DHL 1999 Annual Report Download - page 121
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132
Notes to the Consolidated Balance Sheet
Other provisions represent uncertain obligations, in
line with IAS 37 recognized at the amount determined
by best estimate. Provisions falling due after more than
one year are discounted at market rates reflecting both
risk and period until performance of the obligation.
Interest cost resulting from other provisions are report-
ed under staff costs, provided the provisions have to be
valued in accordance with IAS 19. Otherwise they are
recognized under financial income, in accordance with
IAS 37.
Interest cost includes:
Interest cost resulting from other provisions affected the
financial income to the amount of EUR 2 million (1998:
EUR 2 million).
(34) Borrowings
Borrowings include all interest-bearing obligations of
the Deutsche Post Group, provided they do not belong
to liabilities arising from financial services:
Of the reported borrowings, amounts owed to banks
amounting to EUR 46 million are secured by mort-
gage (on Dec. 31, 1998: EUR 103 million). Other bor-
rowings are not secured by mortgage (and were not
on Dec.31,1998).
Interest cost resulting from Postal
Civil Service Health Insurance Fund
Interest cost resulting from
restructuring provisions
Interest cost resulting
from other provisions
1999 1998
62 77
65 43
15 3
142 123
EUR mill.
EUR mill.
12.31.1999
Bonds
Amounts owed
to banks
Other
borrowings
Total of which
due within
1 year
of which
due after
5 years
9 9 0
952 101 429
788 453 0
1,749 563 429
EUR mill.
12.31.1998
Bonds
Amounts owed
to banks
Other
borrowings
Total of which
due within
1 year
of which
due after
5 years
0 0 0
928 96 344
910 462 0
1,838 558 344