DHL 1999 Annual Report Download - page 120
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Notes
131
Starting with the opening figures for the 1998 financial
year – in the 1999 financial year, other provisions
developed as follows:
The provision for the expected shortfall between the
sources of regular income of the Postal Civil Service
Health Insurance Fund and the benefits paid covers the
obligations of Deutsche Post AG and Deutsche Post-
bank AG, for the first time included in 1999, to be met,
together with another legal successor to the former
Deutsche Bundespost. The balancing payments to the
Postal Civil Service Health Insurance Fund represent
so-called “other long-term employee benefits” which
were determined by actuarial valuation, in accordance
with IAS 19 (Employee Benefits).
The provision for postage stamps covers unperformed
services relating to the sale of postage stamps.
Restructuring provisions exclusively cover obligations
towards employees resulting from the termination of
their employment (part-time employment programs
for old-age pensioners, bridge allowances). In line with
IAS 19, they are qualified as “termination benefits” and
accordingly determined by actuarial valuation.
Restructuring provisions include:
EUR mill. Civil Service
Health
Insurance Fund
Postage
stamps Restructuring
provisions Other
provisions Total
January 1, 1998
Application
Reversal
Transfer
December 31, 1998
Changes in the consolidated Group
Application
Reversal
Transfer
December 31, 1999
1,146 670 756 274 2,846
0 670 234 150 1,054
104 0 0 43 147
0 596 304 102 1,002
1,042 596 826 183 2,647
50 0 337 167 554
0 596 442 58 1,096
14 0 0 28 42
89 593 129 188 999
1,167 593 850 452 3,062
Deutsche Post AG
Mail
Retail outlets
Express
Deutsche Postbank AG
Danzas Group
1999 1998
377 524
137 232
62 70
576 826
173 0
101 0
850 826
EUR mill.