DHL 1999 Annual Report Download - page 119
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130
Notes to the Consolidated Balance Sheet
Interest costs are recognized under other staff costs,
together with other expenses arising from pension obli-
gations.
In line with IAS 19.92, actuarial gains/losses are recog-
nized to the extent that they exceed 10 percent of the
maximum of the defined benefit obligation and of the
plan assets. The excess amount is attributed to the
remaining working lives of the employees participating
in that plan and is stated in the Income Statement.
(32) Tax provisions
Starting with the opening figures recorded for the 1998
financial year – in the 1999 financial year,tax provisions
developed as follows:
Deferred tax liabilities could be recognized for the tem-
porary differences between values used in the commer-
cial balance sheets and those used in the tax balance
sheets of Deutsche Post AG and Deutsche Postbank AG
only to the extent that the differences occurred after
January 1, 1996 (IAS 12.15 (b)). Deferred tax liabilities
must not be recognized for differences resulting from
the initial recognition in the opening tax balance sheet
of Deutsche Post AG and Deutsche Postbank AG as of
January 1,1996.
(33) Other provisions
In accordance with IAS 37 (Provisions,Contingent Lia-
bilities and Contingent Assets),other provisions include
uncertain legal or constructive obligations toward par-
ties outside the Group that result from past events, that
make an outflow of resources embodying economic
benefits possible and that can be reliably determined.
They are distinguished from the so-called “accruals”
and “contingent liabilities”.
Accruals are characterized by a far greater degree of cer-
tainty than provisions, with regard to the date of fulfil-
ling the obligation and to its amount. They are based on
already executed past trade relations. In line with IAS
37, they are not reported as provisions but as part of
trade and other payables.
Contingent liabilities are either possible obligations,
i.e., it has yet to be confirmed whether the enterprise
has a present obligation that could lead to an outflow
of resources embodying economic benefits,or present
obligations, i.e., it is not probable that an outflow of
resources embodying economic benefits will be
required to settle the obligations, or a sufficiently
reliable estimate of the amount of the obligation
cannot be made. Under IAS 37, Contingent Liabilities
are not to be reported in the balance sheet.
EUR mill.
January 1, 1998
Application
Reversal
Transfer
December 31, 1998
Change in the
consolidated
Group
Application
Reversal
Transfer
December 31, 1999
Actual
tax
provisions
Deferred
tax
provisions
Total
159 123 282
21 0 21
1 0 1
231 36 267
368 159 527
295 303 598
169 0 169
19 0 19
359 49 408
834 511 1,345