DHL 2014 Annual Report Download - page 196

. Breakdown of other liabilities
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Tax liabilities 885 967 1,073
Incentive bonuses 576 560 580
Deferred income, of which
non-current:  (previous year: ) 353 296 385
Wages, salaries, severance
payments 286 334 354
Compensated absences 374 298 312
Payables to employees and
members of executive bodies 177 172 175
Social security liabilities 143 162 168
Debtors with credit balances 149 147 163
Liabilities from the sale
of residential building loans,
ofwhich non-current: 
(previous year: ) 153 144 162
Overtime claims 110 105 88
 liabilities 70 51 53
Liabilities from cheques issued 35 37 49
Insurance liabilities 36 26 41
Accrued rentals 34 32 39
Other compensated absences 49 39 33
Accrued insurance premiums
fordamages and similar liabilities 13 16 13
Liabilities from loss compensation 14 11 10
Miscellaneous other liabilities,
ofwhich non-current: 
(previous year: ) 822 808 753
Other liabilities 4,279 4,205 4,451
1 Note .
Of the tax liabilities,  million (previous year:  million)
relates to ,  million (previous year:  million) to cus-
toms and duties, and  million (previous year:  million) to
other tax liabilities.
e liabilities from the sale of residential building loans relate
to obligations of Deutsche Post  to pay interest subsidies to bor-
rowers to oset the deterioration in borrowing terms in conjunc-
tion with the assignment of receivables in previous years, as well as
pass-through obligations from repayments of principal and inter-
est for residential building loans sold.
Miscellaneous other liabilities include a large number of in-
dividual items.
. Maturity structure
 m 2013
adjusted 1
2014
Less than  year 3,978 4,196
More than  year to  years 41 28
More than  years to  years 7 7
More than  years to  years 7 34
More than  years to  years 28 6
More than  years 144 180
Other liabilities 4,205 4,451
1 Note .
ere is no signicant dierence between the carrying amounts
and the fair values of the other liabilities due to their short matur-
ities or market interest rates. ere is no signicant interest rate
risk because most of these instruments bear oating rates of inter-
est at market rates.
 Trade payables
Most of the trade payables have a maturity of less than one year.
e reported carrying amount of trade payables corresponds to
their fair value.
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Trade payables 5,960 6,358 6,922
1 Note .
CASH FLOW DISCLOSURES
 Cash flow disclosures
e cash ow statement is prepared in accordance with  
(Statement of Cash Flows) and discloses the cash ows in order
to present the source and application of cash and cash equivalents.
It distinguishes between cash ows from operating, investing and
nancing activities. Cash and cash equivalents are composed of
cash, cheques and bank balances with a maturity of not more than
three months, and correspond to the cash and cash equivalents
reported on the balance sheet. e eects of currency translation
and changes in the consolidated group are adjusted when calculat-
ing cash and cash equivalents.
. Net cash from operating activities
Cash ows from operating activities are calculated by adjusting
consolidated net prot / loss for tax expenses, net nancial income /
net nance costs and non-cash factors, as well as taxes paid, changes
in provisions and in other non-current assets and liabilities (net
cash from operating activities before changes in working capital).
Adjustments for changes in working capital (excluding nancial
liabilities) result in net cash from or used in operating activities.
Net cash from operating activities amounted to , mil-
lion in nancial year  compared with , million in
the previous year. e improved  made a contribution of
 million to this increase.
e depreciation, amortisation and impairment losses con-
tained in  are non-cash eects and are therefore eliminated.
ey increased from , million to , million in the report-
ing period due to the impairment losses of  million recognised
on aircra and spare parts for aircra, amongst other things. Also
adjusted were non-cash income and expenses, which increased
 by  million, but did not lead to a cash outow. ey mainly
relate to income from the remeasurement of liabilities.
Deutsche Post  Group —  Annual Report
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