DHL 2003 Annual Report Download - page 130
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Please find page 130 of the 2003 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.Other liabilities
Other liabilities are classified as follows:
Miscellaneous other liabilities include €47 million of long-
term liabilities and other liabilities to customers. This item also
contains a large number of individual items, none of which exceeds
€10 million.
The hybrid capital of the Deutsche Postbank group relates to
subordinated liabilities, profit participation certificates outstanding
and contributions by typical silent partners. Due to the current
residual maturity structure, these items only represent liable capital
as defined by section 10 (4), (5) and (5a) of the Kreditwesengesetz
(KWG – German Banking Act) in the amount of €1,438 million.
€620 million of the subordinated liabilities is hedged against changes
in fair value (previous year: €434 million).
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Fair value hedges with negative fair values that satisfy the
requirements of IAS 39 for hedge accounting are composed of the
following items:
Hedging derivatives (fair value hedges)
Other liabilities
in €m 2002 2003
Hybrid capital of Deutsche Postbank group 1,201 1,723
Deferred income 552 567
Tax liabilities 461 533
Compensated absences 326 342
Liabilities from the sale
of residential building loans 266 266
Wages, salaries, severance 214 242
Derivatives 102 213
Payable to employees
and members of executive bodies 152 181
Incentive bonuses 139 159
Social security liabilities 140 128
Overtime claims 86 85
COD liabilities 120 72
Liabilities from acquisitions 0 65
Other compensated absences 59 56
Debtors with credit balances 162 27
Advance payments received 16 24
Insurance liabilities 22 17
Housing management prepayments 20 16
Liabilities to Group companies 21 15
Liabilities on BHW loan 19 12
Liabilities from compensation payments 4 6
Liabilities to the federal government
(EU state aid, note 21) 907 0
Miscellaneous other liabilities 388 525
5,377 5,274
Maturities of liabilities from financial services
in €m Less than 1 year 1 to 5 years More than 5 years Total
2002 2003 2002 2003 2002 2003 2002 2003
Deposits from other banks 21,432 13,107 2,991 3,482 3,877 3,668 28,300 20,257
Due to customers 52,586 64,366 8,724 5,105 4,798 3,861 66,108 73,332
Securitized liabilities 11,522 11,843 17,032 9,626 6,243 4,798 34,797 26,267
Trading liabilities/Hedging derivatives 620 1,360 1,985 1,211 1,041 890 3,646 3,461
86,160 90,676 30,732 19,424 15,959 13,217 132,851 123,317
The maturity structure of liabilities from financial services is as follows:
in €m 2002 2003
Assets
Hedging derivatives on loans to other banks
Originated loans 200 142
Purchased loans (available for sale) 39 34
239 176
Hedging derivatives on loans to customers
Originated loans 448 346
Purchased loans (available for sale) 177 109
625 455
Hedging derivatives on investment securities
Bonds and other fixed-income securities 1,641 1,062
Equities and other non-fixed-income securities 0 9
1,641 1,071
2,505 1,702
Liabilities
Deposits from other banks 0 2
Due to customers 3 2
Securitized liabilities 137 107
Subordinated liabilities 0 1
140 112
2,645 1,814