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Full text: Annual report of the Duisport Group Issue 2013

REACHING GOALS
Annual Report 2013
of the duisport Group

duisport-Gruppe, key figures 2011–2013 (in EUR million)
2011

2012

2013

Change in %1
13/12

Sales revenue (incl. sales revenues
that cannot be consolidated)

148.4

159.8

175.4

+10

Sales revenue

138.4

149.8

159.9

+7

Balance sheet sum

307.7

310.1

Gross investments

15.8

25.9

49.7

+92

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

27.8

28.9

30.1

+4

7.5

8.1

8.2

+1

17.1

18.4

2

2

Earnings after taxes
Cash flow I

3

599

Employees

656

340.9

+10

22.0

+20

746

+14

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

2011

2012

50.4

38.2

2013

Change in %1
13/12

47.2

+24

29.0

+11

Ship

28.1

Rail

47.1

45.6

47.1

+3

125.6

110.0

123.3

+12

26.2

Truck4
Total

Goods handled at duisport Group ports (in million metric tons)
2011

2012

2013

Change in %1
13/12

Ship

17.1

16.0

Rail
Truck

31.2

16.0

16.3

-6

15.8

15.0

30.7

-2

Total

64.1

63.3

62.0

1

Percentage figures have been rounded; rounding tolerance 0.1.

2

Sales revenues +/– changes in stocks + own work capitalized.

3

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

4

Truck-handling volume at company ports has been estimated.

31.3

+2
-2

duisport – the right strategy for
logistics and industry
Duisburger Hafen AG is the owner and managing company of the
Port of Duisburg. As the world’s largest inland port, we offer our
industrial and logistics customers tailored solutions through our
infrastructure and suprastructure, transportation and logistics
services, and packaging logistics business segments. These solutions
range from rail transport services through to establishment and
building management to comprehensive consulting services.
As a trimodal logistics hub and the largest inland hub in Europe,
duisport provides the optimal combination of advantageous geographical location and favorable location conditions with extensive
logistics expertise. With this as our foundation, we are able to push
forward with the optimization of transport chains – regionally as
well as at the national and international levels.
Thanks to the interconnection of water, rail, and road transport,
we help industrial and logistics companies structure the flow of
goods in a manner that is as efficient, inexpensive, and environmentally friendly as possible. The 300 logistics-oriented companies
located at the port of Duisburg profit from this interconnected
logistics concept and generate added value of approximately three
billion euros annually.
In order to solidify our position in the framework of the globalized
economy, we pressed ahead with our international activities in
2013. We did this through, for example, increased rail routes to
Russia and China, an expansion of our packaging logistics activities
in China and India, and various consulting projects, such as for DP
World, the terminal operator of the port of Jebel Ali in Dubai. Thanks
to this dual strategy with an international and regional focus, the
duisport Group is well positioned for the future as a partner of the
economy.

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 routes, transportation 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/Westfalen/Hamburg

LOGPORT Logistic-Center Duisburg GmbH

duisport facility logistics GmbH

Full-service provider in
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 properties and modular services
in the Ruhr region

Port and logistics concepts

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

duisport rail GmbH

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

Public rail transport company and
flexible partner for rail connections

Participations

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

Masslog GmbH
Handling terminal for bulk cargo
(esp. imported coal)

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

Umschlag Terminal Marl GmbH & Co. KG
Terminal for combined rail transport
in the northern Ruhr region

Holz Weinzierl Fertigungen GmbH & Co. KG
Manufacturing sites in Augsburg and
Sinzing/Regensburg

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

Heavylift Terminal Duisburg GmbH
Heavy cargo terminal in the
Duisburg outer harbor

EILS – Emballages Industriels Logistique & Services
Packaging logistics with locations in
Mulhouse and Strasbourg

Tarlog GmbH
Industrial area and services

Integrated Project Services
Global project logistics for
mechanical and plant engineering

REACHING GOALS
Annual Report 2013
of the duisport Group

1:1

Table of contents

ANNUAL REPORT 2013 Table of contents

Note by the Chief Executive Officer 	

4

Report of the Supervisory Board 	

6

Executive Board/Corporate Development Council/Supervisory Board 	

8

Close interaction in the interconnected logistics sector 	
	
Competitively well positioned	
	
New majority shareholder	
	
Increasing use of rail transport	
	
New life in a traditionally rich area	
	
Optimized space management	
	
duisport grows with its customers	
	
Important new establishment	
	
International praise	
	
Showcase project: Jebel Ali	
	
Other international activities	
	
Successful participations	
	
Innovative partner in research, science, and training	
	
A team for the future in the fast lane	
	
Social commitment	

28
28
30
30
32
33
34
36
38
39
40
41
42
45
47

Group Report 	
	
I. 	 Fundamentals of the Group	
	
II.	 Financial report				
			 1. 	 Framework conditions	
			 2.	 Presentation of net assets, financial position, and results	
	
III.	Supplementary report				
	
IV.	Forecast, risk, and opportunity report				
			 1.	 Risk and opportunity report	
			 2.	 Forecast	
	
V.	 Declaration pursuant to Section 312, Paragraph 3, AktG				

50
52
52
52
53
62
63
63
64
66

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

69
70
80
88
112
114

Imprint	

116

Port map 	

117

2:3

The 2013 fiscal year was marked by a significant change in the corporate
structure of Duisburger Hafen AG. The state of North Rhine-Westphalia took
over the federal government’s 33.3 percent stake and, at 66.6 percent, is now
the majority shareholder. This underscores not only the state government’s
assessment of our company, but it is also an expression of a continuous and
trusting collaboration over many years that has contributed to the stable
development of the duisport Group. In the last fiscal year, we recorded an
increase in sales and earnings for the 16th year in a row.

Another highlight was the visit of Chinese President Xi Jinping to logport I. The
focus of his visit was on the arrival of the Yuxinou train, which connects the
cities of Chongqing in Central China and Duisburg in just 16 days. For China,
this connection is already considered the “new Silk Road.”

With the positive performance in the last fiscal year, we once again view ourselves as confirmed in our strategy of offering both the industrial sector and
the logistics industry clear added value as a highly diversified partner. For us,
the close interaction between logistics and industry is the key to the continued successful development of our company. This is because the interconnectedness of these two economic sectors results in a great deal of synergy potential, as readers will see confirmed in this annual report over and over again.

I would like to thank our business partners, shareholders, and the Supervisory
Board very much for their good collaboration in 2013. Once again this year,
I would particularly like to thank all of our employees who contributed to this
success with their enormous dedication. I am pleased that the number of
employees at the duisport Group rose again and that we will in all likelihood
exceed the 1,000-employee mark this year!

The duisport Group once again managed to achieve an increase in sales in
2013. And it did so in an environment of generally only minimal economic
growth. Sales in all three business segments grew, and container handling
once again reached a new high with 3 million TEU. We would like to note
that the establishment of the new CKD center for Volkswagen – following
the establishment of the largest AUDI AG CKD center in the world – has been
completed, which will further expand and establish the Port of Duisburg as an
important logistic center for the automobile industry.

Thanks to such activities – at the international level and with the current
expansion of capacity at the Port of Duisburg – the duisport Group is optimally
prepared for future challenges.

Erich Staake
Chief Executive Officer
Duisburg, 2 July 2014

Particularly noteworthy during the reporting period is the creation of a master
plan for the hinterland connection of the Jebel Ali port in Dubai. The plan,
developed on behalf of DP World, once again demonstrates that the expertise
of duisport is valued at an international level.

ANNUAL REPORT 2013 Note by the Chief Executive Officer

4:5

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 Executive Board to the Supervisory Board meetings held during the 2013 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 five Supervisory Board meetings were held during the 2013 financial 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 area of
port suprastructure and changes in the companies that make up the duisport
Group were of particular importance during the 2013 financial year.
The Executive Board report on the relationship to affiliated companies
(dependency report) for the period from 5 September to 31 December 2013
was audited in accordance with the statutory provisions by the auditing company PricewaterhouseCoopers AG. The audit did not result in any objections,
as a result of which an unqualified audit opinion was issued.

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 the 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 Executive 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 7,378,568.13 euros and to place the remainder in the statutory
reserve.

The annual financial statements for the 2013 fiscal year, including accounting
and the management report, were audited in accordance with the statutory

Sören Link
Chairman of the Supervisory Board
Duisburg, 2 July 2014

ANNUAL REPORT 2013 Report of the Supervisory Board

6:7

EXECUTIVE BOARD

CORPORATE DEVELOPMENT COUNCIL

PRESIDIUM OF THE SUPERVISORY BOARD

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

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

Sören Link
Mayor, City of Duisburg,
Chairman of the Supervisory Board

Prof. Dipl.-Ing. Thomas Schlipköther
Essen

Dr. Stephan Holthoff-Pförtner
(until 31 October 2013)
Attorney and notary, Essen

Attorney Markus Bangen
Düsseldorf

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

Gunther Adler (since 28 June 2013)
Secretary of State, Ministry for Construction, Housing, Urban Development, and Transportation for
the State of North Rhine-Westphalia, Düsseldorf
Vice-Chairman of the Supervisory Board
Jörg Hansen
Head of Section, Department of Finance
of the State North Rhine-Westphalia, Düsseldorf
Vice-Chairman of the Supervisory Board
Ursula Lindenhofer
Accountant, Duisburger Hafen AG, Duisburg,
Vice-Chairwoman of the Supervisory Board
Dr. Michael Offer (until 18 September 2013)
Assistant Executive Director,
Federal Department of Finance, Berlin,
Vice-Chairman of the Supervisory Board

Matthias von Randow
Chief Executive Officer of Bundesverband
der Deutschen Luftverkehrswirtschaft e. V.
(BDL – Federal Association of German aviation
industry), Berlin

Michael Groschek (until 28 June 2013)
Minister for Construction, Housing, Urban Development, and Transportation for the State North
Rhine-Westphalia, Düsseldorf
Vice-Chairman of the Supervisory Board

Dr. Hans Rolf
Attorney-at-law, Cologne

SUPERVISORY BOARD

Dr. Ludolf von Wartenberg
Former Undersecretary of State, Berlin

Garrelt Duin (until 28 June 2013)
Minister for Economics, Energy, Industry, Small
Business, and Trade for the State of North
Rhine-Westphalia, Düsseldorf
Torsten Burmester (since 18 September 2013)
Department Head, Ministry for Economics,
Energy, Industry, Small Business, and Trade for the
State of North Rhine-Westphalia, Düsseldorf

Kirsten Stecken (since 18 September 2013)
Head of Division, Ministry for Construction, Housing, Urban Development, and Transportation for
the State North Rhine-Westphalia, Düsseldorf
Dr. Ulf Steenken (since 18 September 2013)
Managing Director, holding company of the State
North Rhine-Westphalia, Düsseldorf
Benno Lensdorf
Mayor, City of Duisburg
Udo Vohl
Councilman, City of Duisburg
Reinhard Klingen (until 18 September 2013)
Executive Director, Federal Department
of Transport, Building and Urban Development,
Berlin
Friederike Neuhäusler (from 28 June to
18 September 2013)1
Desk Officer, Federal Department of Finance,
Berlin
Heidi Batkowski
Clerk,
duisport packing logistics GmbH, Duisburg
Ulrich Brottmann (since 28 June 2013)
Electrician,
Duisburger Hafen AG
Gregor Schaschek (until 28 June 2013)
Manager of Internal Audits,
Duisburger Hafen AG, Duisburg
Ulrike Schlink (until 28 June 2013)
Clerk,
duisport agency GmbH, Duisburg
Bernhard Waltenberg (since 28 June 2013)
Technical employee,
duisport packing logistics GmbH, Duisburg

	 The membership of Ms. Neuhäusler was suspended for one year.

1

ANNUAL REPORT 2013 Executive Board/Corporate Development Council/Supervisory Board

8:9

ANNUAL REPORT 2013 The Company

10 : 11

Improved
performance
throughout
the entire season
The score after a full season of combined transport container handling was as follows:
­consistently improved performance. With three million TEUs handled in 2013, we once
again achieved a record result. In doing so, duisport secured its position as the world’s
largest inland container port. The acquisition of new customers in contract logistics, as
well as the Audi and Volkswagen CKD centers that commence full operation in 2014,
present container handling with further growth opportunities this season as well.

ANNUAL REPORT 2013 The Company

12 : 13

International
one-two passes
Our global network as well as good cooperation with global players such
as Kühne + Nagel and many others make us strong: we are working with
our strategic partners to tap new business areas and offer efficient
transport concepts and logistics solutions worldwide. For example, we
improved the connections of the European hinterland through direct
links to the Antwerp deep-sea terminal and doubled the transport of
goods by rail between Turkey and Duisburg.

Klaus-Michael Kühne, Honorary Chairman of Kühne + Nagel International AG, and Erich Staake at a joint meeting.

ANNUAL REPORT 2013 The Company

14 : 15

How speed
comes into play
Our strategy of focusing on industry solutions is proving to be the
“turbo engine” of development of the duisport Group. After convincing
automobile manufacturer Audi to establish its largest CKD center in the
world here, its Wolfsburg-based parent company Volkswagen followed suit.
And we would be particularly pleased if our innovative and sustainable
solutions can claim further recognition – as we did with Logix,
the German real estate prize for the Audi logistics center.

ANNUAL REPORT 2013 The Company

16 : 17

00:18
ANNUAL REPORT
Annual
2013 Report
The Company
2013

Das Unternehmen

1800:19
: 19

Gaining
premium ground
The logport concept is on course for success: capacity is being expanded
considerably at logport I and logport III. Additional container gantry cranes,
the expansion of rail infrastructure, the enlargement of handling and
depot areas and the marketing of new logistics space throughout the
Ruhr region – this shows how attractive the logport family is for
our customers. This is how the duisport Group is expanding its
position as the leading logistics hub in Central Europe.

ANNUAL REPORT 2013 The Company

20 : 21

Scoring on
international turf
When it comes to connecting large seaports through integrated hinterland concepts, the expertise of duisport is internationally sought after in
demand. For example, we recently prepared such a hinterland concept
for the port of Jebel Ali on behalf of DP World. Here – as previously
in Brazil with the São Paulo–Santos logistics corridor – duisport
was able to score points thanks to its comprehensive experience
in intermodal transport concepts and space development.

ANNUAL REPORT 2013 The Company

22 : 23

The art of
promoting young talent
We will need talented performers willing to show complete dedication to our
region and industry in the future. This is why we are building our strength by
promoting young talent. We accomplish this, on the one hand, through our training opportunities and, on the other hand, by actively seeking talented, young
employees whom we can promote and guide on their way to the big leagues.
As with all of our activities, we also emphasize strong teamwork in this regard.
For example, we work closely with the University of Duisburg-Essen and are
resolutely committed to the TalentMetropole Ruhr initiative – to name
just two examples.

ANNUAL REPORT 2013 The Company

24 : 25

00:26
ANNUAL REPORT
Annual
2013 Report
The Company
2013

Das Unternehmen

2600:27
: 27

Close interaction in the
interconnected logistics sector

The duisport Group recorded an
increase in sales and earnings in 2013 –
despite a difficult economic environment – for the 16th time in a row.

Logistics plays a central role in the interaction between industry and trade. And
its importance is on the rise: according to scientific research, up to 40 percent of
production in the automobile industry, one of the main pillars of our economy, is
now defined logistically.
This relationship between industry and logistics has now also reached the public
consciousness. A look at the messages from the media makes this clear. There are
vivid reminders of this everywhere and not just in the Ruhr region: in recent decades, whenever the media wanted to publish stories about economic growth, they
accompanied the reports with pictures of factory smokestacks belching smoke.
This symbolism is now a thing of the past. Today, in reports on the growth of the
German economy, the leading media show pictures of containers piled high and
gantry cranes loading containers at our ports. The message is clear: logistics is the
driver of growth. A look back at 2013 at Duisburger Hafen AG emphatically confirms the value of intelligent logistical connections with industry.
Competitively well positioned
Customized offers with a comprehensive logistics network – as the operator of the
world’s largest inland port, the duisport Group has the right strategic focus. While
every football club has a tripartite structure comprised of defenders, midfielders,
and forwards, our company is based on three business segments: infrastructure
and suprastructure, transportation and logistics services, and packaging logistics.
With its full-service approach, the duisport Group covers a broad array of services,
from establishment management to integrated port and logistics concepts as
well as from intermodal transport services to the specialized packaging of industrial goods. The interaction of various service providers within the corporate group
once again allowed the duisport Group to increase sales in 2013, and despite a
difficult economic environment, it did so in all three business segments. As in the
year before, a key driver of this growth was the increase in container handling,
which rose from 2.6 million TEU in 2012 to more than 3 million TEU in 2013. This
corresponds to a growth rate of 16 percent. The astonishing conclusion is this:
even if the turnover figures for seaports are stagnant, inland ports can generate
their own growth with good networks.
Against this background, the duisport Group will expand its handling capacities by 1 million TEU to a total of 5 million TEU by 2015. By doing so, duisport will
strengthen its position as the sole inland port on the list of the 100 largest container ports in the world.

