DHL 2002 Annual Report Download - page 124

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39
Under the provisions of the Gesetz zur Neuordnung
des Postwesens und der Telekommunikation (PTNeuOG –
Posts and Telecommunications Reorganization Act),
Deutsche Post AG and Deutsche Postbank AG make benefit
and assistance payments via a special pension fund to retired
employees and their surviving dependants who are entitled
to benefits on the basis of a civil service appointment. The
amount of the payment obligations of Deutsche Post AG and
Deutsche Postbank AG is governed by section 16 of the Post-
personalrechtsgesetz (German Postal Employees Act). Since
2000, both companies have been legally obliged to pay to this
special pension fund an annual contribution of 33% of the
pensionable gross compensation of active civil servants and
the notional pensionable gross compensation of civil servants
on leave of absence. In the year under review, Deutsche Post
AG paid contributions of €645 million (previous year: €706
million) and Deutsche Postbank AG paid contributions of
€80 million (previous year: €68 million) to Bundes-Pensions-
Service für Post und Telekommunikation e.V.
Under the PTNeuOG, the federal government takes
appropriate measures to make good the difference between
the current payment obligations of the special pension fund
on the one hand and the current contributions of Deutsche
Post AG and Deutsche Postbank AG or the return on assets
on the other, and guarantees that the special pension fund
is able at all times to meet the obligations it has assumed in
respect of its funding companies. Where the federal govern-
ment makes payments to the special pension fund under the
terms of this guarantee, it cannot claim reimbursement from
Deutsche Post AG and Deutsche Postbank AG.
Until 2000, Deutsche Post AG and Deutsche Postbank
AG each operated a separate pension fund for their active and
former civil servant employees. These funds were merged
with the pension fund of Deutsche Telekom AG to form the
joint special pension fund Bundes-Pensions-Service für Post
und Telekommunikation e.V. (BPS-PT).
Tax provisions
Tax provisions contain provisions for current and deferred
income tax obligations and for other taxes. Provided that
they are due in the same tax jurisdiction and relate to
the same type of tax and maturity, current income tax
obligations are eliminated against corresponding recoverable
taxes. Tax provisions changed as follows in fiscal year 2002,
based on changes in fiscal year 2001:
38
Financial Statements
Notes
Maturities
in €m Provisions for Deferred tax Total
current taxes liabilities
2001 2002 2001 2002 2001 2002
Less than 1 year 411 478 631 77 1,042 555
1 to 5 years 0 37 227 755 227 792
More than 5 years 0 0 42 163 42 163
411 515 900 995 1,311 1,510
Tax provisions
in €m
Provisions for Deferred tax Total
current taxes liabilities
Opening balance at Jan. 1, 2001 659 693 1,352
Changes in consolidated group 2 -41 -39
Utilization 175 32 207
Reversal 359 46 405
Reclassification 0 0 0
Currency translation differences 0 1 1
Additions 284 325 609
Closing balance at Dec. 31, 2001 411 900 1,311
Changes in consolidated group 7 -2 5
Utilization 65 265 330
Reversal 26 261 287
Reclassification 7 0 7
Currency translation differences -5 1 -4
Additions 186 622 808
Closing balance at Dec. 31, 2002 515 995 1,510
The maturity structure of tax provisions is as follows: