DHL 2014 Annual Report Download - page 149

An analysis of Deutsche Post  Group’s investment port-
folio revealed that it only held investments in companies that are
active in the Group’s core business area. is means that reporting
the income and expenses from these investments under operating
prot  gives a better view of operating performance. As a
result, the net income from investments accounted for using the
equity method item and those eects from available-for-sale nan-
cial assets relating to equity investments have been reclassied
from net nance costs to prot from operating activities. is item
has been reclassied retrospectively.
Balance sheet adjustments at  January  and  December 
 m 1 Jan. 2013 Adjustment 1 Jan. 2013
adjusted
31 Dec. 2013 Adjustment 31 Dec. 2013
adjusted

Intangible assets 12,151 –5 12,146 11,836 –4 11,832
Property, plant and equipment 6,663 –11 6,652 6,814 –14 6,800
Investments in associates 46 – 46 –48 – 48 –
Investments accounted for using the equity method – 66 66 – 68 68
Non-current financial assets 1,039 –1 1,038 1,124 –1 1,123
Other non-current assets 298 3 301 184 3 187
Inventories 322 –1 321 403 –1 402
Trade receivables 6,959 –19 6,940 7,040 –18 7,022
Other current assets 2,153 2 2,155 2,221 2 2,223
Income tax assets 127 0 127 168 –1 167
Cash and cash equivalents 2,400 –5 2,395 3,417 –3 3,414
Total  33,857 –17 33,840 35,478 –17 35,461
  
Other reserves – 475 1 – 474 – 819 2 – 817
Retained earnings 6,031 –14 6,017 7,198 –15 7,183
Non-controlling interests 209 –2 207 191 –1 190
Provisions for pensions and similar obligations 5,216 0 5,216 5,017 –1 5,016
Other non-current provisions 1,943 11 1,954 1,574 15 1,589
Non-current financial liabilities 4,413 8 4,421 4,612 7 4,619
Current provisions 1,663 4 1,667 1,745 7 1,752
Current financial liabilities 403 7 410 1,328 7 1,335
Trade payables 5,991 –31 5,960 6,392 –34 6,358
Other current liabilities 4,004 –1 4,003 3,981 –3 3,978
Income tax liabilities 534 0 534 430 –1 429
Total    33,857 –17 33,840 35,478 –17 35,461
Income statement adjustments  January to  December 
 m 2013 Adjustment 2013
adjusted
Revenue 55,085 –173 54,912
Other operating income 1,961 1 1,962
Materials expense –31,212 174 –31,038
Staff costs –17,785 9 –17,776
Depreciation, amortisation and impairment losses –1,341 4 –1,337
Other operating expenses –3,847 –16 –3,863
Net income from investments accounted for using the equity method – 5 5
Profit from operating activities  2,861 4 2,865
Net income from associates 2–2 –
Net finance costs –289 –4 –293
Deutsche Post  Group —  Annual Report
143
Consolidated Financial Statements — NOTES — Basis of preparation