Thanks to forward-looking optimizations, the Port
of Duisburg still has space potential of around 100
hectares for establishments or expansions. With
the development of additional commercial and
logistics space throughout the entire Ruhr region
thanks to our joint venture logport ruhr, our customers will also have sufficient space with optimal
connections to the duisport multimodal logistics
platform in the future – for example, in Kamp-Lintfort (logport IV) and Oberhausen (logport V). We
plan to develop an additional 100 hectares of space
for logistics and industry establishments in the
coming five years. All of these areas are characterized by their very good infrastructure: they are all,
without exception, areas that were previously used
by industry.

The new headquarters of Duisburger
Hafen AG, built according to the latest
environmental standards.

ANNUAL REPORT 2013 The Company

28 : 29

New majority shareholder

which rail-freight transport in Belgium is controlled. The new routes allow for
quicker and more efficient freight handling in both directions.

A key change took place among the shareholders of Duisburger Hafen AG in 2013:
the state of North Rhine-Westphalia, previously a one-third shareholder like the
City of Duisburg, took over an additional 33.3 percent stake from the Federal
Republic of Germany. As a result, the State of North Rhine-Westphalia now owns
two-thirds of the shares of Duisburger Hafen AG – a positive commitment by the
state to our company.
Increasing use of rail transport
Sustainability is a key consideration for the duisport Group in all its activities.
This is demonstrated not least by the expansion of our offering in intermodal
rail-freight transport. During the reporting period, a number of additional rail
connections were created. For example, there is a new connection between logport I and Kutno in Poland and a connection between Duisburg and Prague that
is operated several times a week. In addition, the connections with Turkey were
doubled thanks to new intermodal connections between Duisburg and Turkey via
Constanta and Trieste.

The transport of goods between Duisburg and emerging markets in Turkey
has doubled thanks to new intermodal
connections.

Furthermore, since the launch of the Betuwe Express in March 2014, there is once
again a direct connection between the inland terminal DeCeTe Duisburg and the
Euromax Terminal Rotterdam, at which container ships from shipping companies
such as Cosco, “K” Line, Yangming, Hanjin, China Shipping, and UASC are handled.
The Duisburg–Rotterdam link is considered one of the fastest and most efficient
transport connections in all of Europe. It was for this reason, among others, that
the Port of Rotterdam Authority honored Erich Staake, CEO of Duisburger Hafen
AG, in August 2013 with a Boeganker (bow anchor) award, which is presented to
those who have played an exceptional role in the development of the port of Rotterdam.
Rail connections are also becoming increasingly important in intercontinental
freight transport. An excellent example of this is the Yuxinou train, which connects the world’s largest inland port at Duisburg with the city of Chongqing in

The Yuxinou train reaches the port
of Duisburg after a 16-day journey
through Asia and Europe from Chongqing in Central China.

Duisburg is thus now stably connected to a key future market via rail. This is
because Turkey is currently gaining in importance in the areas of textiles and
earthenware as well as in the area of mechanical engineering. Shipments to Scandinavia from logport III also increased
significantly during the reporting period.
In order to shift the domestic transport
of goods to rail, new direct connections
were established from Duisburg to Kiel,
for example.
The connection of the western ports
Amsterdam, Rotterdam, Antwerp, and
Zeebrugge to the European hinterland
via the Duisburg hub continues to be of
particular importance. In order to further
optimize these partnerships through
additional rail transport, a direct connection was established between the
Antwerp Gateway deep sea terminal and
Duisburg during the reporting period.
Previously, trains were routed over the
main hub and the Narcon system, via

ANNUAL REPORT 2013 The Company

30 : 31

and repurposed it for the handling of imported coal. duisport agency then took on
the difficult task of finding new customers for the coal island. The acquisition talks
were so successful that by the end of September 2013 the first coal shipments to
the area had already taken place. Some ten block trains of up to 1,300 metric tons
each are now handled on the coal island. In addition to the energy industry, a coking plant is also served, which results in steadier revenue. Because the coal island
also has all of the technical equipment necessary for any combination of storage,
mixing, and direct handling, we are confident that we will be able to handle several million metric tons of imported coal already in 2014 and continue successful
commercial management of the coal island in the coming years.
Optimized space management

Large quantities of imported coal are
now successfully handled internally on
the coal island in the middle of the port
of Duisburg.

Demand-based expansion of handling capacity and optimized space usage are the
maxims of being prepared for further growth. For example, the terminal capacity
of logport I and logport III, which are located on the western bank of the Rhine, is
currently being expanded from six container bridges to ten. In connection with
this, the rail infrastructure is being expanded and the handling and depot area
is being increased by 13 hectares. In spring 2014, the new trimodal portal crane at
the D3T terminal at logport I, one of the largest portal cranes at an inland port,
went into operation. This will be followed in autumn 2014 by a third rail crane at
the neighboring DIT terminal
as well as two additional rail
cranes at logport III. Thus, duisport has expanded its position
as the largest European container handling location while
simultaneously optimizing the
use of its space.
China, one of the fastest growing economic regions in the world, via the “new Silk
Road.” Twice as fast as the shipping connection and half the cost to transport via
airfreight, rail transport to China – as is the case with rail transport to Moscow,
Beijing, and Shanghai, which has also risen sharply – is further evidence of the
continued expansion of the international network of duisport. These direct transcontinental rail connections to Asia thus represent an attractive complement to
sea transport.
New life in a traditionally rich area
An important development occurred at the coal island in the middle of the Port of
Duisburg in 2013. As a result of the loss of a major customer in coal logistics, the
previous tenant left. The duisport Group then took over parts of the coal island

ANNUAL REPORT 2013 The Company

The newly, private connecting road
between the Chempark and logport III
enables the direct transport of goods
by rail.

An additional improvement
to the transport routes at
logport III­ was on the agenda
during the reporting period.
A direct, private connecting
road was opened between the
container terminal and the
neighboring Chempark, which
is operated by Currenta, in
September 2013. The project,
which was carried out jointly
by Currenta and duisport, will

32 : 33

enable companies located at the Chempark to
transport their goods directly by rail via the shortest route. Thanks to this collaboration with Currenta, a significant portion of chemicals transport
is being shifted to rail. At the same time, as a result
of the direct access to duisport’s international network via logport III, the logistics offering is even
more attractive for the Chempark.
duisport grows with its customers

The Duisburg Kombi-Terminal (DKT)
recorded impressive growth of 35%
in 2013.

The new warehouse of the Japanese
logistics service provider NYK/Yusen
Logistics marks the fourth expansion
of the company, which was the first
customer to locate at logport I.

The Duisburg Kombi-Terminal (DKT) at logport I
recorded extraordinary growth in 2013. The intermodal terminal of the Swiss Bertschi Group
impressed with a growth rate of 35 percent. The
basis for this growth is a new strategy. Bertschi, a
chemical logistics company, has been developing the capacity at DKT itself for two
years. For example, it teamed up with LKW Walter to operate a new block train to
Ljubljana, Slovenia, with three weekly departures since September 2013. The direct
connection with no engine change from Germany via Austria to Slovenia and vice

versa is one of the most efficient solutions in the intermodal Bertschi network.
In addition to this new connection, the chemical logistics company is planning
another train for this year. In order to provide enough capacity for this, the warehousing space at DKT is to be expanded significantly in summer 2014.
The logport I location achieved another milestone in terms of growth during the
reporting period: the Japanese logistics service provider NYK/Yusen Logistics, the
first customer to establish a location at the site in 1999, has now carried out its
fourth expansion phase there with a new logistics facility. The 26,000-square-meter complex has a more than 6,000-square-meter hazardous-goods storage area
as well as a 10,000-square-meter cross-docking space, which primarily enables
the automobile industry and its suppliers to consolidate components and provide
just-in-time supplies to production plants throughout Europe and overseas. In
addition, the high value of the new logistics center for the Duisburg location can
be seen by the fact that some 100 new jobs were created here.
Another major customer also recently expanded at the port of Duisburg: on 10 April
2014, Benteler Distribution Deutschland (BDD) marked the breaking of ground for
the new central storage facility with a ceremony for its new high-bay warehouse.
Starting in 2015, this facility will have total space of 25,000 square meters and

Ceremony marking the breaking of
ground for the new central warehouse
of Benteler Distribution Deutschland at
the Port of Duisburg.
From left to right: Thomas Späth,
Benteler Deutschland GmbH; Joop
Sassen, Van Leeuwen Pipe and Tube
Group; Peter Rietberg, Van Leeuwen
Pipe and Tube Group; Dr. Jost A.
Massenberg, Benteler Distribution
International GmbH; Erich Staake;
Reinhild Schmidt, Benteler Distribution
Deutschland GmbH & Co. KG; Boris
Gleißner, Benteler International AG;
and Roger Gähler, central warehouse
project manager.

ANNUAL REPORT 2013 The Company

34 : 35

enable the storage of more than 20,000 metric tons of tubes.
Thus, BDD, a leading warehousing company and processor of
steel tubes and accessories, will be able to offer its customers
higher product availability, shorter delivery times, and bundled
services. The new, highly modern warehouse with a height of
25 meters and 10,000 cassette spaces will be Europe’s largest
high-bay warehouse and increase the competitiveness of BDD
significantly.
Important new establishment

CKD Audi

From left to right: Michael Neumann,
syncreon; Astrid Lühring, Volkswagen
AG; Erich Staake; Sören Link, mayor
of the city of Duisburg; and Jordan
Corynen, Goodman Germany GmbH, at
the opening of the Volkswagen logistics
center.

Following the establishment by AUDI AG of its new CKD (completely knocked down) center at logport II during the previous
reporting period, its parent company Volkswagen also opened
an export hub at the port of Duisburg in 2014. Built by real estate
developer Goodman, this location, which is located at the Kasslerfeld space directly next to the A40 highway, will supply VW’s
non-European production plants. Up to 1.8 million packages will

be handled here annually. The 24,000-square-meter complex is operated by the
logistics service provider syncreon, while duisport manages the overall transport
logistics, particularly the transport of containers via environmentally friendly
intermodal transport to the seaports of Rotterdam and Antwerp.

From left to right: Andreas Wagner,
Schnellecke Logistics; Dr. Michael
Hauf, AUDI AG; Garrelt Duin, North
Rhine-Westphalia Economics Minister;
Erich Staake; and Franz Rother, deputy
editor-in-chief of Wirtschaftswoche at
the dedication of the Audi CKD center
in August 2013.

This second significant establishment within a short period marks an important
step for duisport on the way to developing itself as a competence center for the
automobile industry. At present, there are more than half a dozen well-known
automotive companies established at the port of Duisburg. The new Volkswagen
logistics center also sends a labor and environmental message: the property itself
has environmentally friendly and cost-saving features. Thanks to the new location, some 230 new jobs are created in Duisburg.
The aforementioned CKD center for Audi at logport II was officially opened in
August 2013. AUDI AG’s largest CKD location in the world, which has 106,500
square meters of floor space and 53,000 square meters of warehousing space, is
operated by automobile logistics service provider Schnellecke Logistics. The complex, which has a total of five logistics centers, was designed and built by duisport.

ANNUAL REPORT 2013 The Company

36 : 37

From left to right: Prof. Thomas Wimmer, BVL; Dr. Malte-Maria
Münchow, Deka Immobilien; Prof. Hans-Christian Pfohl; Richard
Schwarze, Duisburger Hafen AG; Markus Teuber, Duisburger Hafen
AG; and Lars Otte, Schnellecke, at the Logix Award ceremony at the
Expo Real property trade fair.

At the Expo Real property trade show in October 2013
it received the Logix Award, the German logistics property award. This award is presented every two years to
logistics properties that meet the demands of users
and investors in large measure and also excel with
respect to urban planning, social, and environmental
considerations. In addition, the property was given
a silver DGNB certificate by the German Sustainable
Building Council.
The CKD center is also exemplary in environmental
and economic terms, thanks to the establishment of
the company Thimm Schertler Verpackungssysteme
alongside logistics services provider Schnellecke. The
direct proximity of the two partners enables them to
shorten transport routes considerably. This becomes
all the more apparent as Thimm Schertler also provides supplies to the new
Volkswagen CKD center. This is a persuasive example of how the concept of networked logistics can be implemented both to the economic benefit of the companies involved and to the benefit of the environment.
International praise
From left to right: Sören Link, mayor of
the city of Duisburg; Sigmar Gabriel,
Federal Minister for Economic Affairs;
Xi Jinping, president of the People’s
Republic of China; Hannelore Kraft,
Premier of the State of North RhineWestphalia; and Erich Staake at the
arrival of the Yuxinou train.

There was a large reception when Chinese President Xi Jinping visited on 29
March 2014, and duisport was the only company on his European tour. The focus
of the visit, during which the state guest was accompanied by Federal Minister for Economic Affairs and Energy Sigmar Gabriel and Premier of the State of
North
Rhine-Westphalia
Hannelore Kraft, was the
arrival of the Yuxinou train,
which connects the cities of
Chongqing and Duisburg in
just 16 days.
The Yuxinou train is a symbol of the “new Silk Road”
for the Chinese government.
The visit by Chinese President Xi Jinping underscores
the enormous importance
that China accords North
Rhine-Westphalia as an eco-

ANNUAL REPORT 2013 The Company

nomic and logistics location. In his official remarks, Chinese Minister of Commerce
Gao Hucheng emphasized the irreplaceable role that Duisburg plays as a starting
and stopping point of the train in the transport of goods between Germany and
China. The minister announced that the connection would be expanded further.
This is proof that the Yuxinou train promises to be not only an effective train system but also a symbol of a new level in the trading partnership of the two countries, especially as the port of Duisburg is the only port in Europe to offer multiple
transcontinental train connections to China.

Accompanied by Vice-Chancellor
Sigmar Gabriel and Premier of the State
of North Rhine-Westphalia Hannelore
Kraft, Erich Staake welcomes Chinese
President Xi Jinping, who paid a visit
to the Port of Duisburg on his trip to
Europe.

Showcase project: Jebel Ali
The international esteem that Duisburg enjoys was also demonstrated during
the reporting period by the master plan prepared for the hinterland connection of
the port of Jebel Ali in Dubai. Working on behalf of DP World, the world’s leading

38 : 39

port operator, duisport developed an integrated hinterland plan for fast and efficient loading and unloading of what is now the ninth largest container port in the
world. As a distribution center for the Arabian Peninsula and parts of Asia, Jebel Ali
serves a market of almost two billion people. With the commencement of operations at the new terminal, the port will have a total capacity of 19 million TEU, with
the ability to simultaneously handle up to ten of the new mega container ships
with 15,000 TEU and more. This shows the importance of an intelligent hinterland connection. The plan prepared by duisport focuses in particular on the development of the port via rail and the associated connection with the hinterland of
Dubai, which is experiencing strong industrial growth. Thanks to its experience as
the operator of Europe’s largest hinterland hub, the experts from duisport worked
largely from the point of view of the user and thus were able to integrate many
practical elements in the master plan. The results of the study were presented to
DP World at the end of 2013 and now serve as the basis for the development of an
efficient transport connection to the hinterland of the port of Jebel Ali.
Other international activities
From left to right: Ismail Ertug, Member
of the European Parliament; North
Rhine-Westphalia Minister of Transport
Michael Groschek; Dr. Renate Sommer,
Member of the European Parliament;
Dr. Matthias Ruete, Director-General
of GD MOVE, European Commission;
and Erich Staake at a joint event at the
representation of the State of North
Rhine-Westphalia in Brussels.

ANNUAL REPORT 2013 The Company

The expansion of international activities was also on the agenda at duisport
packing logistics GmbH (dpl). For example, dpl is now represented in Rotterdam
in addition to its location in Antwerp in order to cover the Dutch market. There
has also been progress in Asia: dpl India, which was established at the beginning
of 2013, is currently developing its services from local packing at customer locations to a consolidation facility, at which the flow of goods
of various customers will be
collected and managed centrally. This hub concept, which
dpl also uses in European
countries, will be simultaneously introduced at dpl China.
There, at its locations in Wuxi
and Shanghai, its packing
activities have already been
rounded out with crate production. In addition, the customer base has been broadened and, with internal staff,
a healthy basis has been created for comprehensive operations in the Shanghai and
Jiansu regions.

