DHL 2001 Annual Report Download - page 127

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Consolidated Financial Statements
Notes
127
2000
Receivables and other assets
Trade receivables 2,944 2,973
Prepaid expenses 647 775
Receivables from private postal agencies 319 219
Tax receivables 145 186
Receivables from Deutsche Telekom AG 122 118
Receivables from employees and executive
body members 86 161
Receivables from sales of assets 67 88
Creditors with debit balances 65 111
Equalization claim pursuant to section 40 DMBilG 49 61
Receivables from subsidiaries 46 105
Recourse claims 22 28
Receivables from Bundesanstalt für Post und
Telekommunikation 21 33
Advance payments 15 82
Associate receivables 12 13
Receivables from collection documents 0 411
Short-term loans and interest receivables 1 13
Foreign currency translation adjustment from
activities of the Deutsche Postbank group 0 672
Other assets 273 648
4,834 6,697
2001
in €m
The collection documents relate primarily to
equalization claims due, debt instruments and inter-
est coupons.
The reduction in trade receivables and other
assets is due to the reclassification of collection
documents and the elimination of the foreign cur-
rency translation adjustment. This is because in
accordance with IAS 39, hedges are recognized
on the balance sheet under receivables and invest-
ment securities from financial services.
The remaining maturities of receivables and
other assets are structured as follows:
The fair values as of December 31,2001 were addi-
tionally determined for long-term receivables mea-
sured at historical cost in accordance with IAS 39.
This did not result in any significant differences
between the carrying amounts and the fair values.
There is no significant interest rate risk, because
most of these instruments bear floating rates of inter-
est at market rates.
27. Receivables and investment securities from
financial services
Receivables and investment securities from financial
services relate exclusively to the business operations
of the Deutsche Postbank group.
The following table presents an overview of the
measurement methods applied to originated receiv-
ables and investment securities in accordance with
IAS 39:
Receivables and investment securities from
financial services are composed as follows:
2000
Maturities
Less than one year 4,736 6,570
One to five years 82 127
More than five years 16 0
4,834 6,697
2001
in €m
Measurement methods
Measurement
Originated receivables (not held for trading) Amortized cost
Purchased receivables (held to maturity) Cost
Purchased receivables (held for trading) Fair value
Purchased receivables (available for sale) Fair value
Investment securities (held to maturity) Amortized cost
Investment securities (held for trading) Fair value
Investment securities (originated receivables) Amortized cost
Investment securities (available for sale) Fair value
2000
Receivables and investment securities from financial services
Receivables from banks 37,402 38,015
Receivables from customers 44,066 38,978
Risk provision (carried under assets) -621 -323
Trading assets/Hedging derivatives
(positive fair values) 7,114 764
Long-term investments 47,943 51,143
135,904 128,577
2001
in €m