DHL 2000 Annual Report Download - page 120
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The computation of benefit obligations and expenses
for the period was based on the following actuarial
assumptions:
The calculations for the Group companies in Germany
were based on the 1998 Life Expectancy Tables accord-
ing to Dr.Klaus Heubeck.
Expenses resulting from defined benefit plans in 2000
totalled €430 million (1999:€635 m).This figure
comprises the following:
Interest expense resulting from the accrual of interest
on pension claims in previous years is included under
staff costs together with other expenses arising from
pension obligations.
In accordance with IAS 19.92,actuarial gains and loss-
es are recognized to the extent that they exceed 10% of
the defined benefit obligation and plan assets.The ex-
cess amount is recognized in the income statement
over the average remaining service lives of employees.
(35) Tax provisions
Tax provisions include reserves for current and de-
ferred income tax liabilities as well as for other taxes.
Current income tax provisions are netted against the
corresponding tax refund claims,provided such pro-
visions exist in the same tax jurisdiction and are simi-
lar in terms of timing and type.
Starting from the changes relating to fiscal year 1999,
the tax provisions developed as follows in fiscal 2000:
The maturity structure of tax provisions in fiscal
year 2000 is as follows:
112
19 9 92000
Current service costs 136 148
Interests costs 388 456
Expected return on assets – 109 33
Amortization of actuarial losses – 8 – 51
Past service costs 7 8
Effects of plan reductions and settlements 16 41
430 635
Current tax
provisions
Deferred tax
provisions
Total
January 1, 1999 368 159 527
Changes in the
consolidated Group 295 303 598
Utilization 169 0 169
Reversal 19 0 19
Addition 359 49 408
December 31, 1999 834 511 1,345
Changes in the
consolidated Group –15 433 418
Utilization 237 27 264
Reversal 86 365 451
Reclassification 5 – 5 0
Differences from
currency translation – 2 – 1 – 3
Addition 160 147 307
December 31, 2000 659 693 1,352
19 9 92000in %
Rate of interest 6.0 6.0
Expected increase in wages and salaries
(per staff group) 2.0 to 3.0 2.0 to 3.5
Expected increase in retirement benefits
(per staff group) 1.75 to 2.5 1.5 to 2.5
Expected average fluctuation 1.0 1.0
Expected return on assets 3.1 to 4.25 3.1 to 6.0
Current tax
provisions
Deferred tax
provisions
Total
Due within 1 year 659 39 698
Due within 1 through 5 years 0 530 530
Due after 5 years 0 124 124
659 693 1,352
in € millions
in € millions
in € millions