40 Other Liabilities

 

 

Dec. 31, 2017

 

Dec. 31, 2018

 

in € million

 

non-current

 

current

 

non-current

 

current

 

 

 

 

 

 

 

 

 

 

 

Advance payments received

 

 

32.8

 

 

23.2

 

Miscellaneous other liabilities

 

65.3

 

73.1

 

42.5

 

574.6

 

 

 

65.3

 

105.9

 

42.5

 

597.8

 

 

 

 

 

 

 

 

 

 

 

The advance payments received include on-account payments of € 18.9 million (Dec. 31, 2017: € 24.2 million) from tenants for ancillary costs after offsetting against the corresponding trade receivables.

The Annual General Meeting of BUWOG AG held on October 2, 2018, in Vienna passed a resolution on the transfer of the shares held by the minority shareholders to the main shareholder, Vonovia SE, in return for a cash settlement of € 29.05 per share (squeeze-out). As of December 31, 2018, this results in a liability in the amount of € 335.6 million.

The miscellaneous other liabilities include purchase price liabilities in the amount of € 139.1 million (Dec. 31, 2017: € 62.6 million) for the acquisition of further shares in companies that are already consolidated.