DHL 2001 Annual Report Download - page 136
Download and view the complete annual report
Please find page 136 of the 2001 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
136
The following pension expenses were incurred
in fiscal year 2001 compared with the prior-year
period:
The accrued interest expense on entitlements
acquired in previous periods is carried under staff
costs together with the other expenses from the
retirement benefit obligation.
The following table presents the change in the
net liabilities recognized for the year under review
and the previous year:
In accordance with IAS 19.92, actuarial gains
and losses are recognized only to the extent that
they exceed the greater of 10% of the present value
of the obligations or of the fair value of plan assets.
The excess amount is spread over the remaining
working lives of the active employees and recog-
nized in income.
The actual return on plan assets is presented
below:
35. Tax provisions
Tax provisions contain provisions for current and
deferred income tax obligations and for other taxes.
Provided that they are due in the same tax jurisdic-
tion and relate to the same type of tax and maturity,
current income tax obligations are eliminated against
corresponding recoverable taxes.
Tax provisions changed as follows in fiscal year
2001, based on changes in fiscal year 2000:
2000
Pension expenses
2001
in €m
Current service cost 136 127
Interest cost 418 449
Expected return on plan assets 72 49
Amortized actuarial gains/losses 28 117
Amortized past service cost 1 3
Effects of plan curtailments and settlements 0 16
Other 12 0
Expected employee contributions 6 0
Pension expense 461 429
2000
Return on plan assets
2001
in €m
Expected return on plan assets 72 70
Gain/loss on plan assets -26 40
Actual return on plan assets 46 110
2000
Recognized net liabilities
2001
in €m
Carrying amount at Jan. 1 6,669 6,534
Changes in consolidated group 6 59
Pension expense 461 429
Pension payments 339 207
Contributions to funds 224 142
Transfers of assets 0 0
Effects of plan curtailments and settlements 10 0
Exchange differences 2 4
Carrying amount at Dec. 31 6,581 6,669
Total
Tax provisions
Opening balance at Jan. 1, 2000 834 511 1,345
Changes in
consolidated group -15 433 418
Utilization 237 27 264
Reversal 86 365 451
Reclassification 5 -5 0
Exchange differences -2 -1 -3
Appropriation 160 147 307
Closing balance at Dec. 31, 2000
659 693 1,352
Changes in
consolidated group 2 -41 -39
Utilization 175 32 207
Reversal 359 46 405
Reclassification 0 0 0
Exchange differences 0 1 1
Appropriation 284 325 609
Closing balance at Dec. 31, 2001
411 900 1,311
Deferred tax
liabilities
Provisions for
current taxes
in €m