Successful participations
For the companies in which Duisburger Hafen AG participates, the course of business was, on the whole, positive during the reporting year. For example, the two
participations in the area of chemical logistics, Umschlag Terminal Marl GmbH &
Co. KG (UTM) and Tarlog GmbH, were successful with their activities in the market.
In addition, we made progress in the implementation of the logport ruhr strategy together with our partner RAG Montan Immobilien GmbH. The marketing of
the former coal storage facility in Kamp-Lintfort for logistics establishments is
in full swing, with expectations that initial establishments will be made by 2015.
The 30-hectare logport IV is specially designed for companies in value-creating
logistics and contract logistics as well as trading and production companies with
special logistics needs. With the port of Duisburg, companies that set up here will
receive an optimal connection to the international service and distribution network.
With the recent participations in the French E.I.L.S. – Emballages Industriels Logistique & Services and in Weinzierl Industrieverpackungen, dpl successfully carried
out its first joint projects during the reporting period. Thus, dpl has expanded its
geographic presence and can now operate more strongly in the Southern German
and French spheres on the basis of these two participations. Due to this develop-

The logport family is growing: in
addition to expansions at logport I, II,
and III, the marketing of the 30-hectare
site logport IV in Kamp-Lintfort is in
full swing.

40 : 41

ment and the increased activities in Asia, dpl can now look to the future with optimism. This is especially the case now, as it can point to comprehensive coverage
in Germany for the first time, something that only very few other companies can
claim to do. Worldwide, dpl now has its own operations in some 20 locations.
Innovative partner in research, science, and training

The convention “Location advantage for
NRW – industry and logistics – partners
with perspective” took place in September 2013.

The interconnection of industry and logistics, which is an essential factor for the
competitiveness of the German economy, was the key topic of the convention
“Standortvorteil NRW” (Location advantage for NRW) organized by the “Initiativkreis Ruhr” in Dortmund and held on 2 September 2013. With the subheading
“Industry and logistics – partners with perspective,” the aim of the event was to

take stock of the Future Ruhr 2030 strategy,
which the Initiativkreis presented in 2007.
At the time, energy, raw materials, and logistics were identified as the drivers of new
growth momentum. This is a role that logistics has already met, if not exceeded, as the
convention demonstrated. And it did so with
a particular focus in and on the port of Duisburg, which, as one of 70 leading companies,
has long been involved in the Initiativkreis
Ruhr.
As the then-cohost of the Initiativkreis Ruhr,
Erich Staake, confirmed, it was possible to
achieve clear results in close connection with
regional research and development organizations. These include, among other, the following: in the area of energy, 127 individual projects
that have been combined in Bottrop to create
Innovation City; in the raw materials sector,
the Ruhr-Universität Bochum institute ICAMS; and in logistics, the “EffizienzCluster­
LogistikRuhr”, which, with 160 participating companies and 20 research organizations from the region, is the world’s strongest and most successful association of
logistics companies and the world’s largest research logistics center.

From left to right: Dr. Klaus Engel,
Evonik; Reinhold Schulte; Signal-Iduna;
Erich Staake; and Bodo Hombach,
former moderator of the Initiativkreis
Ruhr.

In this connection, the North Rhine-Westphalia Minister for Economic Affairs,
Energy and Industry Garrelt Duin praised the success of the association in various economic areas, especially logistics for industrial production, and cited the
establishment of the Audi logistics center at the port of Duisburg as an exceptional example with which the ruhr area will expand its leading function in a key
industry.
A research project that promises to have a direct impact in the operational area
has now been completed successfully as part of the EffizienzCluster LogistikRuhr
initiative. The result, following three years of development, is a new cloud-based
platform called Multimodal Promotion (MMP). This analysis and planning tool
makes access to multimodal transport easier, particularly for small and medium-­
sized transport companies. This is because MMP makes it possible to compare
alternative transport streams easily and quickly and to use this as the basis for
building sustainable, cost-efficient, and reliable logistics chains. The platform
was developed as part of a partnership of the duisport Group with the Fraunhofer

ANNUAL REPORT 2013 The Company

42 : 43

Institute for Material Flow and Logistics (IML), Dortmunder Hafen AG, and VCE
Verkehrslogistik GmbH.
“The WiWeLo – Wissenschaftliche Weiterbildung in der Logistik” (scientific training in logistics) research project was likewise completed in September 2013 as part
of the EffizienzCluster LogistikRuhr initiative. The project, which ran for three years
and on which duisport worked with a number of partners – including the University of Duisburg-Essen and the FOM University of Applied Sciences – aimed to
develop innovative qualification tools. The most important result was the founding of DIALOGistik Duisburg e.V. as a central service and information point in 2012.
Other important products and results of the WiWeLo research project include the
professional training program at the University of Duisburg-Essen to become a
certified multimodal logistics expert, the development of a statutory regulation
and a framework curriculum for qualification as an expert in inland navigation,
and the logistics-sector training monitor to observe processes and developments
in the regional economy and the regional labor market. These and other results
of the research project show how research work can be implemented in practice,
which leads to added value for companies and their employees.

developed in accordance with the TOP (technical, organizational, and personnel)
method. As a result of the research project, which was started in September 2010,
there is now a manual with recommendations for courses of action. The publication, called “Sicherheit produzieren – Handlungsempfehlungen zur Sicherung
der Transportkette” (Create security – recommendations for acting to secure the
transport chain), is available online at www.seflog.de.
All of these projects were carried out as part of a collaborative effort between
research organizations and private companies. This shows that in order to create a forward-looking perspective, the networking of research organizations and
industry at the strategic level is just as essential as the networking of industrial
companies and logistics companies at the operational level.
A team for the future in the fast lane
The stable development of business at the duisport Group in recent years has had
an impact on the number of our employees. For example, we were able to increase

Our employees are not only highly
motivated in their work but also in their
passion for football. The result? Our
company team won the duisport cup in
June 2014.

The SefLog research project was successfully completed at the end of 2013. Managed by duisport and funded by the German Federal Ministry of Transport, this
project aimed to increase the security of container transport chains and, in the
process, to optimize logistics processes. To this end, corresponding measures were

Run by duisport and funded by the Federal Ministry of Transport, the SefLog
research project to examine safety in
container transport chains was concluded successfully at the end of 2013.

ANNUAL REPORT 2013 The Company

44 : 45

A great honor for Duisburger Hafen
AG: the company is among the best
employers among medium-sized
German companies and it won the TOP
JOB award as a result.

our staff in 2013 by around eight percent compared to the year before, with an
average of 920 employees. This year, we will exceed the 1,000-employee mark for
the first time.
Just as positive as the change in the number of employees is the TOP JOB seal that
was recently awarded to Duisburger Hafen AG. This seal, which has been given out
since 2002, honors medium-sized companies in Germany for being exceptional
employers. The award is presented on the basis of an HR and employee survey as
well as a scientific evaluation of personnel work.

From left to right: Erich Staake; Bärbel
Bergerhoff-Wodopia, RAG-Stiftung;
North Rhine-Westphalia Economics
Minister Garrelt Duin; Pinar Atalay;
Michael Schmidt, BP Europa SE; Dr.
Heinrich Hiesinger, ThyssenKrupp AG;
and Reinhard Pass, mayor of the city of
Essen.

In order to ensure that the entire region as well as our company has well-trained,
skilled employees and managers in the future as well, duisport is actively involved
in training and further education. For example, we trained on average 29 apprentices in the job categories business management, management for transport and
logistics services, real estate management, and specialist for storage logistics –
once again well beyond our own needs. In addition, we have a strong focus on the
development of our staff and have a wide range of commitments in the area of
promoting staff and young talent. One example is the TalentMetropole Ruhr ini-

tiative, which combines the activities of companies, universities, and institutions
in order to guide and support young people on their path to a professional career.
The project, which is supported by Initiativkreis Ruhr, recorded two significant
achievements in 2013. First, Bundestag President Dr. Norbert Lammert took over
the sponsorship of TalentMetropole Ruhr. Second, the inaugural TalentAward
Ruhr was presented in December 2013; the award recognizes those who are particularly dedicated to the promotion of young talent.
The usefulness of a network of partners also in personnel policy is revealed by
the initiatives of DIALOGistik Duisburg and by the work placement service offered
by Jobcenter Duisburg. The work placement service, which includes training and
qualification opportunities, assists job seekers in finding employment. Both the
duisport Group and our customers at our locations benefit from this. DIALOGistik Duisburg initiated its new “Talentpool” program at the end of 2013. This program involves a Web-based closed network, which allows affiliated companies
to recommend and recruit suitable candidates. The principle behind it is rather
than simply rejecting second- and third-choice candidates, as before, to introduce
them via the pages of the talent pool and thus recommend them to other companies in the network. Thus, the members of the DIALOGistik network are mutually
strengthened.
With initiatives such as these and others, the duisport Group is implementing
a long-term HR strategy. The aim is to ensure that highly motivated employees
remain with our company for the long term through
appropriate work structures (e.g. in terms of physical
and mental stress, work-life balance, working-time
models, etc.), human resources management (working environment, management style, etc.), and staff
development (qualification and career path development).

As a sign of successful structural
change, a commemorative plaque was
laid at logport I at the historic Gate 1
of the former steel plant in October
2013, with ThyssenKrupp AG CEO Dr.
Heinrich Hiesinger in attendance. It is a
reminder of a century of steel production in Duisburg-Rheinhausen and of
the transformation of the area into a
logistics center.

Social commitment
In addition to its efforts on behalf of staff and talented young employees in the region, duisport’s commitment has long extended to the next generation
of talent in schools. As part of the “Dialog mit der
Jugend” (dialog with youth) event organized by the
Initiativkreis Ruhr, now in its ninth year, three senior
classes from Essen, Bochum, and Mülheim an der Ruhr
came to Duisburg in order to learn about the largest
inland port in the world and find out about training

ANNUAL REPORT 2013 The Company

46 : 47

The duisport Group also assumes social responsibility outside of its main business. As a company with a strong regional influence, it does this mainly in the
form of regional funding projects in the area of children and youth sponsorships.
For example, duisport once again served as the “Hauptsponsor Jugend” (main
sponsor for youth) of the women’s Bundesliga team FCR 2001 Duisburg, which
became part of MSV Duisburg at the beginning of 2014.
With its various projects, the duisport Group aims to contribute to the ability of
young people to develop their talents optimally so that they can participate as
valuable team players and future key players in our region.

At the dialog with youth event, which
was organized by Initiativkreis Ruhr,
Erich Staake answered questions posed
by students of three upper-level classes
from the Ruhr area.

opportunities at the duisport Group. Of particular interest for the young people
was the personal meeting with CEO Erich Staake. He happily answered the many
questions asked by the students in order to make the topic of logistics tangible
for them and thus to spark a sense of curiosity and interest in the logistics sector.
Our unique commitment also applies to university students – for example, in the
form of a scholarship: the duisport-Stipendium. In addition to financial support
as part of the UDE and Germany scholarship, this offers students at the University of Duisburg-Essen the opportunity to complete an internship at the duisport
Group. In this way, students receive valuable insight into the practical aspects of
logistics. For our company, the scholarship is a good way to interest dedicated and
motivated young people in this field and in doing so also attract young talent to
Duisburg and the region.

ANNUAL REPORT 2013 The Company

The duisport Group serves as the main
sponsor for youth of the women’s Bundesliga team FCR 2001 Duisburg.

48 : 49

Table of contents

ANNUAL REPORT 2013 Group Report

50
52
52
52
53
55
56
59
61
61
61
62
62
63
63
64
66

Group Report	
	
I. 	 Fundamentals of the Group	
	
II. 	Financial report	
			 1.	 Framework conditions	
			 2.	 Presentation of net assets, financial position, and results	
			 2.1	 Infrastructure and suprastructure business segment	
			 2.2	 Transportation and logistics services business segment	
			 2.3	 Packaging logistics business segment 	
			 2.4	 Shareholdings 	
			 2.5	 Investments 	
			 2.6 	 Employees	
			 2.7 	 General statement on business performance 	
	
III. Supplementary report	
	
IV. Forecast, risk, and opportunity report	
			 1.	 Risk and opportunity report		
			 2.	 Forecast		
	
V. 	Declaration pursuant to Section 312, Paragraph 3, AktG	 	
	
Annual financial statements 	
Duisburger Hafen Group 	
	
Duisburger Hafen Aktiengesellschaft 	
	
Consolidated notes and notes on the financial statements of
	
Duisburger Hafen Aktiengesellschaft 	
	
Audit opinion 	
	
Shareholders 	

88
112
114

Imprint 	

116

Port map	

117

69
70
80

50 : 51

Group Report
I. FUNDAMENTALS OF THE GROUP
Duisburger Hafen AG is the holding and management company of the Port of Duisburg, the largest
inland port in the world. Furthermore, the duisport Group is an innovative provider of tailored
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 promise through its structure:
the business segments infrastructure and suprastructure, transportation and logistics services, and
packaging Logistics.
The company structure of Duisburger Hafen AG
changed in 2013 as follows: the Federal Republic
of Germany sold its stake of 33.3% to the holding
company of the State of North Rhine-Westphalia,
which now holds a stake of 66.6%. The City of
Duisburg continues to hold the remaining 33.3%.

II. FINANCIAL REPORT
1. Framework conditions
As a result of lingering economic weaknesses in
the euro zone, the global economy did not pick
up speed in 2013. Momentum mainly came from
emerging markets. According to calculations by
the International Monetary Fund (IMF), the global
rate of growth for 2013 was 3.0%; it forecasts a
growth rate of 3.7% for 2014.
In particular, among the world’s biggest growth
drivers in 2013 were China, with a growth rate of

7.7%, and India, with a growth rate of 4.4%. The
two countries thus made an outsize contribution
to global growth.
According to the IMF, the euro zone contracted
by 0.4% in 2013. The euro zone is expected to see
modest growth of 1.0% in 2014.
According to the IMF, the growth of the German
economy was lower in 2013 than it was in the year
before. Based on preliminary figures for 2013, the
real rate of GDP growth was 0.5% total, far below
the previous year’s level of 0.9%. Growth of 1.6% is
forecast for 2014.1
	
German exports felt the effects of global economic weakness in 2013. According to information
from the Macroeconomic Policy Institute (IMK),
German exports were stagnant, growing by 0.1%.
German exports are expected to grow by 4.5% in
2014. Imports only grew by 1.0% in 2013. By contrast, imports are forecast to increase by 6.1% this
year.2
With some 2.8 million employees, the logistics sector generated around 225 billion euros in sales in
2012, according to the Bundesvereinigung Logistik (BVL). Sector experts expect the total logistics
market to achieve average nominal growth of
3–4% annually over the next several years, with
logistics service providers seeing a higher increase
than transport companies.
As the Federal Statistical Office (Destatis) reported,
freight traffic in Germany increased in 2013.
According to the report, transport volume climbed
by 0.8% over the previous year to 4.3 billion metric
tons. Thus, moderate economic growth also had an
impact on the transport of goods.

According to an estimate by the Federal Ministry of
Transport and Digital Infrastructure, some 3.3 billion
metric tons were transported on Germany’s roads in
2012 – a 0.9% increase compared to the year before.
Road transport also represented the highest share
of transport volume (77%) in 2013.
At +1.7%, inland shipping showed the strongest
growth among the various modes of transport.
The volume of goods transported via this method
grew to 227 million metric tons. Rail transport grew
by 0.8% in 2013, with 369 million metric tons transported by rail. At 4.3 million metric tons, airplanes
transported as much freight in 2013 as in the previous year.
By contrast, the volume of goods transported by
water fell for the first time since the economic and
financial crisis in 2009, falling by 0.6% to 293 million metric tons compared to 2012.3

2. Presentation of net assets, financial
position, and results
The duisport Group increased its revenue4, including revenue from strategic investments, from 159.8
million euros in the previous year to 175.4 million
euros (of which revenue from strategic investments amounted to 14.6 million euros) in the
reporting year, and is thus slightly above the forecast range for 2013 of 170 to 175 million euros.

The EBITDA5 improved by 1.2 million euros to 30.1
million euros in 2013 (2012: 28.9 million euros). A
clear and sustainable increase in value can thus
be seen in the last 15 years. The result from ordinary activities is 13.9 million euros, and this is significantly above the forecast from last year, which
predicted profits from ordinary activities of at least
10 million euros.

