DHL 2008 Annual Report Download - page 175
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Deutsche Post World Net Annual Report 2008
Consolidated Financial Statements
Notes
and the liabilities results from longer economic useful lives of the
assets compared with a shorter repayment period for the rental. e
notional amount of the minimum lease payments totals mil-
lion (previous year: , million).
46.2 Due to banks
e following table contains the terms and conditions of signi cant individual contracts reported under amounts due to banks:
Terms and conditions
Carrying
amount 2007
Carrying
amount 2008
Bank Interest rate End of term € m € m
Deutsche Post International B. V., Netherlands European Investment Bank Luxembourg 4.923 12 / 2011 112 117
Deutsche Post International B. V., Netherlands European Investment Bank Luxembourg 3-month fl oater 06 / 2011 57 40
Deutsche Post International B. V., Netherlands European Investment Bank Luxembourg 5.81 02 / 2011 34 19
Deutsche Post AG, Germany DZ Bank 4.565 12 / 2010 200 200
Deutsche Post AG, Germany SEB AG 3.100 01 / 2009 0249
403 625
Liabilities from fi nance leases
€ m
Leasing partner Interest rate Maturity Asset 2007 2008
DHL Aviation (Netherlands B.V.)
(formerly DHL Operations B.V., Netherlands)
Barclays Mercantile
Business Financing Limited,
London 3.745 % 2027 / 2028 16 aircraft 382 289
Deutsche Post AG, Germany T-Systems Enterprise
Services GmbH, Germany –2011 IT equipment 33 13
Maturity structure
€ m Present value
Liabilities from fi nance leases
Minimum lease payments
Notional amount
2007 2008 2007 2008
Less than 1 year 74 32 78 34
1 to 5 years 137 137 182 168
More than 5 years 414 362 824 667
Total 625 531 1,084 869
€ m
2007 2008
Loan notes due to Exel’s former shareholders Deutsche Post AG 126 77
Loan from Deutsche-Post-Betriebsrenten-Service e.V. Deutsche Post AG 347 0
Loans from Bundes-Pensions-Service für Post und Telekommunikation Deutsche Post AG 42 0
Subordinated debt Deutsche Postbank Group 5,603 0
Miscellaneous fi nancial liabilities Other Group companies 443 206
Other fi nancial liabilities 6,561 283
e above-mentioned liabilities due to banks are fully guar-
anteed by Deutsche Post .
46.3 Liabilities from fi nance leases
Finance lease liabilities mainly relate to the following items:
e leased assets are recognised in property, plant and equip-
ment at carrying amounts of million (previous year: mil-
lion). e di erence between the carrying amounts of the assets
46.4 Other fi nancial liabilities
171