DHL 2010 Annual Report Download - page 183

Since March , the .  interest in the Deutsche Postbank
Group has been accounted for using the equity method. Since this
also accounts for the largest portion of this balance sheet item,
the following table only reports the assets, liabilities, income from
banking transactions and net pro t of Deutsche Postbank  (all
items  ).
 e equity investment in Deutsche Postbank  attributable
to Deutsche Post  had a market valuation of  , million as
at  December  (previous year:  , million), based on the
price of  . per share (previous year:  .).  e carrying
amount of Deutsche Postbank ’s equity investment was reduced
by   million due to the lower share price; see Note .
As at  December , Deutsche Post  held ,,
shares of Deutsche Postbank. All Postbank shares were pledged as
collateral in connection with the second and third tranches of the
planned sale of the interest in Postbank; see Notes ,  and .
 Non-current fi nancial assets
 e increase in non-current  nancial assets was mainly due
to the initial recognition of the forward transaction as from Janu-
ary ; see Note .
Deutsche Postbank 1)
 m
31 Dec. 2009 30 Sept. 2010
Assets 226,609 231,457
Liabilities 221,358 225,739
Income from banking transactions2) 9,103 6,235
Consolidated net profi t 76 218
 Deutsche Postbank ’ figures are based on the last published interim financial state-
mentsas at  September  and the last published consolidated financial statements
as at  December  because no audited consolidated fi nancial statements of Deutsche
Postbank  for the year ending  December  were available at the time when
Deutsche Post ’s consolidated fi nancial statements were prepared.
 Income from banking transactions includes interest income, commission income and net
trading income.
 m
2009 2010
Available-for-sale fi nancial assets 150 142
Loans and receivables 414 468
Assets at fair value through profi t or loss 805 2,531
Held-to-maturity fi nancial assets 27 5
Lease receivables 52 47
Non-current fi nancial assets 1,448 3,193
. Finance leases
 e following assets are carried as non-current assets result-
ing from  nance leases:
 e corresponding liabilities from  nance leases are included
under  nancial liabilities; see Note .
 Investment property
Rental income for this property amounted to   million
(previous year:   million), while the related expenses amounted
to  million (previous year:   million).  e fair value amounted
to   million, as in the previous year.
 Investments in associates
Investments in associates developed as follows:
 m
2009 2010
Land and buildings 57 57
Technical equipment and machinery 24 8
Other equipment, operating and o ce equipment 30 25
Aircraft 407 281
Vehicle fl eet and transport equipment 3 3
Finance leases 521 374
 m
2009 2010
Cost
As at  January 45 45
Reclassifi cations 0 10
Disposals 0–3
Currency translation differences 0 1
As at  December 45 53
Depreciation
As at  January 13 13
Reclassifi cations 0 3
As at  December 13 16
Carrying amount as at  December 32 37
 m
2009 2010
As at  January 61 1,772
Additions 1,561 0
Changes in Group’s share of equity
Changes recognised in profi t or loss 28 56
Profi t distributions –1 –4
Changes recognised in other comprehensive income 123 93
Impairment losses 0–69
Elimination of intercompany profi ts and losses 0–1
Carrying amount as at  December 1,772 1,847
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Balance sheet disclosures
169