175.4 m. euros

Sales4 of the duisport Group in the
2013 reporting year.

In the infrastructure and suprastructure business segment, the duisport Group had turnover5
amounting to 45.7 million euros (2012: 40.2 million
euros). The increase of 13.7% resulted from new
settlements and new leases at a continued stable
level of rental prices at the location. The warehousing space of the duisport Group was almost fully
occupied, as in the previous year.
In the transportation and logistics services business segment, turnover5 increased significantly in
2013 by 24.0% to 53.9 million euros (2012: 43.5 million euros). This is mainly down to the increased
transport volumes in the container sector. If all
means of transport are included, container handling at ports of the duisport Group in 2013 totaled
3.0 million TEU (2012: 2.6 million TEU).

	  Source: IMF World Economic Outlook Update dated 21 January 2014.
	 Source: IMK: New IMK economy forecast dated 16 December 2013.
3
	 Source: Destatis, press release no. 041 dated 7 February 2014.
4
	 Revenue including capitalized own services and changes in inventory.
5
	  Profit before interest and taxes and amortization of goodwill and other assets.
1

2

ANNUAL REPORT 2013 Group Report

52 : 53

Container handling by the duisport
Group rose in 2013 to a total of
3.0 million TEU, from 2.6 million TEU
the year before.

In 2013, the packaging logistic business segment
recorded turnover5 of 58.4 million euros, which is
6.6 million euros more than in 2012 (51.8 million
euros). This development is mainly down to the
first-time inclusion of the newly acquired Weinzerl
companies.
The decline of other turnover from 14.3 million
euros to 2.8 million euros is primarily due to the
fact that last year this position included the sale of
a logistics building.

340.9 m. euros

Total assets of the duisport Group
rose by 10%.

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 total balance sheet of the Group rose by 10.0%,
from 310.1 million euros to 340.9 million euros. In
the infrastructure business, the majority of assets
are tied up over the long term as fixed assets, such
real estate, buildings, and port infrastructure. At
86.0% (2012: 84.1%), investment intensity remains
the dominating factor of the balance sheet structure.
By contrast, current assets decreased to 48.3 million euros (2012: 49.1 million euros). On 31 December 2013, the equity ratio of the duisport Group
was 34.8% (31 December 2012: 36.6%). Despite the
good Group results, this decline is primarily attributable to the distribution in the reporting period of

ANNUAL REPORT 2013 Group Report

dividends for 2012, amounting to 3.0 million euros,
as well as increased investment activities and the
resulting increase in the loan portfolio.
During the past financial year, the duisport Group
spent 49.7 million euros on tangible asset investments and financial investments (gross) (2012:
25.9 million euros). This increase primarily resulted
from the Audi project at logport II, which was
implemented in 2013, and first advance payments
for a number of investment projects, which will be
completed in 2014.
The investments were financed from cash flow and
by taking out short and long-term loans. Variable
rate loans were hedged using interestrate swaps.
Compared to the previous year, net liabilities to
banks, including current asset securities, rose by
29.5 million euros. The credit conditions underlying
the loan portfolio of the duisport Group remain
almost unchanged compared to the year before.
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 22.0 million euros
(2012: 18.4 million euros). The main reasons for this
are the increased write-downs in connection with
the intensive investment activity in recent years as
well as higher long-term provisions.
Cash flow from investment activities decreased
from –15.1 million euros to –52.3 million euros due
to the increased investments in 2013. Against the
background of the increased investment level and
the associated higher loan requirement in 2013,
cash flow from financing activities increased to
24.5 million euros (2012: –1.6 million euros).
At 33.6 million euros, revenues in the annual financial statement for Duisburger Hafen AG were

6.1 million euros higher than last year and thus
above the value forecast of at least 25 million
euros. While the annual profit of 7.4 million euros is
0.7 million euros below the previous year’s value, it
is within range of the value of more than 7 million
euros predicted last year.
Sales and income were positively influenced by a
settlement agreement with a customer and the
assumption of the facility management area of a
subsidiary. This was mainly offset by increased provisional charges for maintenance measures.
The equity ratio of Duisburger Hafen AG decreased
from 35.0% to 33.0% compared to the previous
year. The increased equity capital is accompanied
by a balance sheet that is disproportionately higher
by around 28.7 million euros. This is mainly due to
sharp increases in loans to subsidiaries during the
reporting year in connection with the increased
investment activity of the duisport Group.

2.1 Infrastructure and suprastructure
business segment
In 2013, the turnover5 of the infrastructure and
suprastructure business segment increased by
13.7% to 45.7 million euros (2012: 40.2 million euros).
In the infrastructure business division, the turnover4 resulting from the lease of commercial premises increased by 12.3% to 29.0 million euros (2012:
25.9 million euros).

As in 2012, marketing performance was extraordinarily high in the 2013 financial year, at around
264,000 m2. Following the acquisition of Audi AG
in 2012, with the establishment of their largest CKD
(completely knocked down) center in the world at
logport II, 2013 saw another success in the auto
sector with VW. The opening of the VW CKD center
at the Duisburg-Kasslerfeld location took place in
March 2014. In addition, the space for long-standing customer NYK / Yusen Logistics (Deutschland)
GmbH was also expanded further in 2013. Parts of
the coal island that were returned by RBH Logistics
GmbH were taken over by the duisport Group in
the last financial year and reopened for the import
of coal. As a new logistics offering, the space can
thus now continue to be used for port-related
activities and the location maintained for the longterm goods handling.
The turnover in the suprastructure business division comprises the lease of warehousing space and
other suprastructure facilities for logistical purposes. In 2013, this amounted to 16.6 million euros,
which is 16.1% more than the level of 14.3 million
euros from the previous year.
This is primarily due to the new construction warehousing space, including for the CKD business of
Audi at logport II as well as for NYK / Yusen Logistics at logport I. The attractiveness of the location
is also revealed by the current image ranking of
German transport magazine VerkehrsRundschau,
according to which the Duisburg/Ruhr region is
among the top three logistics regions in Germany,

	 Revenue including capitalized own services and changes in inventory.
	  Profit before interest and taxes and amortization of goodwill and other assets.
6
	 Source: VDMA, press release dated 17 December 2013.
4
5

54 : 55

While bulk cargo handling declined
in 2013 – not least because of the
development of the coal island –
general cargo recorded an increase
to 18.3 million metric tons.

ahead of Munich and Bremen/Bremerhaven. The
Port of Duisburg now has more than 2 million m2
of covered storage area available, which is used by
the 300 companies based in the port.

of 16.0 million metric tons with 16.3 million metric
tons in 2013. Truck transport (prehaulage and posthaulage) declined in 2013 to 30.7 million metric
tons (2012: 31.3 million metric tons).

Containers (including roll-on and roll-off goods)
were again the strongest goods group with a proportion of 46% of all ship and railway handling
(2012: 39%).

2.2 Transportation and logistics services
business segment

The results of combined transport improved once
again. Container handling by ship, rail, and truck
grew by 16.2% to 3.0 million TEU (2012: 2.6 million
TEU) and thereby reached yet another record high.

If all means of transport are included, general
cargo handling reached a total of 3.0 million TEU
in the ports of the duisport Group in 2013. Ship and
rail container handling (including roll-on and rolloff goods) were increased by 12.5 million metric
tons to 14.5 million metric tons. Converted into the
standard measure of container cargo capacity, the
twenty-foot equivalent unit (TEU), ship and railway
container handling reached 1.5 million TEU (2012:
1.3 million TEU), which corresponds to an increase
of about 14%. As with last year, a total of 0.4 million
TEU were transported by ship in container transport. Combined railway transport increased by
about 21% to 1.1 million TEU (2012: 0.9 million TEU).

In the transportation and logistics services business segment, turnover5 increased significantly in
2013 by 23.7 % to 53.9 million euros (2012: 43.5 million euros).

123.2 m. metric tons
Cargo was handled through the port of
Duisburg, including at private ports.

Including the private commercial ports, 123.2 million metric tons of goods were handled in the
entire Port of Duisburg in 2013 (2012: 110.0 million
metric tons). The increase was largely due to the
transport-related recovery of private commercial
ports, which suffered a sharp decline in 2012 as a
result of the poor performance of coal and steel on
the back of economic developments.
In the duisport Group’s ports, the transport volume
handled by ship, rail, and truck dropped by 2.1%
from 63.3 million metric tons in the previous year
to 62.0 million metric tons in 2013. This is mainly
the result of a decline in coal and resulted from the
cessation of RBH activities on the coal island.
Goods transport by ship decreased in 2013 from
16.0 million metric tons in the previous year to 15.0
million metric tons. In contrast, railway transport
was able to surpass the result of the previous year

ANNUAL REPORT 2013 Group Report

Bulk goods
During the past financial year, bulk goods handling
by ship and by railway decreased from 15.4 million
metric tons in the previous year to 13.0 million metric tons.
At 5.6 million metric tons, (imported) coal fell
sharply (2012: 7.6 million metric tons). As previously
noted, this was the result of the withdrawal of RBH
from the coal island. In the mineral oils and chemicals segment, the level of the previous year of 5.2
million metric tons was nearly maintained in 2013
with a handling volume of 4.8 million metric tons.
The scrap/other goods segment also had a comparable handling level with 1.4 million metric tons
(2012: 1.6 million metric tons). In the stone/earth/
building materials segment, handling rose slightly
to 1.1 million metric tons (2012: 0.9 million metric
tons).

central marketing and sales company of the duisport Group, the duisport agency GmbH (dpa)
responded to this market situation, on the one
hand, by initiating a full review of the internal
offering and instituting strict cost controls. On the
other hand, dpa relies more heavily on intelligent
and creative logistics approaches in the form of
combined rail-and-barge solutions. In doing so, it
further increased its rail offering in key European
corridors. A particular emphasis in this regard was
placed on Scandinavia.
duisport continued to invest in regional rail offerings in order to position these for the long term
and to improve the rail network of the Ruhr area.
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.

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.

Another focus was on the new marketing of the
coal island in Duisburg-Ruhrort. The existing facilities there have once again been used for coal handling since September 2013.
In 2013, the company showed sales revenue of
42.9 million euros (2012: 35.7 million euros) and
achieved better results than in the previous year.

duisport agency
duisport facility logistics
General cargo handling
General cargo handling by ship and by rail rose
in 2013 in the ports of the duisport Group to 18.3
million metric tons (2012: 16.6 million metric tons).
The iron, steel, and nonferrous metals segment
showed a decline with a handling volume of 3.8
million metric tons (2012: 4.1 million metric tons).

Once again in 2013, the transport markets were
subjected to immense pricing pressure with
regard to general economic development. As the

Following internal Group restructuring measures,
the facility management and project management­

	  Profit before interest and taxes and amortization of goodwill and other assets.

5

56 : 57

The duisport Group operates the Heavylift
Terminal Duisburg along with two heavy cargo
freight forwarders.

Public rail transport company duisport rail
GmbH recorded a slightly higher result in 2013
than it did the year before.

business divisions were transferred from duisport
facility logistics GmbH (dfl) to Duisburger Hafen
AG and duisport consult GmbH.
With this reorganization, dfl in its current form
now focuses on port logistics services and thus
handling operations at various terminals.
Particular focuses in 2013 were the commencement of operations of the bimodal terminal logport III, the start of the Audi business at logport
II, and the resumption of operations on the coal
island. In addition, the sale of desiccants under the
brand name “duisbox” was expanded successfully.
In 2013, the company showed sales revenue of 7.4
million euros (2012: 38.9 million euros). The high difference to the previous year is the result of the transfer of business fields to other Group companies.

duisport rail
The public railway operating company duisport
rail GmbH (dpr) concentrates on local and regional
traffic. In this regard, dpr has taken over transport 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
consists of works management and route traffic.
In 2013, the company showed sales revenue of 9.7
million euros (2012: 8.0 million euros) and achieved
slightly better results than in the previous year.

In the preparation of independent offers, dpc relies
on the expertise of the duisport Group and 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.
At the start of the 2013 financial year, dpc also took
over the project management of dfl and now oversees national construction and maintenance projects implemented on behalf of customers.
Its most significant projects in 2013 included the
expansion of the DIT surface area at logport I and
the connecting road to the neighboring Chempark
in connection with the intermodal terminal logport III. The services of dpc are essentially related
to planning, construction management, and project management work.
In addition, engineering and project management
measures for several port-related projects were
carried out.
In the 2013 financial year, dpc had overall results of
4.9 million euros (2012: 0.3 million euros) and positive annual results.

Heavylift Terminal
The Heavylift Terminal Duisburg is operated by
duisport – with a stake of 51% – together with two
heavy goods shippers as Heavylift Terminal Duisburg GmbH (HTD). The 2013 turnover and results
were lower than the level of the previous year.

2.3 Packaging logistics business segment
Some 450 employees work in the packaging
logistics business segment. Besides independent
companies both locally and abroad, it comprises
numerous subsidiaries and operating units. Packaging logistics is an integral component of the
portfolio of the duisport Group. In addition to complementing the existing infrastructure and suprastructure offer, it also expands the range of logistics
services offered.
With its positioning in the packaging and project
logistics division, the duisport Group has created
a strategic 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.
In 2013, the focus was on integrating the activities
in Southern Germany and Asia. Furthermore, additional measures for the offer of air-freight safety
checks were implemented at the Duisburg location.
The turnover4 of the packaging segment amounted
to 58.4 million euros during the reporting period.
While this rose by 6.6 million euros over the value
from the previous year of 51.8 million euros, it must
be taken into account that the sales revenue from
Weinzierl Verpackungen GmbH (from 1 January
2013), duisport packing logistics India Pvt. Ltd., Integrated Project Services GmbH (from the establishment of the companies in the first half of 2013), and

Holz Weinzierl Fertigungen GmbH & Co. KG (from 1
July 2013) is being reported for the first time.
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.

83,000 square meters
Space for packaging services at the
locations in Duisburg, Essen, and
Sendenhorst.

With 26,000 m2 of covered storage area and
57,000 m2 of open space at the Duisburg, Essen,
and Sendenhorst locations as well as high-tech
equipment, dpl offers one of the most modern
European packaging operations for the capital
goods industry. This is also connected trimodally
via the Port of Duisburg. Additional locations are
maintained in Hamburg, Antwerp, and Rotterdam
(since January 2014).
With respect to dpl, the 2013 financial year was
characterized by low order entries as a result of
the general uncertainty of the market situation
for plant and machinery engineering. In addition
to insufficient demand for packaging services,
the high level of competition among plant and
machine builders, ongoing turbulence in the finan-

duisport consult
duisport consult GmbH (dpc) develops customer­oriented logistics and port concepts.

ANNUAL REPORT 2013 Group Report

	 Revenue including capitalized own services and changes in inventory.

4

58 : 59

Committed and highly focused at work – that
has been the experience of duisport Group
with its employees, whose numbers are set to
pass the 1,000 mark in 2014.

duisport packing logistics GmbH has one
of the most modern European packaging
operations for the capital goods industry.

cial market, high commodities prices, and the waitand-see attitude toward investments continue to
have a negative impact on the development of
results. After a slow start due to a high degree of
uncertainty within machinery engineering at the
start of the year, better performance figures were,
however, achieved during the course of implementing large projects. In addition, internal cost
reduction and efficiency improvement measures
formed the basis for a significant improvement of
the company’s final result.
With varying business trends, duisport packing
logistics GmbH had overall results of 33.1 million
euros (2012: 39.5 million euros). The company
achieved a slightly positive annual result.
dpl Chemnitz GmbH further expanded its competitive position regionally in 2013. Overall, there was
stable order utilization, with overall results of 9.4
million euros in the 2013 financial year. The company once again had a positive annual result.
In view of the future international structure of the
dpl Group, the groundwork for further expansion
was laid in 2013. Besides the expansion of the location in China (Shanghai/Wuxi), the business activities of the joint ventures for packaging capital
goods and project logistics in India were initiated.
The duisport Group has also offered packaging
services in Southern Germany since the start of
2013. In addition, shares in the company Weinzierl Verpackungen GmbH amounting to 51% were
acquired. There was then a joint market launch
in conjunction with dpl Süd GmbH. In addition,
another large customer was acquired in 2013, as a
result of which turnover increased significantly.

ANNUAL REPORT 2013 Group Report

Another focal point 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, Weinzierl-Beteiligungs-GmbH, and Omnipack GmbH were acquired
in 2013.
The operational business processes of the Weinzierl companies were started by duisport at the
beginning of 2013 and will be expanded further
during the course of the current year.
With a 29% stake in the French industrial packaging company E.I.L.S. Emballages Industriels
Logistique & Services (SAS), the duisport Group is
represented in the packaging logistics business in
France as well.
Integrated Project Services GmbH (IPS), the joint
venture with Ferrostaal, was established in 2013.
Business development was characterized by
restrained project business.

