DHL 2006 Annual Report Download - page 132
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27 Other noncurrent assets
Other noncurrent assets
€m Pension assets Derivatives Sureties provided Miscellaneous Total
Historical cost
Opening balance at January 1, 2005 51 161 0 23 235
Changes in consolidated group 121 0 0 37 158
Additions 13 37 23 29 102
Reclassifications 0 0 0 –2 –2
Disposals 0 –114 0 –12 –126
Currency translation differences 01023
Closing balance at December 31, 2005/
opening balance at January 1, 2006 185 85 23 77 370
Changes in consolidated group 1 0 0 –2 –1
Additions 9 1 0 103 113
Reclassifications –20020
Disposals –6 –52 –10 –41 –109
Currency translation differences 0 1 0 –6 –5
Closing balance at December 31, 2006 187 35 13 133 368
Impairment losses
Opening balance at January 1, 2005 0 0 0 0 0
Changes in consolidated group 0 0 0 0 0
Impairment losses –4 0 0 1 –3
Reclassifications 00000
Disposals 00000
Currency translation differences 0 0 0 0 0
Closing balance at December 31, 2005/
opening balance at January 1, 2006 –4 0 0 1 –3
Changes in consolidated group 0 0 0 0 0
Impairment losses –4 0 0 0 –4
Reclassifications 00000
Disposals 00000
Currency translation differences –1 0 0 0 –1
Closing balance at December 31, 2006 –9 0 0 1 –8
Carrying amounts at December 31, 2006 196 35 13 132 376
Carrying amounts at December 31, 2005 189 85 23 76 373
e derivatives – interest rate swaps/fair value hedges – relate to bonds issued
by Deutsche Post Finance, the Netherlands, and were entered into with
external banks.
Further information on pension assets can be found in Note .
28 Deferred tax assets
Deferred tax assets
€m 2005 2006
Deferred tax assets from tax loss carryforwards 225 270
Deferred tax assets from temporary differences 7301) 272
9551) 542
1) Prior-period amount restated, see Note 5.
No deferred tax assets were recognized on tax loss carryforwards of around
. billion (previous year: . billion), as it can be assumed that the Group
will not be able to use these tax loss carryforwards within the framework of
tax planning. It will be possible to utilize these tax loss carryforwards for an
indenite period of time. Most of the loss carryforwards are attributable to
Deutsche Post AG.
Deferred tax assets from tax loss carryforwards
€m 2005 2006
Deferred taxes from German tax loss
carryforwards
Corporation tax and solidarity surcharge 72 111
Trade tax 61 95
Deferred taxes from foreign tax loss
carryforwards 92 64
225 270
e maturity structure of deferred tax assets from tax loss carryforwards is
as follows:
Maturity structure
€m 2005 2006
Less than 1 year 16 48
1 to 2 years 14 42
2 to 3 years 145 111
3 to 4 years 19 15
4 to 5 years 23 18
More than 5 years 8 36
225 270
e following deferred tax assets and liabilities from temporary dierences re-
sult from dierences in the carrying amounts of individual balance sheet items:
128
Deutsche Post World Net Annual Report 2006