40 Other Liabilities
|
|
Dec. 31, 2017 |
|
Dec. 31, 2018 |
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||||
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.