DHL 2014 Annual Report Download - page 176

. Maturity structure
 m
Short-term Long-term Netting Total

Deferred tax assets 308 1,801 –357 1,752
Deferred tax
liabilities 106 335 –357 84

Deferred tax assets 486 1,153 –312 1,327
Deferred tax
liabilities 169 267 –312 124
 Inventories
Standard costs for inventories of postage stamps and spare parts
in freight centres amounted to  million (previous year:  mil-
lion). ere was no requirement to charge signicant valuation
allowances on these inventories.
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Raw materials, consumables
andsupplies 208 203 233
Finished goods and goods
purchased and held for resale 52 69 69
Work in progress 60 126 28
Advance payments 142
Inventories 321 402 332
1 Note .
 Current financial assets
 m
2013 2014
Available-for-sale financial assets 611 208
Financial assets at fair value through profit or loss 140 75
Loans and receivables 63 61
Lease receivables 7 7
Current financial assets 821 351
e change in current nancial assets is primarily attributable to
the liquidation of short-term investments in money market funds.
Of the available-for-sale nancial assets,  million (pre-
vious year:  million) was measured at fair value. Details on
restraints on disposal are contained in Note ..
 Trade receivables
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Trade receivables 6,400 6,490 7,227
Deferred revenue 534 528 596
Receivables from Group companies 6 4 2
Trade receivables 6,940 7,022 7,825
1 Note .
 Other current assets
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Prepaid expenses 680 636 687
Current tax receivables 491 490 541
Receivables from private postal
agencies 148 157 147
Income from cost absorption 61 71 87
Creditors with debit balances 43 33 48
Receivables from loss compensation
(recourse claims) 25 25 36
Receivables from employees 23 25 27
Receivables from insurance business 20 20 40
Receivables from sale of assets 0 6 6
Receivables from cash-on-delivery 7 5 4
Miscellaneous other assets 657 755 792
Other current assets 2,155 2,223 2,415
1 Note .
Of the tax receivables,  million (previous year:  million)
relates to ,  million (previous year:  million) to customs
and duties, and  million (previous year:  million) to other
tax receivables. Miscellaneous other assets include a large number
of individual items.
 Income tax assets and liabilities
 m 1 Jan. 2013 2013
adjusted 1
2014
Income tax assets 127 167 172
Income tax liabilities – 534 – 429 – 446
1 Note .
All income tax assets and liabilities are current and have maturities
of less than one year.
Deutsche Post  Group —  Annual Report
170