DHL 2000 Annual Report Download - page 116

In accordance with IAS 12.24 (b), deferred tax assets
could be recognized for the temporary differences be-
tween assigned values in a commercial balance sheet
and the tax balance sheet of Deutsche Post AG and
Deutsche Postbank AG only to the extent that the dif-
ferences occurred after January 1,1996.
Deferred assets may not be recorded to reflect dif-
ferences in value resulting from the initial entries in
Deutsche Post AG’s and Deutsche Postbank AG’s
opening tax balance sheet as of January 1, 1996. De-
ferred tax assets consist of the following:
Term of maturity for deferred tax assets on tax loss
carry forwards:
Of the total of tax loss carry forwards,the amount of
approximately €2.6 billion was not utilized to set up
deferred tax assets.
Deferred tax assets on temporary differences are at-
tributable to the following valuation differences of in-
dividual balance sheet items:
The terms to maturity of deferred tax assets on tem-
porary differences are as follows:
(30) Issued capital
In accordance with the resolution of the Extraordinary
General Meeting held on August 25,2000,the conver-
sion of the share capital to EUR,the increase of the
share capital from capital reserves by €18,635,374.24
to €1,112,800,000.00 and the conversion of the shares
to no-par-value shares was approved for Deutsche
Post AG. The issued capital equals €1,112,800,000
and was converted from 42,800,000 bearer shares to
1,112,800,000 registered no-par-value shares (shares
without a nominal stated value), currently having a
theoretical proportion in the registered share capital
of €1 for each no-par-share.
Prior to the Initial Public Offering of Deutsche Post AG,
the Federal Republic of Germany held 556,400,026
shares (50% plus 26 shares) in Deutsche Post AG and
the public financial institution,(Kreditanstalt für Wieder-
aufbau), held 556,399,974 shares (50% less 26 shares).
108
19 9 92000
Deferred tax assets and tax losses carry forwards
Deutsche Post AG 761 1,117
Deutsche Postbank AG 616 744
Danzas group 39 55
Other Group companies 82 36
1,498 1,952
Deferred tax assets based on temporary differences
Deutsche Post AG 127 137
Deutsche Postbank AG 145 172
Danzas group 42 5
Other Group companies 6 2
320 316
1,818 2,268
19992000
Intangible assets 19 3
Property, plant and equipment 19 0
Financial assets 5 83
Current assets 9 6
Pension provisions 90 94
Other provisions 147 128
Financial debt 3 0
Other liabilities 28 2
320 316
19992000
Due within 1 year 137 85
Due after 1 year through 5 years 67 137
Due after 5 years 116 94
320 316
19 9 92000
Domestic loss carry forwards
Corporation tax 850 1,305
Trade tax 596 616
International loss carry forwards 52 31
1,498 1,952
in € millions
in € millions
in € millions
in € millions