2.4 Shareholdings
In the 2013 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, it
is engaged in the development and marketing of
logistics real estate in the Ruhr region via its shareholding in logport ruhr GmbH. Furthermore, there
are joint ventures with industrial and business partners for further expanding strategic business areas.

2.5 Investments

2.6 Employees

In terms of fixed asset and financial investments,
the duisport Group, with 49.7 million euros (2012:
25.9 million euros), achieved an investment level
that was 23.5 million euros higher than the year
before. At around 45 million euros, the most significant investment focus in 2013 was the port suprastructure, which included distribution centers, terminals and crane equipment.

During the 2013 financial year, an average of around
920 staff (including apprentices and contract personnel) were employed by the duisport Group. This
represents an increase in the level of employment
by about 8% compared to the previous year (850
employees).

The operational startup of the logport III terminal
was among duisport’s most important projects in
2013. In its final stage, the modern rail terminal will
comprise, with a total area of some 150,000 m2,
seven handling and two shunting tracks as well as
two gantry cranes.
Another major project in 2013 was the construction of a logistics facility at logport I. The logistics
center, which was built by the duisport Group in
nine months and handed over in turnkey condition at the start of 2014, offers the customer, NYK /
Yusen Logistics, approximately 26,000 m2 of warehousing space on an area of nearly 48,000 m2.
Audi AG has exported automobile components via
the Port of Duisburg since mid 2013. Additionally,
duisport built a new logistics center with warehousing space of around 53,000 m2 on the logport
II plot that directly abuts the Rhine. The logistics
complex has its own railway siding.

920 employees

including apprentices and contract personnel.

For the duisport Group, qualified employees are
a central element for ensuring the success of the
corporation into the future. The recruitment of
highly qualified new employees for all functions of
our diverse corporate group as well as the selection
of dedicated young people for our four apprenticeships (including dual training programs) is an
important pillar in this respect.
It is likewise important to us to further develop and
promote current employees in order to retain them
at the corporation over the long term.
With an average of 29 apprentices in the occupational profiles of business management, transport and logistics management, real estate management, and warehouse logistics management,
we assume social responsibility for occupational
training in all respects; for example, as in previous
years, we trained significantly more employees
than required in 2013.

60 : 61

As a founding member of TalentMetropole
Ruhr, the duisport Group is committed to
promoting young talent through, among
other things, its talent pool, which helps to
retain the best minds in the region.

On the whole, we pursue a personnel policy that
is focused on recognizing potential and promoting performance and development. In this respect,
important tools for strategic staff development
were redeveloped or significantly improved over
the past year.
As part of our personnel marketing, we are involved
in numerous initiatives (including being a founding
partner of TalentMetropole Ruhr) in order to retain
talent from the region on a long-term basis to
ensure that we have the specialist staff and managers we need in the future by engaging the best
people in the logistics field.

2.7 General statement on business
performance
In summary, it should be noted that on the whole
the duisport Group managed to deal successfully
with a financial year that was fraught with difficult
conditions. For example, it further increased Group
turnover and maintained Group results at the high
level of the year from before.
Furthermore, our position as the leading logistics
hub in Central Europe was successfully expanded
in 2013. With the establishment of Audi and the
other investments that were made, an excellent
foundation was laid for the further development
of the duisport Group.
The acquisitions of stakes in several companies of
the Weinzierl Group have led to an increase in the
regional presence of the duisport Group in Southern Germany as well as to an optimization of the
structures in the packaging logistics segment as a
whole.

ANNUAL REPORT 2013 Group Report

In 2013, duisport further expanded its role as
the leading logistics hub in Central Europe.

III. SUPPLEMENTARY REPORT
With effect from 1 January 2014, the duisport
Group made the following changes to the ownership structures of several companies in the area of
packaging logistics as part of a barter agreement
with the shareholders of the Weinzierl Group:
•	

Increase the stake of the duisport Group in
Holz Weinzierl Fertigungen GmbH & Co. KG,
Weinzierl-Beteiligungs-GmbH, and Omnipack
GmbH from 25.1% to 50% plus one share.

•	

Increase the stake of the duisport Group in
Weinzierl Verpackungen GmbH from 51% to
74.9%.

•	

Reduce the duisport stake in dpl GmbH from
100.0% to 74.9%.

Furthermore, dpl Süd GmbH was merged with
Weinzierl Verpackungen GmbH to create dpl Weinzierl Verpackungen GmbH, retroactive to 1 January
2014.
Further effects after the date of conclusion, which
could have had an effect on the revenue, financial,
or asset situation, did not materialize.

IV. FORECAST, RISK, AND OPPORTUNITY
REPORT
1. Risk and opportunity report
The risk management system of the duisport
Group 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 value-oriented development of the duisport
Group. The risk management system ensures that
this profile is continuously updated.
The risk portfolio has 13 (2012: 13) potential individual risks of a total of approximately 38.9 million
euros (2012: 37.6 million euros). The observation
period spans a period of three years. As part of
risk management, these risks are reduced through
suitable countermeasures so that the potential risk
volume is limited to a total of around 27.3 million
euros (2012: 26.0 million euros); this corresponds to
a total annual risk potential of around 9.1 million
euros (2012: 8.7 million euros).
The key individual risks are market-side risks, risks
in connection with the accessibility of the port as a
result of various infrastructure renovation projects
in the Duisburg metropolitan area, and risks arising
from a potential increase in debt-capital interest
rates.
The market-side risks involve the operational activities of the individual business areas. They are valued at a potential damage amount of 3.5 million
per year and would have a limited impact on the
company’s income if they occurred. The probability
of occurrence is estimated as likely. Thanks to the
countermeasures that were introduced, the risk
was reduced significantly.

The risk arising from limited access to the Ruhrort
section of the port as a result of various infrastructure renovation projects in Duisburg is valued at a
potential damage amount of 2.0 million euros per
year. The probability of occurrence in this case is
medium. If it were to occur, this event would have
a long-term negative impact on the income of the
duisport Group. This risk, too, has been reduced
significantly thanks to the countermeasures introduced by the City of Duisburg.
Interest rate risk is reduced to a minimum through
the use of interest derivatives. The credit portfolio
risk structure is monitored through the use of key
figures and continuously compared with market
estimates.
The duisport Group takes comprehensive measures to hedge against any financial risks beyond
this. 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. Significant
price-change risks, default risks and liquidity risks,
as well as 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.
In doing so, our financial transactions are subject
to predefined limits.
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

62 : 63

Forward-looking capacity expansions, targeted
development measures, and space optimizations
for client-oriented enhancements of the logistics
location – this is the basis on which the duisport
Group will seek additional growth in 2014.

30%. 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%,
contractual provisions have been agreed granting
the banks in question a right of termination.

Regarding our shareholdings, we closely observe
individual units in order to be able to react to undesirable developments in due time.

General statement on opportunities and risks
The relevant sections of the duisport Group have
taken out suitable trade credit insurance to cover
potential debt defaults.
Overall, the duisport Group has positioned itself
in a highly competitive market environment with
high-quality services and has a customer-oriented
approach that is continuously developing their
offerings. This is always done with very prompt
reactions to changes in market requirements.
On the whole, 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 largely minimized financial burdens
for the duisport Group that result from this by concluding restoration obligation contracts with our
tenants.

In view of the overall assessment of opportunities
and risks, it should be noted that during the reporting period no risk was discerned that, individually
or combined, would threaten the existence of
the duisport Group. The identified risk volume is
almost unchanged from the previous year.

2. Forecast
For 2014, slight growth of the global economy of
0.3% is projected. Thus, a corresponding improvement in the business climate in the transport and
logistics sector is expected.
According to the German Engineering Association (VDMA), German machine builders expect
an increase in production of 3% and a record production value of 203 billion euros. This growth will
mainly come from established markets, especially
in Europe6. 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 thus also on the
dpl Group.
The duisport Group plans a gross investment volume, including maintenance measures, of around

100 million euros for the planning period from 2014
to 2016.
Among the most important projects are the expansion of the multimodal terminal logport III and the
expansion of the DIT terminal. Thus the capacities
of the port will be expanded proactively and will
be developed further based on concrete customer
requirements. In this regard, the commencement
of operations of both gantry cranes in 2014 is very
important for the multimodal terminal logport III.
Investments in infrastructure and suprastructure
are also planned for the D3T terminal, depending
on the increase in the volume of waterside traffic. This necessitated the construction of a second
container gantry crane (water crane). The existing
infrastructure was designed right from the start
of construction in such a way that a second crane
can be added in a cost-effective manner. The crane
went into operation in February 2014.
Depending on the positive development of rail
transport in Duisburg, the rail capacity of the DIT
terminal will also be increased. Thus, in order to
increase capacity, a third rail crane as well as two
holding tracks/shunting tracks will be built on a
plot of the existing logport I marshaling yard. These
investments will be made by autumn 2014.
In April 2014, Volkswagen put its logistics center
in Duisburg-Kasslerfeld into operation. The Port of
Duisburg will thus become an important export
hub in view of the supply of non-European factories of the Volkswagen Group.

Additionally, another globally active company, Benteler Distribution Deutschland, will further expand
its Duisburg location in 2014 and build a central
storage facility in order to improve its internal
logistics structure and work processes.
Another focus of the activities of the duisport
Group is the development of locations for packaging and project logistics as well as the application
of expertise in strategic traffic points that have
been developed by duisport, especially for sea and
inland ports.
In 2014, the duisport Group will develop additional
activities abroad, based on demand, and further
expand its engagement. Its goal in doing so is to
further increase its acceptance by customers as a
partner in the fields of logistics services and packaging logistics.
In this way, duisport intends to increasingly build
on the logistics chains and services in target markets and help customers to exploit these markets
in the long term.
In addition to commercial success, duisport focuses
on a responsible approach to the environment.
However, sustainable marketing is also becoming
more important from a market perspective and
thus also serves as a starting point for the company’s own competitiveness. The duisport Group recognized this early on and firmly established corresponding processes and structures within its own
business model. In particular, duisport combines
sustainability with technical innovation, ecological
transport chains, and an efficient use of land.

	 Source: VDMA, press release dated 17 December 2013.

6

ANNUAL REPORT 2013 Group Report

64 : 65

Including the revenue from strategic participations, the duisport Group plans a total income of
about 180 to 185 million euros in the financial year
2014 and thus a relatively stable result.
Duisburger Hafen AG plans sales revenue of 27 to
29 million euros for the 2014 financial year. The
result of its ordinary business activities will, according to current planning, be slightly higher in 2014
than it was in 2013.

V. DECLARATION PURSUANT TO
SECTION 312, PARAGRAPH 3, AKTG
For each of the legal transactions and actions
listed in the report on the relationship to affiliated
companies, our company received appropriate consideration based on the circumstances that were
known to us when the legal transaction was carried out or the action taken or omitted, and it was
thus not disadvantaged by the fact that actions
were taken or omitted.

Duisburg, 8 May 2014

Duisburger Hafen Aktiengesellschaft

Executive Board

ANNUAL REPORT 2013 Group Report

66 : 67

Table of contents

ANNUAL REPORT 2013 Annual financial statements

69
70
70
73
74
76
78
80
80
82
84
86

Annual financial statements 	
	
Duisburger Hafen Group 	
			
Consolidated balance sheet 		
			
Consolidated income statement	
			
Statement of changes in fixed assets 	
			
Statement of changes in shareholders’ 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	

88
112
114

Imprint 	

116

Port map	

117

68 : 69

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated balance sheet as at 31 December 2013
Assets

31 Dec. 2013

31 Dec. 2012

a

1,000 a

A.  Fixed assets
	

I. Intangible assets
1.	Self-made industrial property rights and similar rights and values

97,524.00

206

		

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

279,411.98

269

		

3.	Goodwill

9,578,727.03

9,982

		

4.	Advance payments made

132,333.34

0

10,087,996.35

10,457

220,130,654.64

191,488

33,115,335.82

26,850

II. 	 Property, plant, and equipment

		

1.	Land and buildings

		

2.	Technical equipment and machinery

		

3.	Other equipment, operational and business equipment

3,429,527.28

2,454

		

4.	Advance payments made and assets under construction

17,755,819.79

22,424

274,431,337.53

243,215

	

III. 	Financial assets

		

			 b) others
		

2.	Loans to companies in which investments are held

		

3.	Other loans

986,867.37

561

1,905,759.17

1,906

4,740.23

12

7,262,030.82

6,796

291,781,364.70

260,468

4,364,664.05

4,317

B.  Current assets
	

I. Stock

		

1.	 Raw materials, consumables, and supplies

3,064,365.38

1,496

		

2.	Work in progress

1,725,403.57

831

		

3.	Finished goods and merchandise

563,911.85

595

		

4.	Advance payments made

5,400,472.50

3,033

24,986,858.68

16,655

2,470,463.19

6,403

27,470,287.61

23,072

6,087,791.98

17,958

48,318,762.09

49,105

310,694.76

222

	

46,791.70

110

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

12,965.74

9,360,210.00

478,575.87

340,889,397.42

ANNUAL REPORT 2013 Annual financial statements

31 Dec. 2012

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

33,026,093.30

27,922

		

2.	Other revenue reserves

29,355,785.70

29,482

62,381,879.00

57,404

7,378,568.13

8,104

118,596,622.87

113,552

176,500.00

329

6,453,106.00

6,060

954,311.42

2,533

	

IV. Equity difference from currency conversion

	

V. Consolidated net retained profit

	

VI. Adjustments for the interests of other shareholders

B.  Surplus from consolidation

-36,873.00

1,319,173.10

6,330.90

20

471

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. 2013

A.  Equity

		

	

Equity and liabilities

		

1.	Provisions for pensions

		

2.	Tax provisions

		

3.	Other provisions

33,699,357.10

34,338

41,106,774.52

42,931

126,723,690.17

104,760

9,790,461.68

6,424

28,093,861.07

25,751

165,093,080.77

137,014

13,264,896.71

13,519

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

484,913.63
154.22

2,645,191.65

340,889,397.42

79
0

2,690

310,103

15

5,042

307

310,103

70 : 71

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated income statement 2013

31 Dec. 2013

31 Dec. 2012

a

1,000 a

159,922,416.72

149,778

556,600.82

-391

5,919,502.60

4,611

166,723,520.14

154,370

5.	 Cost of materials

64,378,445.23

67,969

6.	 Personnel expenses

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

37,409,889.63

33,429

11,909,359.09

10,641

8.	 Other operating expenses

34,510,930.32

23,361

148,208,624.27

135,400

9.	 Income from equity investments

299,500.00

23

10.	 Income from associated companies

338,000.00

142

11.	 Income from loans classified as fixed financial assets

426,744.57

365

-6,338,788.11

-6,253

547,047.63

351

-5,821,591.17

-6,074

12,693,304.70

12,897

3,462,460.72

3,965

999,350.70

833

4,461,811.42

4,797

8,231,493.28

8,099

596,594.23

250

19.	 Consolidated net retained profit

8,104,212.72

18,563

20.	 Distribution of dividends of the parent company

3,000,000.00

7,500

21.	 Addition to the legal reserve

5,104,212.72

11,063

-256,330.92

254

7,378,568.13

8,104

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

	

325,000.00

372

	

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

14.	 Result from ordinary business activities
15.	 Income taxes
16.	 Other taxes

17.	 Consolidated net profit
18.	 Profit attributable to minority interests

22.	 Withdrawal from/addition to other revenue reserves
23.	 Consolidated net retained profit

ANNUAL REPORT 2013 Annual financial statements

72 : 73

Duisburger Hafen Aktiengesellschaft, Duisburg – Statement of changes in fixed assets 2013
Acquisition or production costs

Accumulated amortization, depreciation, and write-downs

Net book values

1 Jan. 2013

Additions

Disposals

W/D

Reclassifications

31 Dec. 2013

1 Jan. 2013

Additions

Disposals

31 Dec. 2013

31 Dec. 2013 31 Dec. 2012

a

a

a

a

a

a

a

a

a

a

a

1,000 a

1. Self-made industrial property rights
and similar rights and values

412,000.00

0.00

0.00

0.00

0.00

412,000.00

205,996.00

108,480.00

0.00

314,476.00

97,524.00

206

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

2,873,864.75

172,658.97

108,543.33

58.82

0.00

2,938,039.21

2,604,576.22

134,186.37

80,135.36

2,658,627.23

279,411.98

269

17,432,761.28

765,979.65

0.00

0.00

0.00

18,231,502.21

7,451,093.11

1,201,682.07

0.00

8,652,775.18

9,578,727.03

9,982

0.00

132,333.34

0.00

0.00

0.00

132,333.34

0.00

0.00

0.00

0.00

132,333.34

0

I. Intangible assets

3. Goodwill
4. Advance payments made

20,718,626.03

1,070,971.96

108,543.33

58.82

0.00

21,713,874.76

10,261,665.33

1,444,348.44

80,135.36

11,625,878.41

10,087,996,35

10.457

240,877,174.67

22,834,058.85

2,229,566.03

0.00

14,139,581.89

275,621,249.38

72,996,701.78

6,623,960.13

554,516.35

79,066,145.56

196,555,103.82

167,880

	 Land in the dock area (fixed value)

23,653,932.51

0.00

0.00

0.00

0.00

23,653,932.51

5,115,780.94

343,626.20

0.00

5,459,407.14

18,194,525.37

18,538

	 Road pavement

15,154,450.88

803,337.00

0.00

0.00

0.00

15,958,287.88

10,243,340.37

485,318.11

0.00

10,728,658.48

5,229,629.40

4.,911

1,679,042.65

158.42

0.00

0.00

0.00

1,679,201.07

1,520,875.10

6,929.92

0.00

1,527,805.02

151,396.05

158

281,364,600.71

23,638,054.27

2,229,566.03

0.00

14,139,581.89

316,912,670.84

89,876,698.19

7,459,834.36

554,516.35

96,782,016.20 220,130,654.64

191,488

	 Port equipment

30,064,096.66

329,272.91

5,196.00

0.00

3,247,679.11

33,635,852.68

17,887,846.43

1,299,187.31

5,196.00

19,181,837.74

14,454,014.94

12,176

	 Port train facilities

21,443,081.46

883,160.92

9,424.61

0.00

4,033,104.73

26,349,922.50

6,769,818.63

928,207.60

9,424.61

7,688,601.62

18,661,320.88

14,673

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

51,507,178.12

1,212,433.83

14,620.61

0.00

7,280,783.84

59,985,775.18

24,657,665.06

2,227,394.91

14,620.61

26,870,439.36

33,115,335.82

26,850

8,425,952.93

1,883,578.16

418,358.13

-1,298.79

0.00

9,889,874.17

5,971,898.26

777,781.38

289,332.75

6,460,346.89

3,429,527.28

2,454

22,423,752.93

16,790,417.98

37,985.39

0.00

-21,420,365.73

17,755,819.79

0.00

0.00

0.00

0.00

17,755,819.79

22,424

363,721,484.69

43,524,484.24

2,700,530.16 -1,298.79

0.00

404,544,139.98 120,506,261.51

10,465,010.65

858,469.71

130,112,802.45

274,431,337.53

243,215

564,160.89

415,820.55

0.00

0.00

0.00

989,971.44

3,104.07

0.00

0.00

3.104.07

986,867.37

561

	 b) other

1,905,759.17

0.00

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

9,260,696.04

485,547.63

27,000.00

0.00

0.00

9,719,243.67

4,944,031.99

410,547.63

0.00

5,354,579.62

4,364,664.05

4,317

12,256.56

0.00

7,516.33

0.00

0.00

4,740.23

0.00

0.00

0.00

0.00

4,740.23

12

11,742,872.66

901,368.18

34,516.33

0.00

0.00

12,619,714.51

4,947,136.06

410,547.63

0.00

5,357,683.69

7,262,030.82

9,796

2,843,589.82 -1,239.97

0.00

438,877,729.25 135,715,062.90

12,319,906.72

938.605,07

147,096,364.55 291,781,364.70

260,468

3. Other equipment, operational and
business equipment
4. A
 dvance payments made and assets
under construction
III. Financial assets
1. Investments
	 a) in associated companies

3. Other loans

396,182,983.38 45,496,824.38

ANNUAL REPORT 2013 Annual financial statements

74 : 75

Duisburger Hafen Aktiengesellschaft, Duisburg – Statement of changes in shareholders’ equity 2013
Parent company

31 Dec. 2010

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

42,360,722.20

0.00

16,181,494.70 106,096,092.54

46,570.06

42,258.77

88,828.83

106,184,921.37

26,704.92

91,069.82

0.00

91,069.82

0.00

117,774.74

-805,787.99

0.00

0.00

0.00

16,312.43

0.00

-805,787.99

-805,787.99

0.00

0.00

0.00

16,312.43

-795,395.50

-779,083.07

91,069.82

0.00

91,069.82

-688,013.25

Consolidated net profit

0.00

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

Overall Group result

0.00

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

Changes to consolidation basis
Other changes

31 Dec. 2011

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Changes to consolidation basis

0.00

0.00

Other changes

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

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

0.00

-382,405.81

-382,405.81

0.00

251,854.83

251,854.83

-130,550.98

31 Dec. 2012

0.00

10,392.49

0.00

0.00

0.00

0.00

0.00

0.00
0.00

-56,523.40

0.00

0.00

0.00

-56,523.40

-382,405.81

-438,929.21

0.00

251,854.83

251,854.83

-187,074.38

Consolidated net profit

0.00

0.00

7,634,899.05

0.00

0.00

7,634,899.05

596,594.23

0.00

596,594.23

8,231,493.28

Dividend distribution

0.00

0.00

-3,000,000.00

0.00

0.00

-3,000,000.00

0.00

0.00

0.00

-3,000,000.00

Overall Group result

0.00

0.00

4,634,899.05

-56,523.40

-382,405.81

4,195,969.84

596,594.23

251,854.83

848,449.06

5,044,418.90

46,020,000.00 1,533,875.64

54,757,126.00

-36,873.00

15,003,321.13

117,277,449.77

1,065,059.50

254,113.60

1,319,173.10

118,596,622.87

Changes to consolidation basis
Other changes

31 Dec. 2013

ANNUAL REPORT 2013 Annual financial statements

0.00

0.00

0.00

-56,523.40

0.00

0.00

0.00

-56,523.40

76 : 77

Duisburger Hafen Aktiengesellschaft, Duisburg – Consolidated cash flow statement 2013
	
1. 	 Operating activities

2013

2012

2013

2012

1,000 a

1,000 a

1,000 a

1,000 a

-247

-37

4,665

586

297

364

479

1,738

3. 	 Cash flow from financing activities
8,231

8,099

	

+/-	 Other changes in equity

12,456

10,988

	

+	

Grants received – not affecting net income

+/-	 Increase/decrease in long-term provisions1

1,552

-478

	

+	

Grants received – affecting net income

	

+/-	 Increase/decrease in deferred tax liabilities

-255

-208

	

-/+	 Increase/decrease of receivables from approved grantsn

Cash flow 1

21,984

18,401

	

-	

Distribution of dividends to shareholders

	

-3,000

-7,500

	

+	

Cash received from the issue of loans

45,386

26,568

-	

-1,078

-	

Cash repayments of loans

Profits from the disposal of fixed assets

-332

	

	

-23,100

-23,358

-	

-364

Cash flow from financing activities

Grants recognized as income

-297

	

	

24,480

-1,639

	

-	

Other non-cash income

-51

-344

	

-/+ 	Increase/decrease in receivables and other assets

-7,504

4,570

	

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

-152

-152

	

+/-	 Increase/decrease of short-term provisions

-3,376

4,840

-11,101

2,826

	

+/-	 Increase/decrease in liabilities

6,447

-6,307

	

Cash flow from operating activities

16,719

19,566

81

0

16,772

13,946

6,088

17,958

	

+/-	 Group result

	

+	Depreciation/amortization of fixed assets and marketable
securities classified as current assets

	

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

	

-	

Cash paid for investments in intangible long-term assets

	

-	

Cash paid for investments in financial assets

	

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

	

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

	

Cash flow from investing activities

28

41

1,597

6,617

156

112

-48,423

-25,234

-33

0

-1,067

-121

-240

-315

-9,360

0

5,042

3,799

-52,300

-15,101

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

Change in cash and cash equivalents

		
	

(subtotals 1–3)

Changes in cash and cash equivalents due to

		

changes in the basis of consolidation

	

Cash and cash equivalents at the beginning of the period

	

Cash at the end of the period

	

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

-336

-1,186

	

Cash and cash equivalents at the end of the period

5,752

16,772

1

	Before offsetting asset value for partial retirement.

ANNUAL REPORT 2013 Annual financial statements

78 : 79

Duisburger Hafen Aktiengesellschaft, Duisburg – Balance sheet as of 31 December 2013
Assets

31 Dec. 2013

31 Dec. 2012

a

a

31 Dec. 2013

31 Dec. 2012

a

a

46,020,000.00

46,020,000.00

33,026,093.30

27,921,880.58

		 2.	 Other revenue reserves

1,137,072.03

1,137,072.03

	 IV. 	 Net retained profit

7,378,568.13

8,104,212.72

89,095,609.10

84,717,040.97

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

167,797.42

153,065.31

		 2.	Advance payments made

88,300.84

0.00

256,098.26

153,065.31

65,142,673.71

67,046,262.42

		 2.	 Technical equipment and machinery

9,375,792.82

10,092,872.86

		 3.	 Other equipment, operational and business equipment

1,091,017.80

714,898.81

363,441.66

78,491.89

75,972,925.99

77,932,525.98

43,115,309.01

42,180,646.89

126,086,549.71

82,055,912.18

3,114,416.56

2,674,760.39

	 II. 	 Property, plant, and equipment
		 1.	 Land and buildings

		 4.	 Advance payments made and assets under construction
	 III. 	 Financial assets
		 1.	 Investments in affiliated companies	
		 2.	 Loans to affiliated companies
		 3.	 Investments
		 4.	Loans to companies in which investments are held
		 5.	 Other loans

4,409,664.05

4,259,664.05

4,740.23

12,256.56

176,730,679.56

131,183,240.07

252,959,703.81

209,268,831.36

B.  Current assets

		 2.	 finished services

1,533,875.64

1,533,875.64

	 III. 	 Revenue reserves
		 1.	 Legal reserve

B.  Special item with reserve portion pursuant to Section 6b EStG

19,500,972.60

19,500,972.60

5,158,091.00

5,039,703.00

653,988.52

2,204,494.28

C.  Provisions
		 1.	 Provisions for pensions
		 2.	 Tax provisions

		 3.	 Other provisions

18,140,695.31

16,946,027.10

23,952,774.83

24,190,224.38

108,348,436.75

84,597,042.85

3,879,893.39

4,891,328.97

23,675,273.79

22,798,278.55

137,406,722.03

112,977,399.61

270,534,151.61

241,947,064.96

D.  Liabilities
		 1.	 Liabilities to banks
		 2.	 Trade payables

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

1,503,013.38

104.72

690,674.03
75.21

			 thereof for taxes 756,801.63 euros (previous year: 535,000 euros)

	 I. 	 Stock
		 1.	 Raw materials, consumables, and supplies

	 II. 	 Capital reserves

5,392.95

12,970.28

16,725.69

12,970.28

264,416.84

405,509.31

4,503,458.62

8,944,949.09

967,992.34

3,890,098.71

5,748,883.54

13,255,177.32

2,317,036.33

14,287,160.63

17.442,805.56

32,597,308.23

270,534,151.61

241,947,064.96

11,332.74

0.00

			 thereof for social security 10,322.04 euros (previous year: 5,000 euros)
E.  Prepaid expenses

578,073.05

561,427.40

	 II. 	 Receivables and other assets
		 1.	 Claims from supplies and services
		 2.	 Receivables from affiliated companies
		 3.	Receivables from companies in which investments are held
		 4.	 Other assets
	 III. 	 Current asset securities
	 IV. 	 Cash and bank balances
C.  Prepaid expenses

ANNUAL REPORT 2013 Annual financial statements

12,965.74

9,360,210.00

131,642.24

14,620.21

5,042,000.00

80,925.37

80 : 81

Duisburger Hafen Aktiengesellschaft, Duisburg – Income statement 2013

31 Dec. 2013

31 Dec. 2012

a

a

33,559,789.42

27,462,426.21

11,332.74

0.00

9,109,901.70

6,673,946.17

42,681,023.86

34,136,372.38

1,370,390.96

567,118.53

13,119,243.60

12,378,773.13

2,918,371.12

3,242,455.56

20,935,578.47

11,312,408.58

38,343,584.15

27,500,755.80

6,462,353.00

6,459,397.84

9.	 Interest result

963,803.86

-327,201.72

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

547,047.63

347,522.25

6,879,109.23

5,784,673.87

11,216,548.94

12,420,290.45

3,254,355.26

3.842.451.49

583,625.55

473.626.24

	
1. 	 Revenue
2.	 Changes in stocks
3.	 Other operating income

4.	 Cost of materials
5.	 Personnel expenses

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

8. 	 Income from equity investments

11.	 Result from ordinary business activities
12.	 Income taxes
13.	 Other taxes

3,837,980.81

4,316,077.73

14. 	Net income

7,378,568.13

8,104,212.72

15.	 Profit carried forward

8,104,212.72

16. 	Distribution of dividends to shareholders

3,000,000.00

18,562,614.99

17. 	Addition to revenue reserves
in the legal reserve

5,104,212.72

11,062,614.99

18.	 Net retained profit

7,378,568.13

8,104,212.72

ANNUAL REPORT 2013 Annual financial statements

7,500,000.00

82 : 83

Duisburger Hafen Aktiengesellschaft, Duisburg – Participations as of 31 December 2013
2.	 Associated companies

1. 	 Consolidation basis
Consolidation
status1

	

Name and registered office of company

	

Duisburger Hafen Aktiengesellschaft, Duisburg
	
	

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

2, 3

2, 3
2, 3

Share in
Equity
capital
% in 1,000 f

Name and registered office of company

	

DIT Duisburg Intermodal Terminal GmbH, Duisburg

E

24

2,500

V

100

21,767

	

Duisburg Trimodal Terminal GmbH, Duisburg

N

20

781

V

100

260

V

100

172

	
	

Emballages Industriels Logistique Service SAS,
Illkirch-Graffenstaden, France

E

29

434

	

Weinzierl Beteiligungs-GmbH, Sinzing

N

25.1

34

	

Omnipack GmbH, Graben

E

25.1

25

dfl duisport facility logistics GmbH, Duisburg

	

duisport rail GmbH, Duisburg2, 3

V

100

100

LOGPORT Logistic-Center Duisburg GmbH, Duisburg

V

100

114

	

duisport packing logistics GmbH, Duisburg2, 3

V

100

13,525

	

dpl Chemnitz GmbH, Chemnitz2, 3

V

100

4,595

	

dpl International N. V., Antwerpen, Belgium

V

100

164

	

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

V

100

-38

	

Name and registered office of company

	

Grundstücksgesellschaft Südhafen mbH, Duisburg

V

100

660

	

Antwerp Gateway N. V., Antwerp, Belgium

	

duisport consult GmbH, Duisburg

V

100

789

	

duisport packing logistics India Pvt. Ltd., Pune, Indien

V

76

126

	

dpl Süd GmbH, Duisburg

V

74.9

597

	

Hafen Duisburg-Amsterdam Beteiligungsgesellschaft mbH, Duisburg

V

66

44

	

Weinzierl Verpackungen GmbH, Sinzing

V

51

411

	

Heavylift Terminal Duisburg GmbH, Duisburg

V

51

463

V

50

465

V

50

18

V

50

338

V

25.1

231

	
	

Umschlag Terminal Marl GmbH & Co. KG, Marl

4

Umschlag Terminal Marl Verwaltungs-GmbH, Marl

4

	

Tarlog GmbH, Castrop-Rauxel

4
5

Share in
Equity
capital
% in 1,000 f

	

	
	

Consolidation
status6

	

Holz Weinzierl Fertigungen GmbH & Co. KG, Sinzing

	

IPS Integrated Project Services GmbH, Duisburg

Q

50

396

	

logport ruhr GmbH, Duisburg

Q

50

242

	

DuisPortAlliance GmbH, Duisburg

Q

50

97

3.	 Other investments
Share in
Equity
capital
% in 1,000 f
7.5

-44,267

6

	The companies marked with E are included in the consolidated financial statements at equity.
	 Shareholdings marked with N were entered at acquisition costs pursuant to Section 311, Paragraph, 2 HGB due to their minor importance.

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 Section 264, Paragraph 3, HGB.
4
	Controlling influence exercised pursuant to Section 290, Paragraph 2, HGB.
5
	Controlling influence pursuant to Section 290, Paragraph 2, HGB (from 1 July 2013).

