Annual Report 2015

→ 78 | Flughafen

→ 78 | Flughafen Berlin Brandenburg GmbH During the period between 2015 and 2026, about 50% of the total borrowing needs according to current liquidity planning and business plan is to serve as the underlying transaction for the hedge. Risks from payment flow fluctuations in the amounts shown above are therefore excluded for future interest payments on these underlying transactions. The derivative financial instruments are cases of pending transactions and are accordingly not disclosed in the balance sheet per 31 December 2015. The interest swaps and the loans to finance the construction of the BER create a hedge in accordance with HGB. They are disclosed in the balance sheet in accordance with the net hedge presentation method. Changes in the value of the interest swaps are accordingly not disclosed in the balance sheet if they are balanced out by value changes in the underlying transaction. The creation of a provision for contingent loss would be required if there is a possibility of unrealised loss. The attributable fair value per 31 December 2015 amounts to a nominal value of about €1.1bn for a market value of €-263.7m. The market value of the swaps was determined by application of the discounted cash flow measurement. The future interest payments were discounted by the interest structure curve of 31 December 2015. The cash value of these payments represents the value of the swaps. The five swaps are amortising swaps. The prospective effectiveness of the hedging relationship was calculated on the basis of a regression analysis. In this scenario analysis, interest rates are shifted parallel in a range from -2% to +2%. Full effectiveness is to be assumed on the basis of the critical term match method. Section 285, no. 23a HGB requires disclosure in the notes of the amount of risk secured by the hedges. Owing to the creation of the hedge, the swaps have a negative market value of €-263.7m that is not to be taken into consideration. Explanatory Comments on the Consolidated Income Statement Sales revenues 2015 2014 €k % €k % Aviation 234,406 71.9 198,021 68.6 Non Aviation 51,567 15.8 49,790 17.2 Leasing 31,102 9.5 31,527 10.9 Sales revenues construction services 555 0.2 1,759 0.6 Sales revenues services 3,555 1.1 2,951 1.0 Miscellaneous 5,037 1.5 4,789 1.7 Total 326,222 100.0 288,837 100.0

Unsere Zahlen | 79 ← Expenditures and earnings related to other periods Earnings related to other periods in the amount of €24,510k (previous year €14,353k) were received in the reporting period. They comprise essentially earnings of €13,461k from insurance benefits paid (previous year €0k) and €8,023k (previous year €11,240k) from the reversal of provisions. A reduction in earnings of €596k during the reporting period resulted from the final settlement of pension benefits of previous years. Expenditures related to other periods in the amount of €2,600k (previous year €31,318k) contain primarily expenditures from the derecognition of receivables for previous years (€958k). In the previous year, the figure also included the valuation allowance of a creditor with a debit balance (€26,338k). Interest from interest accrual and discounting of provisions Expenditures related to interest accruals on provisions and liabilities of €1,885k (previous year €2,547k) were incurred in the reporting period. Income from the discounting of provisions in the amount of €123k (previous year €371k) has been disclosed in the reporting period. Miscellaneous information Related persons Existing business relationships with related persons are agreed subject to terms and conditions usual on the market. Institutions which perform official duties at the airports and other public institutions are charged rents at cost as prescribed by law. Exemption from disclosure pursuant to Section 264 (3) HGB Berliner Flughafen-Gesellschaft mit beschränkter Haftung, Berlin, and FBB Airport Assekuranz Vermittlungsgesellschaft mbH, Schönefeld, exercise the provision for exemption from the disclosure of the annual accounts pursuant to Section 264 (3) HGB. Explanatory Comments on the Consolidated Cash Flow Statement The cash flow statement was prepared in accordance with the principles of DRS 21. Total interest payments amounted to €77,239k (previous year: €80,884k). The balance of paid and reimbursed taxes on income in the fiscal year amounted to €0k in contrast to €0k in the previous year. Cash is comprised of liquid funds (€158,094k; previous year: €21,136k). In the previous year, a current account facility in the amount of €4,643k was also contained in the figure.