(43) Related Party Disclosures

In addition to business relationships with companies that are consolidated fully and proportionately in the consolidated financial statements, relationships also exist with associated companies and shareholdings that must be designated as related companies in accordance with IAS 24.

As of December 31, 2005, Hannoversche Beteiligungsgesellschaft mbH holds 25.2% of the shares in Salzgitter AG. Hannoversche Beteiligungsgesellschaft mbH is owned in its entirety (100%) by the Federal State of Lower Saxony.

Delivery and service relationships between companies in the consolidated group and companies related to the Salzgitter Group are depicted in the following table:

in T € Related companies	Sale of goods and services		Purchase of goods and services
	FY 2005	FY 2004	FY 2005	FY 2004
ThyssenKrupp GfT Bautechnik GmbH, Essen	143,102	112,844	–	–
V&M Deutschland GmbH, Düsseldorf	96,658	50,066	59,716	54,009
Hüttenwerke Krupp Mannesmann GmbH, Duisburg	27,834	12,646	379,157	236,431

Outstanding items from deliveries and services arising from the purchase or sale of goods and services between companies in the consolidated group and companies related to the Salzgitter Group are as follows:

in T € Related companies	Trade receivables		Trade payables
	31/12/2005	31/12/2004	31/12/2005	31/12/2004
ThyssenKrupp GfT Bautechnik GmbH, Essen	17,061	9,285	–	–
V&M Deutschland GmbH, Düsseldorf	12,395	8,201	1,785	6,712
Hüttenwerke Krupp Mannesmann GmbH, Duisburg	3,805	2,440	15,921	33,243

All business transactions with related companies are conducted on terms that also customarily apply among third parties.

Deliveries and services provided to related companies primarily concern deliveries of sheet piling to ThyssenKrupp GfT Bautechnik GmbH for resale and crude steel products supplied for processing.

The deliveries and services received essentially comprise deliveries of input material for the manufacture of large-diameter pipes and precision tubes.

There are contingencies totaling € 0.8 million vis-à-vis non-consolidated affiliated companies.

Remuneration paid to members of the management in key positions:

in T€	FY 2005	FY 2004
Salaries and other current payments	6,637	5,744
Payments after termination of the employment relationship	636	780
Payments resulting from the termination of employment relationships	1,034	–
Total	8,307	6,524