ANNUAL REPORT 2013 Annual financial statements

84 : 85

Duisburger Hafen Aktiengesellschaft, Duisburg – Statement of changes in fixed assets 2013
Acquisition or production costs

Accumulated amortization, depreciation, and write-downs

1 Jan. 2013

Additions

a

a

a

1,917,851.55

106,471.58

0.00

Net book values

31 Dec. 2013

1 Jan. 2013

Additions

Disposals

31 Dec. 2013

31 Dec. 2013

31 Dec. 2012

a

a

a

a

a

a

a

1,000 a

0.00

0.00

2,024,323.13

1,764,786.24

91,739.47

0.00

1,856,525.71

167,797.42

153

88,300.84

0.00

0.00

88,300.84

0.00

0.00

0.00

0.00

88,300.84

0

1,917,851.55

194,772.42

0.00

0.00

2,112,623.97

1,764,786.24

91,739.47

0.00

1,856,525.71

256,098.26

153

105,135,483.66

343,985.55

1,454,893.68

0.00

104,024,575.53

54,578,541.67

1,648,486.60

1,108,443.13

55,118,585.14

48,905,990.39

50,557

16,838,816.15

0.00

0.00

0.00

16,838,816.15
11,015,700.58

2,921,166.59

8,481,811.03

0.00

249,352.61

0.00

0.00

2,921,166.59

8,731,163.64

13,917,649.56

13,918

Disposals Reclassifications

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
	 Land in the dock area (fixed value)

11,015,700.58

0.00

0.00

0.00

1,536,878.42

158.42

0.00

0.00

1,537,036.84

1,499,097.10

3,442.92

0.00

1,502,540.02

34,496.82

38

19,151,949.53

12,445.31

0.00

0.00

19,164,394.84

13,798,100.84

605,150.00

0.00

14,403,250.84

4,761,144.00

5,354

	 Port train facilities

7,362,419.08

1,672.98

0.00

0.00

7,364,092.06

2,623,394.91

126,048.33

0.00

2,749,443.24

4,614,648.82

4,739

3.	Other equipment, operational and
business equipment

4,547,965.91

570,270.18

35,406.96

0.00

5,082,829.13

3,833,067.10

194,151.19

35,406.96

3,991,811.33

1,091,017.80

715

78,491.89

300,335.16

15,385.39

0.00

363,441.66

0.00

0.00

0.00

0.00

363,441.66

78

1,228,867.60 1,505,686.03

0.00

165,390,886.79

87,735,179.24

2,826,631.65

1,143,850.09

89,417,960.80

75,972,925.99

77,933

	 Road pavement
	Train bridges, public road bridges, and
flood protection facilities

2,284,536.94

2,534

2.	Technical equipment and machinery
	 Port equipment

4.	Advance payments made and assets
under construction

165,667,705.22
III. Financial assets
1.	Investments in affiliated companies

42,180,646.89

1,001,134.27

66,472.15

0.00

43,115,309.01

0.00

0.00

0.00

0.00

43,115,309.01

42,181

2.	Loans to affiliated companies

82,055,912.18

44,030,637.53

0,00

0.00

126,086,549.71

0.00

0.00

0.00

0.00

126,086,549.71

82,056

3.	Investments

2,674,760.39

439,656.17

0.00

0.00

3,114,416.56

0.00

0.00

0.00

0.00

3,114,416.56

2,675

4.	Loans to companies in which
investments are held

9,203,696.04

560,547.63

0.00

0.00

9,764,243.67

4,944,031.99

410,547.63

0.00

5,354,579.62

4,409,664.05

4,260

12,256.56

0.00

7,516.33

0.00

4,740.23

0.00

0.00

0.00

0.00

4,740.23

12

303,712,828.83

47,455,615.62

5.	Other loans

ANNUAL REPORT 2013 Annual financial statements

136,127,272.06 46,031,975.60

73,988.48

0.00

182,085,259.18

4,944,031.99

410,547.63

0.00

5,354,579.62

176,730,679.56

131,183

1,579,674.51

0.00

349,588,769.94

94,443,997.47

3,328,918.75

1,143,850.09

96,629,066.13

252,959,703.81

209,269

86 : 87

Duisburger Hafen Aktiengesellschaft, Duisburg –
2013 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
2013. The consolidated financial statements have
been drawn up in accordance with the accounting
regulations laid down in the HGB.

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

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 2013, the consolidated financial
statements included Duisburger Hafen AG plus a
total of 20 (2012: 17) fully consolidated subsidiaries
and three proportionately consolidated subsidiaries (2012: 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.

Duisburger Hafen AG is included in the consolidated financial statement for Beteiligungsverwaltungsgesellschaft des Landes Nordrhein-Westfalen mbH.

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.

I. Consolidation basis
Capital
share
%

Equity
capital
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

164

dpl Süd GmbH, Duisburg (dpl Süd)

74.9

645

51

411

25.1

34

25.1

407

100

-38

76

126

LOGPORT Logistic-Center Duisburg GmbH, Duisburg (LOGPORT)

100

114

Grundstücksgesellschaft Südhafen mbH, Duisburg (Südhafen)

100

660

duisport consult GmbH, Duisburg (dpc)

100

789

Hafen Duisburg-Amsterdam Beteiligungsgesellschaft mbH, Duisburg (HDA)

66

44

Heavylift Terminal Duisburg GmbH, Duisburg (HTD)

51

465

50

463

50

18

50

338

logport ruhr GmbH, Duisburg (lpr)

50

242

IPS Integrated Project Services GmbH, Duisburg (IPS)

50

396

DuisPortAlliance GmbH, Duisburg (DP Alliance)

50

97

DIT Duisburg Intermodal Terminal GmbH, Duisburg (DIT) 4

24

2,500

Omnipack GmbH, Graben (Omnipack)

25

22

29

434

Company
Fully consolidated companies

Weinzierl Verpackungen GmbH, Sinzing (VPD)
Weinzierl Beteiligungs-GmbH Sinzing (Weinzierl Beteiligung)
Holz Weinzierl Fertigungen GmbH & Co. KG Sinzing (HWF)

1

2

duisport industrial packing service (Shanghai) Co. Ltd., Shanghai/China (dpl Shanghai)
duisport packing logistics India Pvt Ltd Pune, India (dpl India)

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

3

3

3

Companies included on a proportionate basis

Companies included at equity
4

E.I.L.S. Emballages Industriels Logistique Service SAS,
Illkirch-Graffenstaden, France (EILS)
1

	Financial statement not available.
	Controlling influence exercised pursuant to Section 290, Paragraph 2, HGB (from 1 July 2013).
3
	Controlling influence exercised pursuant to Section 290, Paragraph 2, HGB.
4
	Figures taken from provisional, unaudited annual financial statements.
2

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

88 : 89

Pursuant to Section 285, Sentence 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).

1, HGB in conjunction with Paragraph 2, sentences
1 to 3, HGB nor with Sentence 4 HGB apply.

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 47,000 euros.

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 participation in Omnipack GmbH, which was
acquired in 2013, was included at equity for the
first time. The difference between the book value
of participation and the pro rata equity capital
amounts to –6,000 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 Duisburg-Rheinhausen GmbH holds 99.9% of the shares of
MOLANKA Vermietungsgesellschaft mbH & Co.
Objekt Duisport KG, Düsseldorf. This is a special
purpose entity that is not included in the consolidated financial statement of duisport, as neither
the conditions pursuant to Section 290, Paragraph

II. Consolidation principles

The capital consolidation for companies or purchased capital shares initially consolidated after 1
January 2010 took place on the date of acquisition
on the basis of the revaluation method. To the
greatest extent possible, amounts to be capitalized were assigned to the applicable asset item.
Any remaining difference was capitalized as positive 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.
The initial consolidation of Weinzierl Verpackungen GmbH resulted in positive goodwill in the
amount of 549,000 euros, and the initial consolidation of Holz Weinzerl Fertigungen GmbH & Co.
KG resulted in positive goodwill of 427,000 euros.
Both amounts will be amortized over a period of
five years.

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

Negative goodwill from the capital consolidation is
recognized separately in equity. 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.

The net retained earnings is 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 2013 reduction in consolidated
other reserves totaling 256,000 euros.

Revenues, expenses, and income as well as existing
receivables and payables between consolidated
subsidiaries are eliminated in the consolidated
financial statements. Interim results from intraGroup trade receivables did not materialize in the
reporting period.

III. Accounting and valuation methods

Pursuant to Section 6b of the German Income Tax
Act (EstG – Einkommensteuergesetz), the special
tax item with reserve portion as well as the tax-­
related 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., Tarlog, dpl India, VPD, and HWF, 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 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 micro 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

90 : 91

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 and the Weinzierl companies
is being amortized over a five-year period. Other
intangible assets are also amortized over a fiveyear period.

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.

Scheduled amortization is carried out on a
straight-line basis over the expected useful lives
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.

In order to meet our obligations to protect assets
covering part-time retirement claims, corresponding amounts have been allocated to special funds.
These funds are ring-fenced against other creditors’ claims. The funds are valued at their fair market values; these values are then offset against
the value of the underlying obligations. If the obligations exceed the value of the funds, the excess
amount will be covered by the provisions. If the
value of the securities exceeds these obligations,
this will be recognized 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.
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.

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.
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.

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

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 insofar as they represent
expenditures 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.

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 2012 provisions totaling
8,141,000 euros were retained (of which, 1,659,000
euros were for Duisburger Hafen AG) (expense provisions).

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.

All liabilities are recognized at their settlement
amounts.

The pension obligations were calculated according to the projected unit credit method, applying
actuarial principles and an interest rate of 4.88%
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.

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 part-time retirement provision was calculated according to actuarial principles, applying an
assumed interest rate of 4.89% (2012: 5.05%). The
provision also covers the obligation to pay additional amounts in this respect.
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
said 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

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.

The deferred taxes were calculated on the basis
of a current consolidated income tax rate of 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,

92 : 93

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 exercise of 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.
Derivative financial instruments are employed
exclusively in order to reduce risk. They are used
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 for forming valuation units are met,
the hedging transaction and the underlying transaction are combined to form a single valuation unit,
the hedge. In cases where either the “net hedge
presentation method,” in which the countervailing
changes in value resulting from hedging the risk
are not shown on the balance sheet, or 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.

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.”

2a. Claims and other assets – Group
1,000 f
Supplies and services

31 Dec. 2013

Remaining
term over
1 year

31 Dec. 2012

Remaining
term over
1 year

24,987

0

16,654

0

13

0

15

0

Participation
V. Notes on the financial statements

2,470

0

6,403

27,470

0

23,072

0

31 Dec. 2013

Remaining
term over
1 year

31 Dec. 2012

Remaining
term over
1 year

Supplies and services

264

0

405

0

Affiliated companies

4,504

0

8,945

0

13

0

15

0
0

Other assets
Total

0

1. Fixed assets
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.
Development costs for self-made intangible assets
amounting to 98,000 euros have been shown as of
the effective date (2012: 206,000 euros).

IV. Currency conversion
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

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

2b. Claims and other assets – AG

1,000 f

Participation

968

0

3,890

5,749

0

13,255

Other assets
Total

There are no restrictions of title or control with
respect to the receivables shown above. Specific value adjustments amounting to 194,000
euros (2012: 300,000 euros) have been taken into
account.
A total of 4,938,000 euros of the receivables
from affiliated companies exists from cash-pooling arrangements with various subsidiaries and
–434,000 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 9,360,000
euros comprise fixed-interest borrower’s note
loans. In the financial year, there was a write-down
on the market value of the securities in the amount
of 137,000 euros (2012: 4,000 euros).

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 158,000 euros (2012: 182,000 euros).

94 : 95

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 derive 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.

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.

The associated expenses and income, which when
taken together are of minor importance, have also
been offset.

The Group’s net retained earnings correspond with
those of the parent company.
In 2013, Duisburger Hafen AG has paid out dividends to shareholders for the financial year 2012,
which amounted 3,000,000 euros.

7. Equity and liabilities – Group and AG
6. Excess of plan assets over
pension liabilities – Group and AG
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.
Details of the offsetting pursuant to Section 298,
Paragraph 1, in conjunction with Section 246, Paragraph 2, Sentence 2, HGB:

1,000 f

Group

AG

943

943

1,254

863

Acquisition costs of plan assets

794

808

Value that can be offset pursuant to Section 246 II HGB

943

863

Payment arrears for pension obligations according to expert opinions
Attributable current value of plan assets

Excess of plan assets over pension liability

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

311

0

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

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, Sentence 3, 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.

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.

1,000 f

Description
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

55

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

55

8. Special item with reserve portion – Group and AG
Group
31 Dec. 2013

Group
31 Dec. 2012

AG
31 Dec. 2013

AG
31 Dec. 2012

Nontaxed reserve pursuant
to Section 6b, Paragraph 3, EstG

0

0

0

0

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

117

329

0

0

Total

117

329

19,501

19,501

1,000 f

96 : 97

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, they are eliminated.
The special item for fixed-asset investment grants
was formed in 2010 by dpl GmbH.

9. Tax provisions – Group and AG
The tax provisions mainly relate to corporation tax
and trade tax for the 2013 financial year.

10. Other provisions – Group and AG
The other provisions chiefly 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.

hausen 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.
The other liabilities chiefly 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.
A total of 6,817,000 euros of liabilities from affiliated companies exists from cash pooling arrangements with various subsidiaries and 2,937,000
euros from the company’s trading transactions.
These amounts were partially offset against receivables within the framework of balance settlement.

11a. Liabilities – Group
1,000 f

31 Dec.
2013

Residual
period less
than 1 year

Remaining
term over
5 years

31 Dec.
2012

Residual
period less
than 1 year

Remaining
term over
5 years

Credit institutions

126,724

32,058

56,342

104,760

6,418

47,774

Advances received

485

485

0

79

79

0

0

0

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

9,790

9,790

0

6,424

6,424
0

0

28,094

6,073

10

25,751

3,862

0

(630)

(630)
(12)

(0)

(0)

(347)

(347)
(16)

(0)

(0)

165,093

48,406

56,352

137,014

16,783

47,774

31 Dec.
2013

Residual
period less
than 1 year

Remaining
term over
5 years

31 Dec.
2012

Residual
period less
than 1 year

Remaining
term over
5 years

108,348

29,470

47,347

84,597

3,395

38,367

3,880

3,880

0

4,891

4,891

0

23,676

1,725

0

22,798

909

0

(293)

(293)

(0)

(11)

(11)

(0)

137,407

36,578

47,347

112,977

9,886

38,367

0

(12)

0

(16)

0

11b. Liabilities – AG
1,000 f
Credit institutions
Supplies/services
Affiliated companies
Other liabilities
(thereof for taxes)
(thereof for social security)
Total

1,503

(11)

1,503

(10)

0

(0)

691

(5)

691

(5)

0

(0)

11. Liabilities – Group and AG
As of the closing date, the Group’s liabilities to
banks amounted to 127 million euros. Of this, 6.7
million euros 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-Rhein-

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

98 : 99

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 13,859,000
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 (2012: 33%).
In addition, the Group had other passive deferred
taxes amounting to 5,000 euros.

Contingent liabilities and other
financial obligations
Duisburger Hafen AG has furnished various licensing authorities with directly enforceable guarantees amounting to 62.6 million euros in favour of
Hafen Duisburg-Rheinhausen GmbH, the purpose
of which is to serve as security for grant repayment

obligations. In view of Hafen 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.

The Group’s other financial liabilities nominally
amount to 9,521,000 euros. Other financial liabilities of the AG amount to 3,165,000 euros. Of this,
2,217,000 euros relate to non-Group companies
and 948,000 euros to Group companies.

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.

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 occupational pension is based
on the annual compensation and the age of the
employee.

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.
The Group’s commitments from investment-­
related and non-investment-related activities total
22.5 million euros, of which 1.5 million euros relates
to the parent company.
As of the closing date, the Group’s real estate was
subject to the following encumbrances:

Encumbrances – Group

Square meters

Land
affected
in %

Square meters

Leasehold rights leases of port operators

1,211,374

13.1

946,062

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

1,376,396

14.9

655,458

Rights of way and other rights

1,011,181

11.0

656,601

Total

3,598,951

39.0

2,258,121

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

Of which AG

In 2013, the contribution rate was 4.25% of compensation subject to additional pension provisions.
The percentage of the recapitalization charge (for
financing the claims and entitlements emanating
from before 1 January 2002) was 3.5% In the 2013
financial year, the total remuneration subject to
supplementary pension payments of duisport
employees amounted to 8.5 million euros.
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).
Pursuant to Section 15a of the Articles of Association of RZVK, the compensation amount for duisport totaled 22.7 million euros as of 31 December
2013.

