DHL 2015 Annual Report Download - page 147

Deutsche Post  Group —  Annual Report
 New developments in international accounting under s
New Standards required to be applied in financial year 
e following Standards, changes to Standards and Interpretations
are required to be applied from  January :
Effective for
financial years
beginning on
orafter Subject matter and significanceStandard
 , Levies 17 June 2014 This interpretation provides guidance on when to recognise a liability for a levy imposed by a government. It covers the recognition
of levies imposed in accordance with laws or regulations. It does not include taxes, fines and other outflows that fall within the
scope of other standards. The effects of this interpretation on the consolidated financial statements are immaterial.
Annual Improvements
tos  –  Cycle
1 January 2015 The annual improvement process refers to the following standards: ,  ,   and  . The amendments do not
have a significant influence on the consolidated financial statements.
New accounting pronouncements adopted by the  but only required
to be applied in future periods
e following Standards, changes to Standards and Interpretations
have already been endorsed by the . However, they will only be
required to be applied in future periods.
Effective for
financial years
beginning on
orafter Subject matter and significance
Standard
(Issue date)
Amendments to  ,
Defined Benefit Plans:
Employee Contributions
( November )
1 February 2015 1 The amendments apply to the recognition of employee contributions to defined benefit retirement plans. Their objective is to
simplify accounting for employee contributions that are independent of the number of years of service. In such cases, the
servicecost in the period in which the corresponding service is rendered may be reduced. The new requirements must be applied
retrospectively. Application will not lead to any significant effects.
Annual Improvements
tos  –  Cycle
( December )
1 February 2015 1 The annual improvement process refers to the following standards:  ,  ,  ,  ,  ,  ,  ,  
and . The amendments will not have a significant influence on the consolidated financial statements.
Amendments to  ,Prop-
erty, Plant and Equipment
and , Intangible Assets:
Clarification of Acceptable
Methods of Depreciation and
Amortisation
( May )
1 January 2016 The amendments expand the existing requirements relating to the permitted depreciation and amortisation methods for
intangible assets and for property, plant and equipment. The amendments specify that revenue-based depreciation and
amortisation methods are not permitted for property, plant and equipment, and may only be used for intangible assets in certain
exceptional circumstances. In addition, the amendments clarify that a reduction in the selling price of goods and services
couldsignal obsolescence, which could in turn reflect a reduction in the economic benefits available from the asset. The
requirements are applicable prospectively. Voluntary early application is permitted. Application will not have a significant effect
on the consolidated financial statements.
Amendments to  ,
JointArrangements–
Acquisition of Interests
inJoint Operations
( May )
1 January 2016 The amendment clarifies that the acquisition and additional acquisition of interests in joint operations in which the activity
constitutes a business, as defined in   Business Combinations, must be recognised in accordance with the principles
governing business combinations accounting in   and other relevant s, with the exception of those principles that
conflict withthe requirements of  . The amendments do not apply if the reporting entity and the other parties involved
areunder the common control of the same ultimate controlling party. The new requirements are applicable prospectively.
Voluntary earlierapplication is permitted. The amendment will not have a significant effect on the Group.
Annual Improvements
tos  –  Cycle
( September )
1 January 2016 The annual improvement process refers to the following standards:  ,  ,   and  . The amendments will
nothave a significant influence on the consolidated financial statements.
Amendments to  ,
Presentation of Financial
Statements: Disclosure
Initiative ( December )
1 January 2016 The changes comprise clarifications relating to the materiality of the items presented in all components of the  financial
statements. Information that is not material need not be presented. This applies even if disclosure is explicitly required in other
standards. In addition, the revised version of   includes new rules or clarifications of existing requirements concerning the
presentation of subtotals, the structure of the notes and the disclosures on accounting policies. The presentation of the interest
in equity-accounted investments in other comprehensive income is also clarified. The amendments will not have a significant
effect on the financial statements.
The following are not relevant for the consolidated financial statements:
amendments to  , Equity Method in Separate Financial Statements.
1 The effective date was amended for companies within the . This is a departure from the original standard.
137
Consolidated Financial Statements — NOTES — Basis of preparation