DHL 2014 Annual Report Download - page 178

. Fair value measurement under  
In accordance with  , assets held for sale and liabilities asso-
ciated with assets held for sale are no longer depreciated or amor-
tised, but are recognised at the lower of their fair value less costs to
sell and their carrying amount.
e following table shows how the fair values were measured
on a non-recurring basis using dierent inputs.
Non-recurring fair value measurements
 m
Level 1 1 Level 2 2 Level 3 3
 December 
 – property – 4 –
Netherlands – aircraft – – 0
 December 
Germany – property – – 40
 – property – 2 –
1 Quoted prices (unadjusted) in active markets for identical assets or liabilities.
2 Quoted market prices that are observable directly (as a price) or indirectly
(derived from the price).
3 Inputs that are not based on observable market data.
As in the previous year, external expert appraisals are used to de-
termine the fair value of the property held for sale in the . e
comparison method is used to determine fair value. e inputs that
are assigned to level  are partly based on criteria such as the size,
age and condition of the land and buildings, the local economic
situation and comparable prices, and are adjusted accordingly. e
principal input is the price per acre.
e fair value of the aircra held for sale is determined based
on an analysis of the market and the purchase oer by a potential
buyer.
e fair values of the properties held for sale by Deutsche
Post  and Deutsche Post  Corporate Real Estate Manage-
ment GmbH & Co. Logistikzentren  classied under level  in
the previous year were determined based on the purchase oers by
potential buyers.
ere were no transfers between levels in nancial year .
 Issued capital and purchase of treasury shares
. Share capital
As in the previous year, KfW Bankengruppe (KfW) held a  
interest in the share capital of Deutsche Post  as at  Decem-
ber . e remaining   of the shares were in free oat. KfW
holds the shares in trust for the Federal Republic of Germany.
. Issued capital and purchase of treasury shares
e issued capital amounts to , million. It is composed of
,,, no-par value registered shares (ordinary shares) with
a notional interest in the share capital of  per share and is fully
paid up.
Changes in issued capital

2013 2014
Balance at  January 1,209,015,874 1,209,015,874
Addition due to st capital increase 0 656,915
Addition due to nd capital increase 0 1,507,473
Issued capital pursuant to the commercial register 1,209,015,874 1,211,180,262
Treasury shares acquired –1,313,727 –3,158,717
Treasury shares issued 1,313,727 1,651,244
Balance at  December 1,209,015,874 1,209,672,789
As at  December , Deutsche Post  held ,, treasury
shares (previous year: no treasury shares). Changes in treasury
shares are presented in the statement of changes in equity.
Authorised / contingent capital at  December 
Amount
 m Purpose
Authorised Capital  0 Increase in share capital
against cash / non-cash contri-
butions (until  April )
Authorised Capital  240 Increase in share capital
against cash / non-cash contri-
butions (until  May )
Contingent Capital  75 Issue of options / conversion
rights ( May )
Contingent Capital  75 Issue of options / conversion
rights ( May )
Contingent Capital  40 Issue of subscription rights
toexecutives ( May )
Deutsche Post  Group —  Annual Report
172