DHL 2000 Annual Report Download - page 122

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Starting from the opening inventories of fiscal year
1999,the item “other provisions”has developed as fol-
lows in fiscal year 2000:
Terms to maturity of other provisions are as follows:
The provisions for the funding of future shortfalls in
the Postal Civil Service Health Insurance Fund,which
closed on January 1,1995,include the legal obligations
of Deutsche Post AG,Deutsche Postbank AG (consol-
idated for the first time in 1999), and another succes-
sor of Deutsche Bundespost. The funding payment to
the Postal Civil Service Health Insurance Fund repre-
sents so-called “other long-term employee benefits”
which,in accordance with IAS 19 (Employee Benefits),
were calculated on the basis of an actuarial valuation.
The provision for postage stamps covers unperformed
services relating to the sale of postage stamps.
Restructuring provisions relate almost exclusively to
obligations toward employees resulting from the termi-
nation of their employment (Part-time employment
program,transitional social benefits).These provisions
are “Termination Benefits”under the guidelines set
out in IAS 19 and are calculated using the appropriate
actuarial valuation method.
114
Restructuring
provisions
Litigation
costs
Other
provisions
TotalPostage
stamps
Postal Civil
Service
Health
Insurance
Fund
Due within 1 year 47 606 196 26 141 1,012
Due after 1 year through 5 years 193 0 531 35 117 880
Due after 5 years 1,047 0 0 0 96 1,143
1,287 606 727 61 354 3,035
Restructuring
provisions
Litigation
costs
Other
provisions
TotalPostage
stamps
Postal Civil
Service
Health
Insurance
Fund
January 1, 1999 1,042 596 826 55 128 2,647
Changes in the consolidated Group 50 0 337 8* 167 562
Utilization 0 596 442 4 54 1,096
Reversal 14 0 0 8 20 42
Reclassification 0 0 0 – 55 55 0
Addition 89 593 129 72 116 999
December 31, 1999 1,167 593 850 68 392 3,070
Changes in the consolidated Group 0 0 1 3 26 30
Utilization 25 0 339 9 225 598
Currency translation difference 0 0 –1 – 1 – 3 – 5
Reversal 0 0 9 4 77 90
Reclassification 0 0 12 0 – 12 0
Addition 145 13 213 4 253 628
December 31, 2000 1,287 606 727 61 354 3,035
* Adjustment of previous year’s figures due to restatement. For more detail please refer to note 6.
in € millions
in € millions