DHL 2002 Annual Report Download - page 130
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45
Other liabilities
Other liabilities are classified as shown in the table to the
right.
The hybrid capital of Deutsche Postbank group relates
to subordinated liabilities, profit participation certificates
outstanding and contributions by typical silent partners.
These items correspond to section 10 (4), (5) and (5a) of
the KWG (German Banking Act). €434 million of the sub-
ordinate liabilities is hedged against changes in fair value
(previous year: €329 million).
Further details on the €907 million liability to the
federal government can be found in note 8.
The liabilities from the sale of residential building loans
relate to obligations of Deutsche Post AG to pay interest sub-
sidies to borrowers to offset the deterioration in borrowing
terms in conjunction with the assignment of receivables in
previous years, as well as pass-through obligations from
repayments of principal and interest for residential building
loans sold.
43
Financial Statements
Notes
in €m 2001 2002
Assets
Hedging derivatives on loans to other banks
Originated loans 142 200
Purchased loans (available for sale) 24 39
166 239
Hedging derivatives on loans to customers
Originated loans 626 448
Purchased loans (available for sale) 109 177
735 625
Hedging derivatives on investment securities
Bonds and other fixed-income securities 1,340 1,641
1,340 1,641
2,241 2,505
Liabilities
Deposits from other banks 6 0
Due to customers 7 3
Securitized liabilities 152 137
Subordinated liabilities 7 0
172 140
2,413 2,645
Hedging derivatives
in €m 2001 2002
Hybrid capital of Deutsche Postbank group 1,174 1,201
Liabilities to the federal government 0 907
Deferred income 787 552
Tax liabilities 315 461
Compensated absences 258 326
Liabilities from the sale
of residential building loans 254 266
Wages, salaries, severance 83 214
Debtors with credit balances 20 162
Payable to employees and
members of executive bodies 122 152
Social security liabilities 85 140
Incentive bonuses 67 139
COD liabilities 113 120
Derivatives 14 102
Overtime claims 92 86
Other compensated absences 49 59
Housing management prepayments 0 20
Liabilities on BHW loan 0 19
Liabilities to subsidiaries 103 16
Advance payments received 25 16
Liabilities from compensation payments 8 4
Payable to Bundes-Pensions-Service
für Post und Telekommunikation e.V. 45 0
Associate payables 4 4
Liabilities to joint ventures 4 1
Miscellaneous other liabilities 436 410
4,058 5,377
Other liabilities
Maturities
in €m 2001 2002
Less than 1 year 3,707 3,893
1 to 5 years 207 355
More than 5 years 144 1,129
4,058 5,377
The maturity structure of other liabilities is shown
below: