DHL 2008 Annual Report Download - page 174

Download and view the complete annual report

Please find page 174 of the 2008 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 214

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214

Deutsche Post World Net Annual Report 2008
e decrease in  nancial liabilities mainly results from
reclassifying the subordinated debt of the Deutsche Postbank Group
as liabilities associated with assets held for sale in accordance with
 .
45.3 Maturity structure
46 Financial liabilities
Financial liabilities represent all interest-bearing obligations
of the Group not classi ed as liabilities from  nancial services.
€ m
2007 2008
Bonds, of which non-current: 2,019
(previous year: 1,950) 1,952 2,019
Due to banks, of which non-current: 450
(previous year: 616) 978 1,080
Finance lease liabilities, of which non-current: 499
(previous year: 551) 625 531
Liabilities to Group companies,
of which non-current: 121 (previous year: 42) 65 184
Other fi nancial liabilities, of which non-current: 229
(previous year: 5,466) 6,561 283
Financial liabilities, of which non-current: 3,318
(previous year: 8,625) 10,181 4,097
€ m Less than 1 to 2 2 to 3 3 to 4 4 to 5 More than
1 year years years years years 5 years Total
2008
Other employee benefi ts 276 219 166 112 126 383 1,282
Restructuring provisions 1,045 71 44 27 510 250 1,947
Technical reserves (insurance) 186 73 17 15 15 191 497
Postage stamps 500 00000500
Miscellaneous provisions 800 61 52 21 14 144 1,092
2,807 424 279 175 665 968 5,318
2007
Other employee benefi ts 299 242 191 187 135 415 1,469
Restructuring provisions 161 121 31 24 14 9360
Technical reserves (insurance) 144 81 19 17 16 212 489
Postage stamps 500 00000500
Miscellaneous provisions 599 540 190 125 101 345 1,900
1,703 984 431 353 266 981 4,718
Bonds
2007 2008
Nominal coupon Issue volume Issuer
Carrying
amount € m
Fair value
€ m
Carrying
amount € m
Fair value
€ m
Bond 2002 / 2012 5.125 % € 679 million Deutsche Post Finance B. V. 677 686 712 710
Bond 2003 / 2014 4.875 % € 926 million Deutsche Post Finance B. V. 952 916 958 933
46.1 Bonds
e following table contains further details on the company’s major bonds.
e bonds issued by Deutsche Post Finance . . are fully
guaranteed by Deutsche Post .
170