Off-balance-sheet transactions
In order to obtain liquidity for the financing of
future investment projects, HDR has sold logistics
real estate to MOL ANKA 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.

100 : 101

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
Group
nominal volume
1,000 f

Group
market value
1,000 f

AG
nominal volume
1,000 f

AG
market value
1,000 f

101,339

-3,132

99,000

-2,904

of which to hedge
financial liabilities

42,339

-4,400

40,000

-4,172

of which to hedge
planned transactions that
are highly likely

59,000

+1,268

59,000

+1,268

Interest/currency
swap to hedge financial
liabilities

13,889

-554

13,889

-554

Payer interest swap (a)

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 2013,
the market value of this swap was –554,000 euros.
Both in the consolidated financial statements
and in Duisburger Hafen AG’s annual financial
statements, the payer interest swaps have negative market values totaling –3,132,000 euros and
–2,904,000 euros respectively.
In the annual financial statements as of 31 December 2013, 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 2013, there

was though no need to form a provision for anticipated losses for this reason.
Provisions for anticipated losses for liquidated valuation units amounting to 822,000 euros were
formed in the consolidated financial statements
and for 594,000 euros in Duisburger Hafen AG’s
annual financial statements.
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.

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

Risk/type of
valuation unit

Amount
involved
1,000 f

Extent of
hedged risks
1,000 f

Interest and currency risk/
micro hedge

13,889

-554

Interest risk/
portfolio hedge

89,000

-1,636

of which to hedge financial liabilities

30,000

-2,904

of which to hedge planned trans­
actions that are highly likely

59,000

+1,268

(1) Variable-interest loan in foreign
currency (debt)/interest/currency
swap (AG)
(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 had indeed
canceled 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 effective-

ness during the hedging periods that,
depending on the individual transactions,
run until between 2015 and 2032 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
had canceled 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 the 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

102 : 103

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.

2. Other own work capitalized

3. Other operating income

The duisport Group’s own work capitalized, totaling 325,000 euros, results from various Duisburger
Hafen AG construction projects.

1,000 f
Group-internal services
Reversal of special items

The payer interest swaps have maturities ranging
from 2015 to 2032. The majority of the variable-­
interest loans included in the valuation units are
revolving credits that do not have fixed terms. One
loan for 15 million euros matures on 19 November 2018 and another loan for 10 million euros
matures on 19 February 2026. We currently expect
the loans either to be maintained in an 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).

AG
2012

0

0

6,515

4,606

152

152

0

208

Income from plant disposal

147

362

149

346

Other prior-period income

294

136

58

31

Received compensation payments

990

721

1,030

371

Received subsidies

297

364

297

364

13

50

0

0

Other

1,913

1,288

295

385

Total

5,920

4,611

9,110

6,674

Received damage compensation payments

The other prior-period income carried in Duisburger
Hafen AG’s annual financial statements includes
various discounts for services from previous years.

244

267

619

147

117

246

In particular, the consolidated financial statements
contain credit notes from previous years.

4. Cost of materials
Group
2013

Group
2012

AG
2013

AG
2012

Raw materials, auxiliary materials,
and consumables

20,260

17,309

863

300

Purchased services

44,119

50,660

507

267

Total

64,379

67,969

1,370

567

1,000 f
Group
2013

Group
2012

AG
2013

AG
2012

Infrastructure

29,040

25,863

22,232

19,507

Suprastructure

16,601

14,302

8,905

7,800

Transportation fees

11,789

12,070

0

0

Packaging services

58,027

51,635

0

0

Logistics services

42,024

32,018

0

0

Total

AG
2013

1,271

Appreciation of plant and current assets

1. Sales revenue

Other sales revenue

Group
2012

1,870

Reversal of accruals (other periods)

VI. Notes on the profit and loss statement

1,000 f

Group
2013

2,441

13,890

2,423

155

159,922

149,778

33,560

27,462

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

104 : 105

5. Personnel expenses

7. Other operating expenses
Group
2013

Group
2012

AG
2013

AG
2012

1,000 f

Group
2013

Group
2012

AG
2013

AG
2012

30,806

27,419

10,649

9,906

External services for maintenance

9,834

4,937

6,508

3,750

6,604

6,010

2,470

2,473

0

0

1,852

0

(thereof for pension scheme)

(1,007)

(877)

(825)

(769)

Legal, consulting, insurance, and similar

5,303

4,650

3,027

2,056

37,410

33,429

13,119

12,379

Lease and rental expenses

Total

6,271

4,720

1,785

1,740

Company communication and marketing

1,311

696

1,178

616

269

123

0

0

1,000 f
Wages and salaries
Social taxes and 	expenses for pension
scheme and support

Group-internal services

Prior-period expenses
For employees who have not been granted any
direct pension undertakings, Duisburger Hafen AG

operates a supplementary pension scheme provided by Rheinische Zusatzversorgungskasse Köln.

6. Write-down of intangible assets and fixed assets
Group
2013

Group
2012

AG
2013

AG
2012

Intangible assets – scheduled

1,468

1,379

92

102

10,442

9,172

2,826

2,932

0

90

0

0

Fixed assets – unscheduled
Fixed assets – portion Section 6b EStG
Total

11,523

8,235

6,586

3,150

Total

34,511

23,361

20,936

11,312

Group
2013

Group
2012

AG
2013

AG
2012

638

165

190

0

(0)

(0)

(0)

(0)

0

0

0

0

6,272

6,459

638

165

+6,462

+6,459

Group
2013

Group
2012

AG
2013

AG
2012

427

365

(0)

6,238

(5,814)

4,420

(4,061)

427

365

6,238

4,420

8. Income from participation

1,000 f
Fixed assets – scheduled

Other

0

11,909

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

10,641

2,918

3,242

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

0

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

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

0

(0)

106 : 107

VII. Other information

10. Interest income and interest expenses
Group
2013

Group
2012

AG
2013

AG
2012

428

860

497

712

(thereof from affiliated companies)

(0)

(0)

(99)

(214)

(thereof income from the discounting of
long-term provisions)

(1)

(75)

(1)

(75)

-6,767

-7,112

-5,771

-5,460

(0)

(0)

(-284)

1,000 f
Other interest and similar income

Interest and similar expenses
(thereof to affiliated companies)
(thereof expenses from the discounting of
long-term provisions)
Total

Average number of employees by company
Total employees
Industrial workers
Duisburger Hafen AG

In connection with the tax audit concluded in the
year under review, interest expenditure amounting
to 67,000 euros was taken into account in terms
of Section 233a of the German Fiscal Code (AO –
Abgabeordnung).

11. Write-downs of financial assets and current
asset securities

9

160

16

185

181

74

11

199

193

(-234)

51

10

0

61

56

dpl Süd GmbH

23

15

1

39

26

duisport rail GmbH

28

8

0

36

35

0

42
14

0

0

42

40

0

6

0

6

0

Weinzierl Verpackungen GmbH

22

3

1

26

–

Tarlog GmbH

21

9

0

30

30

Umschlag Terminal Marl GmbH & Co. KG

17

4

0

21

19

dpl India Pvt Ltd.

0

3

0

3

0

dpl International N.V.

0

2

0

2

3

24

9

0

33

24

364

357

29

746

656

(-673)

(-436)

(-625)

6,339

-6,252

-5,274

-4,748

12. Taxes on income and on revenue
The taxes on income and on revenue for the Group
amount to 3,702,000 euros and for the Duisburger
Hafen AG to 3,254,000 euros of the result of normal business operations.
In addition, an amount of 240,000 euros (2012:
226,000 euros) in the consolidated financial statements relates to a change in deferred taxes not
recognized.

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

2012

114

(-436)

In the year under review, write-downs amounting
to 547,000 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 137,000 euros (2012:
4,000 euros) were made.

2013

dpl Chemnitz GmbH

duisport packing logistics GmbH

duisport agency GmbH
dfl duisport facility logistics GmbH
IPS GmbH

The other interest income of the Group contains
prior-period income amounting to 4,000 euros.

Office staff Apprentices

duisport industrial packing service
(Shanghai) Co. Ltd.
Total

The other Group companies did not employ their
own personnel.

49

63

49

Cash equivalents amounting to 321,000 euros
resulted from companies consolidated proportionately as of 31 December 2013.

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 total interest paid by the Group during 2013
amounts to 6.9 million euros.

108 : 109

Information in terms of Section 264, Paragraph 3,
HGB and Section 264b HGB
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
as well as Umschlag Terminal Marl GmbH & Co. KG
and Holz Weinzierl Fertigungen GmbH & Co. KG
are availing themselves of the relief available under
Section 264, Paragraph 3, HGB and Section 264b
HGB in that they are foregoing disclosure of the
financial statements pursuant to Section 325 HGB.

Appropriation of profits

The following pension provisions exist for the
members of the Executive Board:

Out of Duisburg Hafen AG’s net retained earnings
totaling 7,378,568.13 euros, the Executive Board proposes distributing 3,000,000.00 euros to the shareholders and allocating the remainder to the legal
reserve.

In f

31 Dec. 2013

31 Dec. 2012

Erich Staake

1,173,041.00

1,110,245.00

1,806,376.00

1,585,343.00

633,335.00

Thomas Schlipköther
Total

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

In 2013, the individual members of the Supervisory
Board received the following overall compensation:

The members of the Supervisory Board were reimbursed for travel costs of 760.80 euros during the
financial year.

Loans to members of the Executive and
Supervisory boards

Auditing services		

115,000 euros

Other verification services	

37,000 euros

Supervisory
Board member

Other services	

30,000 euros

Sören Link1

		

Remuneration in
2013 in f
2,454.20

Ursula Lindenhofer

1,687.27

Jörg Hansen

1,329.36

Heidi Batkowski

1,278.23

Udo Vohl

1,278.23

Dr. Michael Offer

1,257.13

Benno Lensdorf

1,175.97

2

2

Total receipts of the Executive Board and the
Supervisory Board
Receipts by the Executive Board in 2013 are broken
down as follows:
2013 receipts

Gunter Adler 2

971.46

Michael Groschek

920.33

Fixed receipts

Variable receipts

Other receipts

Total

Reinhard Klingen

787.22

Erich Staake

320,000.00

309,400.00

86,277.16

715,677.16

Ulrich Brottmann

715.81

Thomas Schlipköther

205,000.00

115,900.00

29,237.84

350,137.84

Bernhard Waltenberg

715.81

Gregor Schaschek

613.55

Ulrike Schlink

613.55

Garrelt Duin

613.55

Kirsten Stecken

613.55

Torsten Burmester

562.42

Dr. Ulf Steenken

511.29

f

Markus Bangen

158,189.04

Total

683,189.04

106,463.00

52,889.521

531,763.00

168,404.52

317,541.56

1,383,356.56

Friederike Neuhäusler
Total
1

475,098.00

	Including pension scheme.

As of 31 December 2013, there were no outstanding loans to Executive Board and Supervisory Board
members.

Duisburg, 8 May 2014
Duisburger Hafen Aktiengesellschaft

Executive Board

Staake 	
(Chairman)

Schlipköther 		

Bangen

429.32

18,528.25

	 Chairman
	Vice- Chairman/Chairwoman

1

2

ANNUAL REPORT 2013 Consolidated notes and notes on the financial statements of Duisburger Hafen Aktiengesellschaft

110 : 111

Audit opinion
We have reviewed the Group financial statements
– comprised of the balance sheet, income statement, cash flow statement, and statement of
equity – with the Group notes and Group management report included with the company’s notes for
Duisburger Hafen AG, Duisburg, which is included
with the management report for the company,
for the fiscal year from 1 January to 31 December
2013. The documentation of the Group financial
statements and the Group management report
is the responsibility of the Executive 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, on the
basis of the audit performed by us, of the Group
financial statements and the consolidated management report.
We have conducted our audit of the Group financial statements in terms of § 317 of the German
Commercial Code (HGB), taking into consideration
the generally accepted German standards of audit-

ANNUAL REPORT 2013 Audit opinion

ing as specified by the Institute of Public Auditors
(IDW). These regulations require that the audit
be planned and carried out such that misstatements and contraventions materially affecting the
presentation of the net assets, financial position,
and results of operations in the Group financial
statements – taking into consideration generally
accepted accounting principles – and in the consolidated management report will be detected to
a sufficient degree of certainty. Knowledge of the
business activities and the economic and legal environment of 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 Group financial statements and in the
consolidated management report are primarily
evaluated on the basis of random sampling. The
audit includes the assessment of 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 Executive Board of the company, as well as the evaluation
of the overall presentation of the Group financial
statements and the consolidated management
report. We are of the opinion that our audit forms
a reasonable basis for our evaluation.

Düsseldorf, 8 May 2014
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft

Our audit has not led to any reservations.
In our opinion, based on the findings of our audit,
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 consolidated management report is
consistent with the Group financial statements, as
a whole provides an appropriate view of the position of the Group, and suitably presents the opportunities and risks of future development.

Norbert Linscheidt	

p.p.a. Udo Kroll

Auditor			

Auditor

112 : 113

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 State of North Rhine-Westphalia,
via Beteiligungsverwaltungsgesellschaft des Landes NordrheinWestfalen mbH with 	
30,860 million euros
The City of Duisburg with	

ANNUAL REPORT 2013 Shareholders

15,340 million
euros

114 : 115

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
a.r.t - film & medienproduktion GmbH
Benteler Distribution Deutschland
Bertschi
Hans Blossey
DP World
EffizienzCluster Management GmbH
Hamburger Logistikinstitut
Initiativkreis Ruhr GmbH
Rolf Köppen
Andreas Probst
Samskip
TOP JOB, Compamedia GmbH

printed on:

Print

ANNUAL REPORT 2013 Imprint

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

Port map

116 : 117

duisport packing logistics
Group of companies

Wasserfläche/Water area

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

LOGPORT Logistic-Center Duisburg GmbH

duisport facility logistics GmbH

Full-service provider in
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 properties and modular services
in the Ruhr region

Port and logistics concepts

Thanks to the interconnection of water, rail, and road transport,
we help industrial and logistics companies structure the flow of
goods in a manner that is as efficient, inexpensive, and environmentally friendly as possible. The 300 logistics-oriented companies
located at the port of Duisburg profit from this interconnected
logistics concept and generate added value of approximately three
billion euros annually.

dpl International NV
Antwerp

duisport rail GmbH

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

Public rail transport company and
flexible partner for rail connections

Eisenbahn/Railway

duisport Industrial Packing Service (Shanghai) Co. Ltd.
Shanghai/Wuxi

Haupterschließungsstraßen/
Important connecting road

In order to solidify our position in the framework of the globalized
economy, we pressed ahead with our international activities in
2013. We did this through, for example, increased rail routes to
Russia and China, an expansion of our packaging logistics activities
in China and India, and various consulting projects, such as for DP
World, the terminal operator of the port of Jebel Ali in Dubai. Thanks
to this dual strategy with an international and regional focus, the
duisport Group is well positioned for the future as a partner of the
economy.

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 routes, transportation 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 logistics hub and the largest inland hub in Europe,
duisport provides the optimal combination of advantageous geographical location and favorable location conditions with extensive
logistics expertise. With this as our foundation, we are able to push
forward with the optimization of transport chains – regionally as
well as at the national and international levels.

Packaging logistics

Autobahn/Motorway

Duisburger Hafen AG is the owner and managing company of the
Port of Duisburg. As the world’s largest inland port, we offer our
industrial and logistics customers tailored solutions through our
infrastructure and suprastructure, transportation and logistics
services, and packaging logistics business segments. These solutions
range from rail transport services through to establishment and
building management to comprehensive consulting services.

Transportation and
logistic services

Infrastructure and suprastructure

Participations

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

Masslog GmbH
Handling terminal for bulk cargo
(esp. imported coal)

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

Umschlag Terminal Marl GmbH & Co. KG
Terminal for combined rail transport
in the northern Ruhr region

Holz Weinzierl Fertigungen GmbH & Co. KG
Manufacturing sites in Augsburg and
Sinzing/Regensburg

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

Heavylift Terminal Duisburg GmbH
Heavy cargo terminal in the
Duisburg outer harbor

EILS – Emballages Industriels Logistique & Services
Packaging logistics with locations in
Mulhouse and Strasbourg

Tarlog GmbH
Industrial area and services

Integrated Project Services
Global project logistics for
mechanical and plant engineering

Zeichenerklärung/Legend

duisport – the right strategy for
logistics and industry

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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