DHL 2001 Annual Report Download - page 137

Consolidated Financial Statements
Notes
137
The maturity structure of tax provisions is as
follows:
The provisions are primarily attributable to the
following companies:
The increase in deferred tax assets at the Deutsche
Postbank group results from the application of
IAS 39, and in particular the first-time recognition
of derivatives and of the fair values of financial
instruments held for trading and available-for-sale
financial instruments.
The following deferred tax liabilities on tempo-
rary differences result from differences in the carry-
ing amounts of individual balance sheet items:
In accordance with IAS 12.15 (b), deferred
tax liabilities were only recognized on temporary
differences between the carrying amounts in the
IAS financial statements and in the tax accounts
of Deutsche Post AG and Deutsche Postbank AG
where the differences arose after January 1, 1996.
No deferred tax liabilities can be recognized on
temporary differences resulting from differing car-
rying amounts (initial differences) in the opening
tax accounts as of January 1, 1996.
36. Other provisions
In accordance with IAS 37 (Provisions,Contingent
Liabilities and Contingent Assets), other provisions
relate to legal or constructive obligations to non-
Group third parties that arise from past events, that
are expected to result in an outflow of resources
embodying economic benefits, and that can be
measured reliably. A distinction is made between
provisions, accruals and contingent liabilities.
Accruals are liabilities arising from past obli-
gating events. The uncertainty of the amount or
timing of accruals is generally much less than for
provisions. In accordance with IAS 37, they are not
reported under provisions, but under liabilities.
Contingent liabilities are firstly possible obliga-
tions whose existence will be confirmed only by the
occurrence or non-occurrence of one or more un-
certain future events not wholly within the control
2000
Deferred tax liabilities on temporary differences
2001
in €m
Intangible assets 68 56
Property, plant and equipment 101 136
Long-term investments 43 342
Current assets
Financial services 592 31
Other current assets 1 0
Pension provisions 0 0
Other provisions 82 107
Financial liabilities 0 0
Other liabilities 13 21
900 693
Total
Maturities
Deferred tax
liabilities
Provisions for
current taxes
in €m
2000200120002001
Deferred tax
liabilities
Deutsche Postbank group 45 368 691 426
Deutsche Post AG 332 260 185 214
Danzas group 26 21 18 50
Other Group companies 8 10 6 3
411 659 900 693
Provisions for
current taxes
in €m
200020012000200120002001
Less than one year 411 659 631 39 1,042 698
One to five years 0 0 227 530 227 530
More than five years 0 0 42 124 42 124
411 659 900 693 1.311 1,352