DHL 2000 Annual Report Download - page 123
Download and view the complete annual report
Please find page 123 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.-
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
 |
 |
Restructuring provisions include:
Restructuring provisions include,in the amount of
€46 million, provisions which were set up in the
companies’opening balance sheets without affecting
income pursuant to IAS (revised 1998).
Of other provisions, the amount of €19 million is
attributable to risks from operating activities (1999:
€28 m), and the amount of €27 million is attribut-
able to pension accruals (1999: €25 m).
Other provisions represent uncertain obligations that,
pursuant to IAS 37, are recognized in an amount de-
termined by management’s best estimate. Provisions
with a term of maturity of more than one year are dis-
counted at market interest rates which reflect both the
risk and the period until performance of the obligation.
Interest expenses relating to other provisions are re-
ported under staff costs, to the extent that the provi-
sions fall under IAS 19.Interest expenses relating to
other provisions as defined under IAS 37 are recorded
in financial income and expense.
Accrued interest expenses consist of the following:
Accrued interest expense of €1 million (1999: €2 m)
resulting from other provisions was included in the
financial result.
(37) Borrow ings
Borrowings include all interest-bearing obligations of
the Deutsche Post Group excluding those attributable
to liabilities resulting from financial services.They are
categorized as follows:
Notes
19992000
Deutsche Post AG
MAIL 294 377
Retail outlets 109 137
EXPRESS 50 62
453 576
Deutsche Postbank AG 145 173
Danzas group 112 101
Van Gend & Loos 11 0
Other Group companies 6 0
274 274
727 850
Residual terms to maturity as at December 31, 2000
Due after 1
year through
M ore than
5 years
Total Due w ithin
Bonds 9090
Amounts owed to banks 1,080 245 427 408
Interest-bearing liabilities to affiliated companies 1 1 0 0
Interest-bearing liabilities to associates 1 1 0 0
Liabilities from finance leasing 83 26 32 25
Other borrowings 1,239 995 233 11
2,413 1,268 701 444
115
19 9 92000
Accrued interest expense resulting from the
Postal Civil Service Health Insurance Fund 62 62
Accrued interest expense resulting from
provisions 20 65
Accrued interest expense resulting from
other provisions 31 15
113 142
in € millions
in € millions
in € millions
1 year
5 years