DHL 2006 Annual Report Download - page 143
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Notes
Changes in net pension provisions
Changes in net pension provisions1)
2005 2006
€m Germany UK Other
Deutsche
Postbank
Group Total Germany UK Other
Deutsche
Postbank
Group Total
Net pension provisions at January 1 5,118 19 110 584 5,831 4,654 183 145 585 5,567
Pension expense 19 20 54 42 135 430 24 59 101 614
Pension payments –296 0 –13 –43 –352 –291 0 –16 –44 –351
Contributions to funds –207 –13 –51 –1 –272 –217 –40 –60 –16 –333
Acquisitions 0 156 60 0 216 0 2 0 410 412
Transfers 20 0 –14 3 9 –52 0 –5 81 24
Currency translation effects 0 1 –1 0 0 0 5 2 –2 5
Net pension provisions at December 31 4,654 183 145 585 5,567 4,524 174 125 1,115 5,938
1) Restatement due to Exel purchase price allocation, see Note 3.
Payments amounting to million are expected with regard to net pension
provisions in ( million of this relates to the Group’s expected direct
pension payments and million to expected payments to pension funds).
Pension expense
Pension expense1)
2005 2006
€m Germany UK Other
Deutsche
Postbank
Group Total Germany UK Other
Deutsche
Postbank
Group Total
Current service cost, excluding employee
contributions 113 16 67 17 213 110 110 84 38 342
Interest cost 370 8 56 37 471 326 197 58 68 649
Expected return on plan assets –52 –6 –68 –3 –129 –53 –245 –77 –16 –391
Recognized past service cost 0 1 –26 0 –25 23 –31 –5 1 –12
Recognized actuarial gains (–)/losses (+) 31 1 4 4 40 44 2 6 10 62
Effects of curtailments –443 0 –6 –13 –462 –20 –10 –16 0 –46
Effects of settlements 00–10–100000
Effects of asset limit 0 0 28 0 28 0 1 9 0 10
Other 0000000000
Pension expense 19 20 54 42 135 430 24 59 101 614
1) Restatement due to Exel purchase price allocation, see Note 3.
In accordance with IAS . actuarial gains and losses are recognized only to
the extent that they exceed the greater of of the present value of the
obligations or of the fair value of plan assets. e excess amount is spread over
the remaining working lives of the active employees and recognized in the
income statement.
42 Deferred tax liabilities
Deferred tax liabilities
€m 2005 2006
Deferred tax liabilities at December 31 2,776 3,147
Balance of deferred tax liabilities and deferred
tax assets on temporary differences –1,338 –1,721
Carrying amount at December 31 1,4381) 1,426
1) Prior-period amount restated, see Note 5.
e distribution of deferred tax liabilities on temporary dierences is shown
in Note .
139
Deutsche Post World Net Annual Report 2006
Consolidated Financial Statements