906

8,702

Social taxes and expenses for pension
scheme and support

6,010

5,858

2,473

2,462

(thereof for pension scheme)

(877)

(1,059)

(769)

(958)

33,429

30,710

12,379

11,164

Total
For employees who have not been granted any
direct pension undertakings, Duisburger Hafen
AG operates a supplementary pension scheme

provided by Rheinische Zusatzversorgungskasse
Köln. In the previous year, the personnel expenses
included expenses amounting to 539,000 euros.

Group
2012

Group
2011

AG
2012

AG
2011

External services for maintenance

4,937

4,456

3,750

2,669

Legal, consulting, insurance, and similar

4,650

4,439

2,056

2,239

Lease and rental expenses

4,720

4,610

1,740

1,569

Company communication and marketing

696

1,138

616

975

Prior-period expenses

123

72

0

6

Other

8,235

9,416

3,150

3,492

Total

23,361

24,131

11,312

10,950

Group
2012

Group
2011

AG
2012

AG
2011

165

143

0

0

(0)

(0)

(0)

(0)

0

0

0

0

6,459

0

6,459

-2,640

165

143

+6,459

+3,819

Group
2012

Group
2011

AG
2012

AG
2011

365

417
(0)

4,420

(4,061)

3,996

(3,585)

365

417

4,420

3,996

8. Income from participation
6. Write-down of intangible assets and fixed assets
Group
2012

Group
2011

AG
2012

AG
2011

Intangible assets – scheduled

1,379

1,428

102

149

Tangible assets – scheduled

9,172

9,466

2,932

3,347

90

0

0

0

1,000 f

Tangible assets – unscheduled
Tangible assets – portion Section 6b EStG
Total
The write-down (portion Section 6b EStG) corresponds with income from the transfer of the special item and thus had no effect on the result.

0

0

208

1,800

10,641

10,894

3,242

5,296

1,000 f
Income from participation/associated companies
(thereof from affiliated companies)
Income from appropriation of earnings
Expenses from loss assumption
Total

9. Income from loans of financial assets
1,000 f
Income from loans
(thereof from affiliated companies)
Total

(0)

95

96

Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

VII. Other information

10. Interest income and interest expenses
Group
2012

Group
2011

AG
2012

AG
2011

860

782

712

847

(thereof from affiliated companies)

(0)

(0)

(214)

(248)

(thereof income from discounting of
long-term provisions)

(75)

(2)

(75)

(2)

-7,112

-7,451

-5,460

-5,362

(0)

(0)

(-234)

(-252)

(thereof expenses from discounting of
long-term provisions)

(-673)

(-654)

(-625)

Total

-6,252

-6,669

-4,748

1,000 f
Other interest and similar income

Interest and similar expenses
(thereof to affiliated companies)

Average number of employees by company
Total employees
Industrial workers

Office staff

Apprentices

2012

2011

9

156

16

181

173

109

74

10

193

202

dpl Chemnitz GmbH

45

11

0

56

53

dpl Süd GmbH

18

7

1

26

26

(-612)

duisport rail GmbH

28

7

0

35

34

-4,515

duisport agency GmbH

0

40
13

0

0

40

37

0

30

0

30

0

15

4

0

19

19

1

2

0

3

2

14

10

0

24

6

275

354

27

656

599

Duisburger Hafen AG
duisport packing logistics GmbH

dfl duisport facility logistics GmbH
Tarlog GmbH

Other interest income of the Group contains priorperiod income amounting to 203,000 euros.
In connection with the tax audit concluded in the
year under review, interest expenditure amounting
to 285,000 euros was taken into account in terms
of Section 233a AO.

11. Write-down of financial assets and
current asset securities
In the year under review, write-downs amounting
to 344,000 euros were made on financial assets.
This essentially relates to a write-down of the
shareholder loan to Antwerp Gateway N.V. Besides
this, unplanned write-downs to the lower fair value
of the securities amounting to 4,000 euros (2011:
102,000 euros) were made.

