DHL 2000 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2000 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

104
Housing
promotion
loans
Long-term
investments
Other loans TotalLoans to
other
investees
Investments
in associates
Other
investments
Shares in
affiliated
companies
Acquisition or manufacturing costs
January 1, 1999 34 456 684 1 160 0 3 1,338
Changes in the consolidated Group – 31 28 18 – 1 42 3 9 68
Additions 18 327 20 14 18 0 14 411
Reclassifications 447 0 – 447 – 14 0 0 14 0
Disposals 448 12 235 0 197 0 8 900
December 31, 1999 20 799 40 0 23 3 32 917
Changes in the consolidated Group – 2 – 306 0 0 0 0 – 8 – 316
Additions 8 44 44 3 3 1 11 114
Reclassifications 0 0 0 0 0 0 0 0
Disposals 16 37 2 0 6 0 1 62
December 31, 2000 10 500 82 3 20 4 34 653
Amortization
January 1, 1999 0 14 0 1 0 0 0 15
Changes in the consolidated Group 0 0 0 – 1 0 0 0 – 1
Depreciation 0 14 0 0 0 0 0 14
Reclassifications 0 0 0 0 0 0 0 0
Disposals 0 0 0 0 0 0 0 0
December 31, 1999 0 28 0 0 0 0 0 28
Changes in the consolidated Group 0 0 0 0 0 0 0 0
Depreciation 0 13 0 0 0 0 0 13
Reclassifications 0 0 0 0 0 0 0 0
Disposals 0 0 0 0 0 0 0 0
December 31, 2000 0 41 0 0 0 0 0 41
Balance sheet value as
at December 31, 2000 10 459 82 3 20 4 34 612
Balance sheet value as at December 31, 1999 20 771 40 0 23 3 32 889
(24) Financial assets
Investments in associates are accounted for under
the equity method pursuant to IAS 28 (Accounting
for Investments in Associates). The investments are
initially recorded at cost. On the basis of acquisition
costs,the carrying amount of the investment is in-
creased or decreased by the changes in the investee’s
equity to the extent that they affect the investment
of Deutsche Post AG. Goodwill included in the car-
rying amounts of the investment is amortized over a
period of 20 years using the straight-line basis,tak-
ing into consideration its estimated life.
The determination of amortization periods and regu-
lar review of the recoverability of the carrying value
of the goodwill are made in a manner consistent with
the methods applied to subsidiaries.If there is evidence
of impairment, write-downs are recorded.
Starting from the beginning of fiscal year 1999,the fi-
nancial assets developed as follows in fiscal year 2000:
in € millions