DHL 2005 Annual Report Download - page 114

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e following deferred tax assets and liabilities from temporary dif-
ferences result from dierences in the carrying amounts of individual
balance sheet items:
Deferred tax assets & liabilities from temp. differences
2004 2005
€m Assets Liabilities Assets Liabilities
Intangible assets 25 100 28 198
Property, plant and equipment 33 80 12 102
Noncurrent financial assets 6 8 0 14
Other noncurrent assets – – 12 4
Current assets
Receivables and other securities
from financial services 126 796 67 721
Other current assets 31 0 103 0
Provisions 545 332 387 42
Financial liabilities 7 0 0 0
Liabilities from financial services 142 113 209 163
Other liabilities 6 3 13 9
921 1,432 831 1,253
Balance of deferred tax assets
and liabilities
of which from temporary dif-
ferences –494 –494 –173 –173
of which from tax loss
carryforwards 0 –9 0 0
Carrying amount 427 929 658 1,080
e maturity structure of deferred tax assets from tax loss carryfor-
wards is as follows:
Maturities of deferred tax assets from temporary differences
2004 2005
€m
Less than 1 year 129 198
1 to 5 years 154 371
More than 5 years 144 89
427 658
28 Inventories
Inventories 2004 2005
€m
Finished goods and goods purchased
and held for resale 77 51
Spare parts for aircraft 74 66
Raw materials and supplies 65 117
Work in progress 2 46
Advance payments 9 2
227 282
Standard costs for inventories of postage stamps and spare parts
in freight centers amounted to €14 million, as in the previous year.
ere was no requirement to charge signicant valuation allowances
on these inventories.
29 Noncurrent assets and disposal groups held for sale
e amounts reported as current assets in accordance with IFRS 5
relate to the following companies that are held for sale:
Companies held for sale 2005
€m
McPaper AG (McPaper), Berlin, Germany 24
Deutsche Post Wohnen GmbH, Bonn (DP Wohnen), Germany 2
DHL Express Denmark A/S, Denmark – buildings 2
28
e companies McPaper and DP Wohnen were sold in January
2006.
30 Current tax receivables
Current tax receivables amounting to €576 million (previous year:
€630 million) are composed of the following items:
Current tax receivables 2005
€m
Income tax receivables 278
Value-added tax receivables 203
Customs and duties receivables 30
Other tax receivables 65
576
Annual Report 2005
110