12. Taxes on income and on revenue
The taxes on income and on revenue for the Group
amount to 3,965,000 euros and for the Duisburger
Hafen AG to 3,602,000 euros of the result of normal business operations.
The results of the tax audit for the years 2007 to
2010 encumber the Group with 249,000 euros and
the Duisburger Hafen AG with 240,000 euros.
In addition, an amount of 226,000 euros (2011:
215,000 euros) in the consolidated financial statements relates to a change in deferred taxes not
recognized.

Umschlag Terminal Marl GmbH & Co. KG
dpl International N.V.
duisport industrial packing service
(Shanghai) Co. Ltd.
Total

None of the following companies employ their own
personnel: Hafen Duisburg-Rheinhausen GmbH,
Grundstücksgesellschaft Südhafen mbH, duisport
consult GmbH, Heavylift Terminal Duisburg GmbH,
LOGPORT Logistic-Center Duisburg GmbH, Umschlag Terminal Marl Verwaltungs-GmbH, DuisPortAlliance GmbH, and Hafen Duisburg-Amsterdam
Beteiligungsgesellschaft mbH.

36

49

The total interest paid by the Group during 2012
amounts to 7.1 million euros.
Cash equivalents amounting to 147,000 euros
resulted from companies consolidated proportionately as of 31 December 2012.

Information in terms of Section 264,
Paragraph 3 HGB
Explanations regarding the consolidated cash
flow statement
Cash and cash equivalents include cash in hand as
well as bank balances and liabilities. There are no
restrictions on the disposal of the liquid assets.

The subsidiaries Hafen Duisburg-Rheinhausen
GmbH, duisport agency GmbH, dfl duisport facility logistics GmbH, duisport rail GmbH, duisport
packing logistics GmbH, and dpl Chemnitz GmbH
are availing themselves of the relief available under

47

97

98

Annual report 2012

consolidated notes and notes on the financial statements of duisburger hafen aktiengesellschaft

Section 264, Paragraph 3 HGB in that they are foregoing disclosure of the financial statements pursuant to Section 325 HGB.

Auditor’s fees

Loans to members of the Management and
Supervisory boards

Supervisory
Board member

As of 31 December 2012, there were no outstanding loans to Management Board and Supervisory
Board members.

The Group auditor’s fees for the financial year were
for:

Appropriation of profits

Auditing services	

Out of Duisburger Hafen AG’s net retained earnings totaling 8,104,212.72 euros, the Management
Board proposes distributing 7,500,000 euros (thereof from previous years’ profits 4,500,000 euros)
to the shareholders, provided that this is approved
by a majority sufficient to override the provisions
of Section 16, Paragraph 2 of Duisburger Hafen
AG’s Articles of Association, the remainder to be
allocated to the legal reserve.

Other services	

109,000 euros
5,000 euros

Total receipts of the Management Board and
the Supervisory Board
Receipts by the Management Board in 2012 are broken down as follows:

2012 receipts
in f

In 2012 the individual members of the Supervisory
Board received the following overall compensation:

Fixed receipts Variable receipts

Other receipts

Total

Compensation
in 2012 in f
2,018.15

Dr. Michael Offer
Ursula Lindenhofer

2

1,942.92

Uwe Schröder

1,940.58

Horst Becker

1,406.06

Friederike Neuhäusler

1,365.81

Jörg Hansen

1,227.10

Gregor Schaschek

1,227.10

Udo Vohl

1,227.10

Ulrike Schlink

1,227.10

Reinhard Klingen

1,214.78

Heidi Batkowski

1,175.97

Dr. Günter Horzetzky

818.07

Erich Staake

304,060.20

258,895.34

66,739.96

629,695.50

Benno Lensdorf

715.81

Thomas Schlipköther

200,000.00

156,027.63

29,237.80

385,265.43

Sören Link

664.68

Markus Bangen

130,062.48

140,837.61

52,654.40

Total

634,122.68

555,760.58

148,632.16

1

323,554.49

1,338,515.42

1

Adolf Sauerland

639.12

Karsten Tum

536.86

Michael Groschek

434.60

Garrelt Duin
Total

1

	Including pension scheme.

	Chairman.
	Vice Chairwoman.

