DHL 2009 Annual Report Download - page 152

New accounting requirements not yet adopted
by the  ( endorsement procedure)
 e  and the  issued further Standards and Interpre-
tations in  whose application is not yet mandatory for  nan-
cial year .  e application of these  is dependent on their
adoption by the .
Issue date
Applicable for
fi nancial years
beginning
on or after Signifi cance
Improvements to   April 2009 1 January 2010 relevant
  (Share-based Payment)
June 2009 1 January 2010 under review
  (Related Party
Disclosures) November 2009 1 January 2011 relevant
  (Financial Instruments)
November 2009 1 January 2013 under review
  (Extinguishing
Financial Liabilities
with Equity Instruments) November 2009 1 July 2010 under review
 for Small and
Medium-sized Enterprises
( for ) July 2009 1 January 2010 irrelevant
  (First-Time Adoption
of International Financial
Reporting Standards)
(Amendment) July 2009 1 January 2010 irrelevant
On  April , the  issued further additional minor
Improvements to .  is Standard contains a number of di er-
ent amendments a ecting  existing .  e majority of changes
apply for  nancial years beginning on or a er  January .
However, some amendments must be applied for  nancial years
beginning on or a er  July . With the entry into force as at
 January  of the revised  , the forward transaction for
.  of Postbank’s shares, which was previously not recognised
in the exchangeable bond (see Note ) due to  . (g), will be
recognised in income at its fair value of  , million.  e vola-
tilities already seen in recent months in Deutsche Post DHL’s net
 nance costs / net  nancial income could increase as a result of the
amendments to  .  e e ects of the other amendments are
currently being assessed.
On  June , the  issued amendments to  
(Share-based Payment), which clarify the accounting treatment of
Group cash-settled share-based transactions.  e amendments set
out basic principles that have amended the scope of, and a number
of the de nitions contained in,  .  e amendments shall be
applied retrospectively for annual periods beginning on or a er
 January .  e e ects on the consolidated  nancial statements
are currently being assessed.
  (Hedges of a Net Investment in a Foreign Operation)
clari es that the foreign currency risk arising between the func-
tional currency of the foreign operation and the functional cur-
rency of a parent entity may be designated as a hedged risk.  e
hedging instruments may be held by any entity within the Group.
Foreign currency di erences arising from the measurement of the
hedging instrument must be recognised in other comprehensive in-
come in accordance with  .  e date at which gains and losses
are reclassi ed from other comprehensive income to pro t or loss
is governed by  .  e Interpretation must be applied prospec-
tively.   will have no e ect on the consolidated  nancial
statements since hedges of a net investment in a foreign operation
already comply with the provisions of the Interpretation.
 e revised versions of   (Business Combinations) and
  (Consolidated and Separate Financial Statements) contain
the following changes: an option is introduced in the case of ac-
counting for acquisitions of less than   of the shares of an entity.
 is allows minority interests to be measured either at their fair
value (full goodwill method) or at the fair value of the proportionate
net assets identi ed. In addition, acquisitions and partial disposals
of shares where control is retained are accounted for as equity trans-
actions with owners, and gains or losses are not recognised.  e full
amount of the transaction costs associated with the acquisition is
recorded as an expense. Application of the amendments is manda-
tory for business combinations in  nancial years beginning on or
a er  July . As from  nancial year , business combina-
tions will be treated in accordance with the two amended Standards,
which will have a corresponding e ect on the consolidated  nancial
statements.
In July , amendments to   (Financial Instruments:
Recognition and Measurement) were published relating to eligible
hedged items in the context of hedge accounting.  e purpose of
the amendments was to provide guidance for use in designating
hedging instruments, since inconsistencies occur in practice in
particular with respect to accounting for one-sided risks and for
in ation as a component of a hedged item. Retrospective applica-
tion of the amendments is mandatory for  nancial years beginning
on or a er  July .  e e ects on the consolidated  nancial
statements are currently being assessed.
On  October , the  issued an amendment to  
(Financial Instruments: Presentation) on the classi cation of rights
issues.  is supplements   to the e ect that rights, options and
warrants on a  xed number of the entity’s own equity instruments
for a  xed amount of any currency are equity instruments if they
are o ered pro rata to all existing owners of the same class of equity
instruments.  e amendment is required to be applied for  nancial
years beginning on or a er  February . Earlier application is
permitted.  e e ects on the consolidated  nancial statements are
currently being assessed.
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Basis of preparation
135