DHL 2009 Annual Report Download - page 173

 Other non-current assets
 m 1 Jan. 2008
adjusted
1)
2008
adjusted
1)
2009
Pension assets 247 262 288
Miscellaneous 122 108 60
Other non-current assets 369 370 348
 Prior-period amount adjusted, see Note .
As part of the revision of the chart of accounts, the derivatives
(:   million;  January :   million) and the rental de-
posits provided (:   million;  January :   million)
were reclassi ed to non-current  nancial assets.
Further information on pension assets can be found in
Note .
 Deferred taxes
 m 2008 2009
Assets Liabilities Assets Liabilities
Intangible assets 98 294 57 295
Property, plant and quipment 61 38 90 32
Non-current fi nancial assets 47 2 3 0
Other non-current assets 9 29 33 36
Other current assets 29 41 33 41
Provisions 338 245 211 14
Financial liabilities 293 1 412 97
Other liabilities 167 250 67 47
Tax loss carryforwards 58 – 142 –
Gross amount 1,100 900 1,048 562
Netting – 67 – 67 –380 –380
Carrying amount 1,033 833 668 182
  million (previous year:   million) of the deferred taxes
on tax loss carryforwards relates to tax loss carryforwards in Ger-
many and   million (previous year:   million) to foreign tax
loss carryforwards.
No deferred tax assets were recognised for tax loss carry-
forwards of around  . billion (previous year:  . billion) and
for temporary di erences of around  , million (previous year:
  million), as it can be assumed that the Group will probably
not be able to use these tax loss carryforwards and temporary dif-
ferences in its tax planning. Most of the loss carryforwards are at-
tributable to Deutsche Post . It will be possible to utilise them for
an inde nite period of time. In the case of the foreign companies,
the signi cant loss carryforwards will not lapse before .
 Non-current fi nancial assets
 m 1 Jan. 2008
adjusted
1)
2008
adjusted
1)
2009
Available-for-sale fi nancial assets 301 158 150
Loans and receivables 579 461 353
Assets at fair value through profi t
or loss 95 89 805
Held-to-maturity fi nancial assets 10 10 27
Lease receivables 0 0 52
Miscellaneous 0 0 61
Non-current fi nancial assets 985 718 1,448
 Prior-period amount adjusted, see Note .
Following the revision of the chart of accounts, the derivatives
previously reported under other non-current assets (:   mil-
lion;  January :   million) and the rental deposits provided
(:   million;  January :   million) were reclassi ed
to non-current  nancial assets, and the accounts within the “loans
and receivables” and “ nancial assets available for sale” categories
were rearranged.
 e assets at fair value through pro t or loss mainly consist of
a put option related to the sale of the interest in Deutsche Postbank
to Deutsche Bank , see Note .  is item also includes deriva-
tives for hedging the currency risk.
Write-downs on  nancial assets amounting to   million
(previous year:   million) were recognised in the income state-
ment because the assets were impaired. A large proportion (  mil-
lion) of this amount is attributable to loans and receivables, while
  million is attributable to assets at fair value through pro t or loss
and   million to available-for-sale  nancial assets.
Compared with the market rates of interest prevailing at
 December  for comparable non-current  nancial assets,
most of the housing promotion loans are low-interest or interest-
free loans.  ey are recognised in the balance sheet at a present value
of   million (previous year:   million).  e principal amount of
these loans totals   million (previous year:   million).
Details on restraints on disposal are contained in Note 
(Collateral).
Deutsche Post DHL Annual Report 
156