DHL 2000 Annual Report Download - page 113
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Other financial assets include investments in affiliated
companies that are not consolidated, other investments
and loans.They are reported at acquisition costs.Reduc-
tions for other than temporary declines in these finan-
cial assets are recorded pursuant to IAS 25 (Accounting
for Investments). Reductions in carrying amounts
may be reversed when the reasons for the reduction
no longer exist.
(25) Inventories
Inventories are classified as follows:
Finished goods and work in progress are accounted
for at cost, moving average prices or under the LIFO
method.Valuation of inventories under the LIFO
method resulted in a positive difference of €4 million
in comparison with those valued at moving average.
Major valuation allowances for these inventory items
were not necessary.
Raw materials and supplies include postage stamps
not yet used, heating fuel and spare parts for freight
mail centers,some of which are stated at standard
costs.All other raw materials and supplies are account-
ed for at moving or weighted average prices,with
a lower current price as of the balance sheet closing
date.
(26) Receivables and other assets
Receivables and other assets are recognized at their
nominal value net of appropriate valuation allowances.
Receivable and other assets include:
The compensation claims pursuant to § 40 DMBlG
were reclassified from receivables from financial
services to receivables and other assets.The previous
year’s figures were restated accordingly.
The increase in trade receivables largely results from
the expansion of the consolidated Group.
The term to maturity of receivables and other assets is
as follows:
105
Notes
19 9 92000
Finished goods 99 64
Raw materials and supplies 50 48
Work in progress 13 8
Payments on account 7 0
169 120
19 9 92000
Trade receivables 2,973 1,845
Prepaid expenses 775 395
Compensating item from currency translation
relating to activities of Deutsche Postbank group 672 0
Receivables from collection papers 411 1,596
Receivables from private postal agencies 219 196
Tax receivables 186 460
Receivables from employees and management body 161 4
Receivables from Deutsche Telekom AG 118 96
Creditors with debit balances 111 37
Receivables from affiliated companies 105 62
Payments on account 82 0
Compensation claim pursuant to § 40 DMBilG 61 442
Receivables from the Federal Post and
Telecommunications Agency 33 0
Recourse claims 28 28
Receivables from companies in which
participations are held 13 48
Short-term loans and interest receivables 13 9
Receivables from Deutsche Post Pensions-
Service e.V. 0 13
Other assets 736 461
6,697 5,692
Dec. 31, 1999Dec. 31, 2000
Due within 1 year 6,570 5,256
Due after 1 year through 5 years 127 55
Due after 5 years 0 381
6,697 5,692
in € millions
in € millions
in € millions