DHL 2009 Annual Report Download - page 188

. Finance lease liabilities
Finance lease liabilities mainly relate to the following items:
 m
Leasing partner Interest rate End of term Asset 2008 2009
 Aviation (Netherlands) . ., Netherlands Barclays Mercantile Business
Financing Limited, London 3.745 % 2027 / 2028 16 aircraft 289 34
Deutsche Post Immobilien GmbH, Germany Lorac Investment Management
 6 % 2016 Real estate 17 15
 Express  Inc.,  Wachovia Financial Services; Wells
Fargo 6.739 % 2019 / 2022
Sorting system
software 37 35
 Supply Chain Management Inc., Canada
Bank of Nova Scotia 1.35 – 1.55 % 2012 / 2013
Warehouse,
o ce equipment 51 41
Deutsche Post , Germany -Systems Enterprise
Services GmbH, Germany 5 % 2011  equipment 13 19
 e liabilities of  Aviation were settled prematurely in
 nancial year .  e leased assets are recognised in property,
plant and equipment at carrying amounts of   million (previous
year:   million).  e di erence between the carrying amounts
of the assets 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
  million (previous year:   million).
Maturity structure
 m Present value
(finance lease liabilities)
Minimum lease payments
notional amount
2008 2009 2008 2009
Less than  year 32 28 34 29
 to  years 137 155 168 180
More than  years 362 86 667 110
Total 531 269 869 319
. Financial liabilities recognised at fair value through profi t or loss
 e amounts recognised in this account relate to the negative
fair values of derivative instruments:
 m 1. Jan. 2008
adjusted
1)
2008
adjusted
1)
2009
Financial liabilities recognised at fair
value through profi t or loss 157 652 141
 Prior-period amount adjusted, see Note .
Further details on the changes can be found in Note .
. Other fi nancial liabilities
 m
1 Jan. 2008
adjusted
1)
2008
adjusted
1)
2009
Mandatory exchangeable
bond (with accrued interest)
Deutsche
Post  0 0 2,670
Other liabilities related to the
sale of Deutsche Postbank
shares
Deutsche
Post  0 0 1,320
Loan notes due to Exel’s
existing shareholders
Deutsche
Post  126 77 61
Subordinated debt Deutsche
Postbank
Group 5,603 0 0
Miscellaneous fi nancial
liabilities
Other Group
companies 1,018 331 405
Other fi nancial liabilities 6,747 408 4,456
 Prior-period amount adjusted, see Note .
 e increase in other  nancial liabilities mainly results from
the sale of Deutsche Postbank shares. Financial liabilities consist
of a mandatory exchangeable bond on  million Postbank shares,
cash collateral on the purchase of another  million Postbank
shares and a payment on settled hedging transactions signed to
hedge Deutsche Bank shares, see Note .
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Balance sheet disclosures
171