Aims of financial management
The financial management of the MLP Group is performed by the central Treasury department in cooperation with the Controlling and Risk Management departments. Our primary aim here is to increase the Group’s financial power. Within the framework of our financial management, we ensure the liquidity of the Group at all times, control the risks involved using the various financial instruments and optimise Group-wide cash management. In addition, we implement rolling liquidity planning with a time horizon of 15 months.
No significant liabilities or receivables in foreign currencies
In the reporting period there were no significant liabilities or receivables in foreign currencies, as we generate almost 100 % of total revenue in the Eurozone. Thus, it is not necessary for us to hedge net items in foreign currencies by means of hedging instruments. You can find details on the financial risks in the notes to the consolidated financial statements, note 41 “Financial risk management”.