DHL 2005 Annual Report Download - page 127
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Changes in other provisions
€m
Postal Civil Service
Health Insurance
Fund
Other workforce
adjustment
measures
STAR
restructuring
provision
Postage
stamps
Miscellaneous
provisions
Total
Opening balance at January 1, 2005 1,603 1,098 712 500 1,052 4,965
Changes in consolidated group 0 125 0 0 237 362
Utilization –309 –276 –272 –500 –388 –1,745
Currency translation differences 0 10 0 0 17 27
Reversal –1,208 –50 0 0 –51 –1,309
Interest cost added back 10 51 13 0 1 75
Reclassification 0 23 0 0 –23 0
Additions 0 757 0 500 554 1,811
Closing balance at December 31, 2005 96 1,738 453 500 1,399 4,186
Of the additions to provisions for other workforce adjustment
measures amounting to €757 million, €572 million are attributable
to Deutsche Post AG and €104 million to the Deutsche Postbank
group.
Miscellaneous provisions 2004 2005
€m
Technical reserves (insurance) 286 517
Staff-related provisions 97 119
Risks from business activities 35 53
Welfare benefits for civil servants 32 33
Litigation costs 30 43
Services provided by Deutsche Telekom AG 63 63
Miscellaneous other provisions 509 571
1,052 1,399
Miscellaneous other provisions include a large number of individual
items, none of which exceeds €30 million.
Maturities of other provisions
Less than 1 year 1 to 5 years More than 5 years Total
€m 2004 2005 2004 2005 2004 2005 2004 2005
Postal Civil Service
Health Insurance Fund 3 0 200 29 1,400 67 1,603 96
Other workforce adjustment measures 346 524 685 954 67 260 1,098 1,738
STAR restructuring 423 199 276 254 13 0 712 453
Postage stamps 500 500 0 0 0 0 500 500
Miscellaneous provisions 447 602 258 374 347 423 1,052 1,399
1,719 1,825 1,419 1,611 1,827 750 4,965 4,186
e provision for the funding of future shortfalls in the Postal Civil
Service Health Insurance Fund closed to new members since Janu-
ary 1, 1995 comprises the statutory obligation of Deutsche Post AG
and of Deutsche Postbank AG together with another successor of
Deutsche Bundespost. Further information on the new nancing
structure can be found in note 4.
e provision for postage stamps covers outstanding obligations to
customers for mail and parcel deliveries from postage stamps sold but
still unused by customers, and is based on studies by market research
companies. It is measured at the nominal value of the stamps issued.
In scal year 2002, provisions for restructuring measures were recog-
nized as part of the Group-wide STAR value creation program; these
relate primarily to termination benet obligations to employees (par-
tial retirement programs, transitional benets) and expenses from
the closure of terminals.
Deutsche Post World Net
123
Notes
Consolidated Financial StatementsAdditional Information