1

2

306.78

20,088.59

Duisburg, 3 May 2013
Duisburger Hafen Aktiengesellschaft

Executive Board

Staake 	
(Chairman)

Schlipköther 		Bangen

99

100

Annual report 2012

Audit opinion
We have audited the annual financial statements –
consisting of the balance sheet, income statement,
and the notes, which have been consolidated with
the notes on the accounts of the Group – with the
involvement of the accounting department of the
Duisburger Hafen Aktiengesellschaft, Duisburg, as
well as the Group financial statements that were
drawn up by them – consisting of the balance
sheet, the income statement, the notes, which
have been consolidated with the notes on the
accounts, the cash flow statement, and the equity
statement – and the report on the position of the
company and the Group for the financial year from
January 1 to December 31, 2012. Accounting and the
preparation of this documentation is the responsibility of the Management Board of the company
in terms of German commercial law and the supplementary conditions of the Group’s articles. It is
our task to present an evaluation, with the involvement of the accounting department, of the financial statements, the Group financial statements
prepared by them, and their report on the position
of the company and the Group.

Audit opinion

We have conducted our audit of the financial
statements and the Group financial statements
in terms of Section 317 of the German Commercial
Code (HGB), taking into consideration the generally accepted German standards of auditing as
specified by the Institute of Public Auditors (IDW).
These regulations require that the audit be performed such that misstatements and contraventions materially affecting the presentation of the
net assets, financial position, and results of operations in the financial statements, the Group financial statements, and in the report of the position
of the company and the Group – taking into consideration generally accepted standards of proper
accounting – will be detected with a sufficient
degree of certainty. Knowledge of the business
activities and the economic and legal environment
of the company and the Group as well as expectations as to possible misstatements are taken into
account in the determination of audit procedures.
The effectiveness of the accounting-related internal control system and the evidence supporting
the disclosures in the financial statements, the
Group financial statements, and in the report of
the position of the company and the Group are primarily evaluated on the basis of random sampling.
The audit includes assessing the annual financial
statements of the companies consolidated in the
Group financial statements, the determination of
companies to be included in the consolidation, the

accounting and consolidation principles used, and
the significant estimates made by the Management Board of the company, as well as evaluating the overall presentation of the financial statements, the Group financial statements, and the
report on the position of the company and the
Group. We are of the opinion that our audit forms
a reasonable basis for our evaluation.

Düsseldorf, 3 May 2013
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft

Our audit has not led to any reservations.
In our opinion, based on the findings of our audit,
the financial statements and the Group financial
statements comply with the legal requirements
as well as the supplementary conditions of the
Group’s articles and present a view of the net
assets, financial position, and results of operations
in the financial statements and the Group financial statements, taking into consideration generally accepted standards of proper accounting, in
accordance with the actual situation. The report
of the position of the company and the Group is
consistent with the financial statements and the
Group financial statements, as a whole provides an
appropriate view of the position of the company
and the Group, and suitably presents the opportunities and risks of future development.

Norbert Linscheidt	

p.p.a. Udo Kroll

Auditor			

Auditor

101

102

Annual report 2012

Shareholders

Shareholders
Duisburger Hafen AG’s subscribed capital amounts
to 46,020,000 euros divided into 46,020 registered
shares of restricted transferability.
Subscribed capital is held by the following institutions:
The Federal Republic of
Germany with	

15,340 million euros

The state of North Rhine-Westphalia,
via Beteiligungsverwaltungsgesellschaft des Landes NordrheinWestfalen mbH with 	
15,340 million euros
The city of Duisburg with	

15,340 million euros

103

104

Annual report 2012 Imprint

Imprint
Duisburger Hafen AG
Hafen-Nummer 3650
Alte Ruhrorter Strasse 42–52
47119 Duisburg, Germany
Tel.	+49 (0) 203 803-0
Fax	+49 (0) 203 803-4232
www.duisport.de
mail@duisport.de
Concept, editing & implementation
dws Werbeagentur GmbH, Duisburg
www.dwsw.de
Photography
Frank Reinhold, Düsseldorf
Printing & processing
druckpartner
Druck- und Medienhaus GmbH, Essen
Photo credits
AUDI AG, Ingolstadt
Containerisation International, Informa plc
DB Schenker, Michael Neuhaus
Initiativkreis Ruhr GmbH, Georg Lukas
Rolf Köppen
[kr]ask[a], Elmar Kraska
Rheinische Post, Ralf Hohl
Peter Sondermann
Trans Eurasia Logistics GmbH, Michael Neuhaus

printed on:

Print

compensated
Id-No. 1330495
www.bvdm-online.de

Port Map

105

duisport packing logistics
Group of companies

Wasserfläche/Water area

with the logistics locations:
duisport packing logistics GmbH
Duisburg/Essen/Westphalia/Hamburg

Logport Logistic-Center Duisburg GmbH

dfl duisport facility logistics GmbH

Full-service provider for
establishment management

Port logistics, warehouse services,
facility management

dpl Süd GmbH
Mainhausen/Frankfurt
Weinzierl Verpackungen GmbH
Sinzing/Regensburg
dpl Chemnitz GmbH
Chemnitz

logport ruhr GmbH

duisport consult GmbH

Logistics real estate and modular
services in the Ruhr area

Port and logistics concepts

We see ourselves as partners of the logistics industry and contribute significantly to the optimization of transport chains. In
addition, we create and implement customer-specific concepts
and solutions, which are tailored to the most diverse requirements.
About 300 logistics-oriented companies who are established in
the port of Duisburg benefit from this full-service approach.

dpl International NV
Antwerp

Public railway transport company and
flexible partner for railway connections

Participations

DIT Duisburg Intermodal Terminal GmbH
Trimodal container terminal at the
logport port

D3T Duisburg Trimodal Terminal GmbH
Trimodal container terminal at
the logport port

Antwerp Gateway N.V.
Sea port container terminal, Antwerp

Masslog GmbH
Handling terminal for bulk goods
(especially coal import)

Umschlag Terminal Marl GmbH & Co. KG
Terminal for combined railway transport
in the northern Ruhr area

Heavylift Terminal Duisburg GmbH
Heavy cargo terminal in the outer
port of Duisburg

Weinzierl Industrieverpackungen
Manufacturing sites in Augsburg and
Sinzing/Regensburg

EILS – Emballages Industriels Logistique & Services
Packaging logistics with sites in
Mulhouse and Strasbourg (France)

Tarlog GmbH
Industrial area and services

Eisenbahn/Railway

duisport rail GmbH

duisport packing logistics India Pvt. Ltd.
Pune (Mumbai)

Haupterschließungsstraßen/
Important connecting road

duisport Packing Logistics (Shanghai) Co. Ltd.
Shanghai/Wuxi

Meanwhile, more than 40,000 jobs depend on the port, either
directly or indirectly, with an added value of about three billion
euros per year.
In order to be able to continuously expand the spectrum of services in the future and to safeguard it within the framework of the
globalized economy, international activities were pushed ahead in
2012. We are thus supporting the economies of emerging countries, like China and India, with consultation and logistics services.

Packaging logistics including transport
solutions for the capital goods industry

Sitz der/Headquarter of
Duisburger Hafen AG

duisport agency GmbH
Central sales company for solutions
regarding transport relationships, transport
chains and logistics

Hafengebiet duisport/
duisport Port area

Duisburger Hafen AG
Owner and management company
of the public ports of Duisburg

Haupteisenbahnlinien/
Important connecting railway

As a trimodal hub, duisport optimally combines an advantageous
geographical location and favorable location conditions with extensive expertise. We are thereby the connecting link between manufacturers and customers, we network international markets, and
we are the drivers of local and global flows of goods.

Packaging logistics

Autobahn/Motorway

The Duisburger Hafen AG is the company owning and managing
the port of Duisburg. Being the largest inland port worldwide, at
the confluence of the Rhine and the Ruhr, we offer a broad palette of services – for instance, full-service packages in the field
of infrastructure and suprastructure, including establishment
management and logistics services in the areas of packaging,
railway goods transport, project logistics, consultation, and building management.

Transportation and
logistic services

Infrastructure and suprastructure

Zeichenerklärung/Legend

duisport – suitable services for
different customer requirements

Geplante Straße/
Planned feeder road

The duisport Group
and its business segments

Duisburger Hafen AG
Port number 3650
Alte Ruhrorter Strasse 42–52
47119 Duisburg, Germany
Phone +49 (0) 203 803-0
Fax +49 (0) 203 803-4232
www.duisport.de
mail@duisport.de
        
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