DHL 2015 Annual Report Download - page 200

Deutsche Post  Group —  Annual Report
Reconciliation of carrying amounts in the balance sheet at  December 
 m
Carrying amount Carrying amount by   measurement category
Financial assets and liabilities at fair value
through profit or loss
Available-for-sale
financial assets
Trading Fair value option

Non-current financial assets 1,363
at cost 907 0 0 24
at fair value 456 53 114 264
Trade receivables 7,825
at cost 7,825 0 0 0
Other current assets 2,415
at cost 1,048 0 0 0
outside   1,367 0 0 0
Current financial assets 351
at cost 68 0 0 0
at fair value 283 37 0 208
Cash and cash equivalents 2,978 0 0 0
Total  14,932 90 114 496
  
Non-current financial liabilities 1 4,683
at cost 4,671 0 0 0
at fair value 12 0 0 0
Other non-current liabilities 255
at cost 160 0 0 0
outside   95 0 0 0
Current financial liabilities 486
at cost 353 0 0 0
at fair value 133 75 0 0
Trade payables 6,922
at cost 6,922 0 0 0
Other current liabilities 4,196
at cost 390 0 0 0
outside   3,806 0 0 0
Total    16,542 75 0 0
1 The Deutsche Post  and Deutsche Post Finance . . bonds included in current and non-current financial liabilities were partly designated as hedged items in a fair value hedge and are
thussubject to a basis adjustment. The bonds are therefore recognised neither at full fair value nor at amortised cost. Non-current financial liabilities also include the convertible bond
issuedby Deutsche Post  in December . The listed bond had a fair value of , million at  December . The fair value of the debt component was , million.
If there is an active market for a nancial instrument (e. g. stock
exchange), the fair value is determined by reference to the market
or quoted exchange price at the balance sheet date. If no fair value
is available in an active market, the quoted prices in an active mar-
ket for similar instruments or recognised valuation techniques are
used to determine fair value. e valuation techniques used incor-
porate the key factors determining the fair value of the nancial
instruments using valuation parameters that are derived from the
market conditions as at the balance sheet date. Counterparty risk is
analysed on the basis of the current credit default swaps signed by
the counterparties. e fair values of other non-current receivables
and held-to-maturity nancial investments with remaining matur-
ities of more than one year correspond to the present values of the
payments related to the assets, taking into account current interest
rate parameters.
Cash and cash equivalents, trade receivables and other receiv-
ables have predominantly short remaining maturities. As a result,
their carrying amounts as at the reporting date are approximately
equivalent to their fair values. Trade payables and other liabilities
generally have short remaining maturities; the recognised amounts
approximately represent their fair values.
e nancial assets classied as available for sale include shares
in partnerships and corporations for which there is no active market
in the amount of  million (previous year:  million).
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