DHL 2003 Annual Report Download - page 135
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Notes
The following table provides an overview of the recognized derivative assets and liabilities, structured by remaining maturity:
Derivatives – Classification by counterparties
The following table presents the positive and negative fair values of derivatives by counterparties.
Financial Statements
Maturities
in €m Hedging derivatives Trading and banking book derivatives
Positive Negative Positive Negative Positive Negative Positive Negative
fair values fair values fair values fair values fair values fair values fair values fair values
2002 2002 2003 2003 2002 2002 2003 2003
Less than 3 months 35 47 383 376 261 260 386 607
3 months to 1 year 69 52 19 76 110 261 259 302
1 to 5 years 729 1,726 304 788 310 259 130 420
More than 5 years 288 820 126 574 162 221 126 316
1,121 2,645 832 1,814 843 1,001 901 1,645
45.1.3 Fair values of financial instruments carried at amortized cost
or at the hedged fair value
In accordance with IAS 39.166 in conjunction with IAS 32, both the carrying amounts and the full fair values must be disclosed for financial
instruments carried at amortized cost or at the hedged fair value. If there is an active market for a financial instrument, the full fair value is
expressed by the market or quoted exchange price; otherwise, the full fair value is calculated using investment techniques.
Carrying amounts/Fair values
in €m Carrying Carrying
amount Fair value amount Fair value
2002 2002 2003 2003
Assets
Cash reserve 1,307 1,307 1,623 1,623
Loans and advances to other banks 36,044 36,891 32,881 33,068
Loans and advances to customers 39,517 39,895 39,021 39,237
Allowance for losses on loans and advances –588 –588 –597 – 597
Investment securities 17,195 17,837 14,942 14,704
Liabilities
Deposits from other banks 28,300 29,011 20,271 20,791
Amounts due to customers 66,665 66,619 73,941 73,448
Securitized and subordinated liabilities 35,947 36,714 27,935 28,096
Classification by counterparties
in €m Positive Negative Positive Negative
fair values fair values fair values fair values
2002 2002 2003 2003
Banks in OECD countries 1,890 3,426 1,710 3,429
Public institutions in OECD countries 73 197 0 0
Other counterparties in OECD countries 1232330
1,964 3,646 1,733 3,459
In the following table, the carrying amounts are compared with the fair values: