DHL 2009 Annual Report Download - page 174

 Receivables and other current assets
Following the revision of the chart of accounts, the derivatives
(:   million;  January :   million), lease receivables
(:   million;  January :   million), other  nancial
assets (:   million;  January :   million) and rental
deposits (:   million;  January :   million) previ-
ously accounted for under this item were reclassi ed into current
 nancial assets.
 m 1 Jan. 2008
adjusted1)
2008
adjusted1)
2009
Trade receivables 6,377 5,591 4,881
Prepaid expenses 1,038 676 620
Deferred revenue 558 462 472
Current tax receivables 461 450 386
Income from cost absorption 83 71 65
Creditors with debit balances 63 51 52
Receivables from sales of assets 196 56 44
Receivables from Group companies 53 34 28
Receivables from employees 30 28 26
Receivables from loss compensation
(recourse claims) 19 17 19
Receivables from cash-on-delivery 18 15 18
Receivables from insurance business 32 37 15
Receivables from private postal
agencies 7 13 9
Miscellaneous other assets 741 580 522
Receivables and other current assets 9,676 8,081 7,157
 Prior-period amount adjusted, see Note .
Of the tax receivables,   million (previous year:   mil-
lion) relates to ,   million (previous year:   million) to
customs and duties and   million (previous year:   million)
to other tax receivables. Miscellaneous other assets include a large
number of individual items.
 Current fi nancial assets
Following the revision of the chart of accounts, the derivatives
(:   million;  January :   million), lease receivables
(:   million;  January :   million), other  nancial
assets (:   million;  January :   million) and rental
deposits (:   million;  January :   million; recog-
nised in loans and receivables), which were all previously accounted
for under receivables and other current assets were reclassi ed into
current  nancial assets.
Deferred taxes have not been recognised for temporary dif-
ferences of   million (previous year:   million) relating to
earnings of German and foreign subsidiaries because these tempo-
rary di erences will probably not reverse in the foreseeable future.
Maturity structure
 m
Short-term Long-term Total

Deferred tax assets 120 548 668
Deferred tax liabilities 30 152 182

Deferred tax assets 284 749 1,033
Deferred tax liabilities 488 345 833
 Inventories
Standard costs for inventories of postage stamps and spare
parts in freight centres amounted to   million (previous year:
  million).  ere was no requirement to charge signi cant valu-
ation allowances on these inventories.
Inventories
 m
2008 2009
Finished goods and goods purchased
and held for resale 57 47
Spare parts for aircraft 6 7
Raw materials, consumables and supplies 187 156
Work in progress 17 15
Advance payments 2 1
Inventories 269 226
 Income tax assets and liabilities
 m
2008 2009
Income tax assets 191 196
Income tax liabilities 351 292
All income tax assets and liabilities are current and have ma-
turities of less than one year.
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Balance sheet disclosures
157