DHL 1999 Annual Report Download - page 111
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122
Notes to the Consolidated Balance Sheet
There are restraints on the disposal of property, plant
and equipment with a carrying amount of EUR 55 mil-
lion (1998: EUR 0 million). Property, plant and equip-
ment pledged as security provide for a carrying amount
of EUR 10 million (1998:EUR 1 million).Commitments
were taken on to acquire property, plant and equipment
valued at EUR 10 million (1998:EUR 0 million).
(22) Financial assets
Investments in associates are accounted for under the
equity method (IAS 28:Accounting for Investments in
Associates). The investment is initially recorded at cost.
On the basis of the acquisition costs, the carrying
amount of the investment is increased or decreased by
the changes in the investee’s equity to the extent that
they effect the investment of Deutsche Post AG.
Goodwill included in the carrying amounts of the
investment is amortized over a period of 20 years using
the straight-line basis, taking into consideration its
estimated useful life. Its value, like that of the goodwill
of subsidiaries,is reviewed at regular intervals.If neces-
sary,special amortization is carried out.
Other financial assets include investments in affiliated
companies that are not included in the consolidated
Group, other participating interest and loans. They are
recorded at their acquisition cost. If there is a decline
other than temporary in the value of the financial assets,
they are subject to non-scheduled depreciation, in
accordance with IAS 25 (Accounting for Investments).
If the reasons for non-scheduled depreciation no longer
exist, appreciation is provided.