DHL 2008 Annual Report Download - page 173
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Deutsche Post World Net Annual Report 2008
Consolidated Financial Statements
Notes
45.2 Miscellaneous provisions
€ m
2007 2008
Tax provisions 256 328
Litigation costs 84 117
Risks from business activities 141 95
Postal Civil Service Health Insurance Fund 97 31
Welfare benefi ts for civil servants 29 25
Staff-related provisions 25 22
Home savings business (Deutsche Postbank Group) 710 0
Other provisions 558 474
Miscellaneous provisions 1,900 1,092
e decrease in miscellaneous provisions mainly results
from reclassifying the amounts of the Deutsche Postbank Group in
accordance with .
Of the tax provisions, million (previous year: mil-
lion) are accounted for by , million (previous year: million)
by customs and duties and million (previous year: million)
by other tax provisions.
Risks from business activities comprise obligations such as
expected losses and warranty obligations. Miscellaneous other pro-
visions include a large number of individual items, none of which
exceeds million.
45 Other provisions
€ m
2007 2008
Other provisions, of which non-current:
2,511 (previous year: 3,015) 4,718 5,318
45.1 Changes in other provisions
€ m Other
employee
benefi ts
Restructuring
provisions
Technical
reserves
(insurance)
Postage
stamps
Miscellaneous
provisions Total
As at 1 January 2008 1,469 360 489 500 1,900 4,718
Changes in consolidated group 0– 5 0 0 7 2
Utilisation – 610 – 205 – 68 – 500 – 1,155 – 2,538
Currency translation differences – 3 – 19 – 30 0– 68 – 120
Reversal – 28 – 59 0 0 – 211 – 298
Interest cost added back 42 5 2 0 8 57
Reclassifi cation – 40 – 54 0 0 – 917 – 1,011
Additions 452 1,924 104 500 1,528 4,508
As at 31 December 2008 1,282 1,947 497 500 1,092 5,318
e provision for other employee bene ts primarily covers
workforce reduction expenses (severance payments, transitional
bene ts, partial retirement, etc.).
e restructuring provisions comprise all expenses resulting
from the restructuring measures within the express business as
well as in other areas of the Group. ese are measures which relate
primarily to termination bene t obligations to employees (partial
retirement programmes, transitional bene ts) and expenses from
the closure of terminals, for instance.
e technical reserves (insurance) mainly consist of out-
standing loss reserves and reserves; further details can be
found in Note 7.
e provision for postage stamps covers outstanding obli-
gations 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.
169