DHL 2001 Annual Report Download - page 148

Download and view the complete annual report

Please find page 148 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.

Page out of 188

  • 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

148
•Risk assets and capital ratio
Regulatory own resources (based on the HGB
financial statements) are as follows:
With a capital ratio of 10.8%, the Deutsche
Postbank AG group satisfies the minimum require-
ment of 8%.
42.1.2 Derivatives
Deutsche Postbank AG uses derivatives primarily to
hedge recognized and/or off-balance-sheet positions
as part of its asset/liability management policy. They
are used to hedge interest rate or other market price
fluctuations for commercial transactions.Derivatives
are also used for trading to a limited extent.
Derivatives on foreign currencies are mostly
entered into in the form of currency forwards, cur-
rency swaps, interest rate/currency swaps and cur-
rency options. Interest rate derivatives relate primar-
ily to interest rate swaps, Forward Rate Agreements
and interest rate futures and options; forward trans-
actions in fixed-income securities are occasionally
entered into.
The presentation of derivatives follows the rec-
ommendation of the Verband öffentlicher Banken
(Association of German Public Sector Banks). The
notional amounts represent the gross volume of all
sales and purchases. The notional amount is a refer-
ence value for determining reciprocally agreed set-
tlement payments; it does not represent recognizable
receivables or liabilities.
The derivatives portfolio is classified by eco-
nomic purpose as follows:
2000
Own resources
2001
Risk-weighted assets in €m 39,176 32,054
Capital charge for market risk
positions in €m 4,375 151
Positions for which capital charges
are required in €m 43,551 33,942
Tier 1 capital in €m 2,726 2,260
Tier 2 capital in €m 1,490 1,269
Liable capital in €m 4,216 3,529
Eligible own funds in €m 4,349 3,529
Tier 1 ratio in % 7.0 6.7
Capital ratio in % 10.8 10.4
Overall capital ratio in % 10.0 10.7
Derivatives
Trading derivatives 71,781 12,975 905 36 560 40
Hedging derivatives 58,115 0 1,708 0 2,413 0
Total 129,896 12,975 2,613 36 2,973 40
2001 20002001 20002001 2000
Notional amounts Positive fair values Negative fair valuesin €m