DHL 2003 Annual Report Download - page 126
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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 jurisdiction and relate to the same type of tax and maturity,
current income tax obligations are eliminated against corresponding
recoverable taxes. Changes in tax provisions in fiscal year 2003 are
presented in the table on the right.
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Provisions for current taxes in the amount of €606 million
(previous year: €515 million) largely relate to Deutsche Post AG
(€419 million; previous year: €415 million). Deferred tax liabilities
Tax provisions 2003
in
€m
Provisions for Deferred tax
current taxes liabilities
Total
Opening balance at Jan. 1 515 995 1,510
Changes in consolidated group –17 12 –5
Utilization –70 –78 –148
Reversal –59 0 –59
Currency translation differences – 6 –21 –27
Additions 243 1,087 1,330
606 1,995 2,601
Balance of deferred tax assets
and liabilities – –1,110 –1,110
Carrying amount at Dec. 31 606 885 1,491
Maturities of tax provisions
in €m Provisions for Deferred tax
current taxes liabilities Total
2002 2003 2002 2003 2002 2003
Less than 1 year 478 531 77 12 555 543
1 to 5 years 37 75 755 799 792 874
More than 5 years 0 0 163 74 163 74
515 606 995 885 1,510 1,491
in the amount of €885 million (previous year: €995 million) are
attributable to the Deutsche Postbank group in the amount of
€836 million (previous year: €706 million) and Deutsche Post AG
in the amount of €7 million (previous year: €241 million).
Other provisions
Changes in other provisions in fiscal year 2003 are presented below:
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Changes in other provisions
in €m
Postal Civil Other
Service Health STAR workforce
Insurance
restructuring adjustment
Postage
Miscellaneous
Fund provision
measures
stamps provisions Total
Opening balance at Jan. 1, 2003 1,386 1,077 1,078 550 791 4,882
Changes in consolidated group 0 0 105 0 45 150
Utilization 16 110 266 550 220 1,162
Currency translation differences 0 0 –21 0 –21 – 42
Reversal 0 0 100 0 55 155
Reclassification 0 0 –18 0 –3 –21
Additions 148 0 148 500 383 1,179
Closing balance at Dec. 31, 2003 1,518 967 926 500 920 4,831
Miscellaneous provisions
in €m 2002 2003
Staff-related provisions 75 81
Technical reserves (insurance) 44 67
Risks from business activities 41 59
Litigation costs 37 33
Welfare benefits for civil servants 31 34
Miscellaneous other provisions 563 646
791 920
In fiscal year 2003, the miscellaneous provisions amounting
to €920 million were composed of the items shown in the table
on the right.
Miscellaneous other provisions include a large number of
individual items, none of which exceeds €30 million.