DHL 2000 Annual Report Download - page 119

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The maturity structure of retirement benefits and
similar obligations is as follows:
Provisions for retirement benefits and similar obliga-
tions are mainly attributable to the following companies:
The majority of employees at Deutsche Post AG and
Deutsche Postbank AG participate in post-retirement
benefit plans,including both defined contribution and
defined benefit programs.
Contributions for wage earners and salaried employ-
ees are paid into the government benefit system of
statutory pension and insurance institutions in the
form of incidental wage costs.In accordance with the
statutory provisions,Deutsche Post AG and Deutsche
Postbank AG also pay contributions into a defined
contribution plan,specifically to finance the pension
claims of staff with “civil servant”status and retired
civil servants. Until December 31, 1999, the annual
fixed amount owed by Deutsche Post AG was €2,045
million, whereas the annual fixed amount owed by
Deutsche Postbank AG was €159 million. Since fis-
cal year 2000,the contribution amounts to 33% of
the annual gross salary of civil servants employed,in-
cluding those on leave.
Thus,in fiscal year 2000, the contributions fell by
€1,278 million to €767 million for Deutsche Post AG,
and by €84 million to €75 million for Deutsche
Postbank AG. The ongoing contribution payments
are entered as expenses in the operating results of the
respective year.The Company has no further obliga-
tion to make payments under defined contribution
plans beyond those mentioned above.
All other benefit programs of Deutsche Post AG and
Deutsche Postbank AG are defined benefit plans, and
for the most part, they are funded by provisions.Var-
ious commitments exist for specific employee groups.
The commitments are usually dependent on years of
service and final salary. Provisions for defined benefit
plans are calculated in accordance with IAS 19 (Em-
ployee Benefits) using the “Projected Unit Credit”
method. This involves determining future obligations
using actuarial valuation principles and taking rele-
vant actuarial assumptions into account. Future ben-
efits are attributed on a straight-line basis across the
entire period of employment of any given employee,
taking into account changes in key parameters.
January 1, 1999 6,112 16 6,128
Changes in the
consolidated Group 412 0 412
Utilization 553 2 555
Reversal 34 0 34
Addition 635 8 643
December 31, 1999 6,572 22 6,594
Changes in the
consolidated Group 59 0 59
Utilization 349 8 357
Reversal 0 1 1
Differences from
currency translation –5 0 –5
Addition 430 0 430
December 31, 2000 6,707 13 6,720
111
Notes
Provision for
retirement
benefits
Similar
obligations
Total
Due within 1 year 452 1 453
Due after 1 year through 5 years 1,525 5 1,530
Due after 5 years 4,730 7 4,737
6,707 13 6,720
Provision for
retirement
benefits
Similar
obligations
Total
19992000
Deutsche Post AG 6,079 6,016
Deutsche Postbank group 528 460
Danzas group 101 108
Van Gend & Loos 4 4
Other Group companies 8 6
6,720 6,594
in € millions
in € millions
in € millions