DHL 2010 Annual Report Download - page 198

. Maturity structure
 ere is no signi cant di erence between the carrying
amounts and the fair values of the other liabilities due to their short
maturities and market interest rates.  ere is no signi cant interest
rate risk because most of these instruments bear  oating rates of
interest at market rates.
 Trade payables
Trade payables also include liabilities to Group companies.
  million of the trade payables (previous year:   mil-
lion) is attributable to Deutsche Post . Trade payables prima-
rily have a maturity of less than one year.  e reported carrying
amount of trade payables corresponds to their fair value.
CASH FLOW DISCLOSURES
 Cash fl ow disclosures
 e cash  ow statement for the Group’s continuing operations
is prepared in accordance with   (Cash Flow Statements) and
discloses the cash  ows in order to present the source and appli-
cation of cash and cash equivalents. It distinguishes between cash
 ows from operating, investing and  nancing activities. Cash and
cash equivalents are composed of cash, cheques and bank balances
with a maturity of not more than three months, and correspond to
the cash and cash equivalents reported on the balance sheet.  e
e ects of currency translation and changes in the consolidated
group are adjusted when calculating cash and cash equivalents.
 m
2009 2010
Less than  year 3,674 4,047
More than  year to  years 36 43
More than  years to  years 13 15
More than  years to  years 7 13
More than  years to  years 34 30
More than  years 282 300
Maturity structure of other liabilities 4,046 4,448
 m
2009 2010
Trade payables 4,861 5,707
. Breakdown of other liabilities
Of the tax liabilities,   million (previous year:   mil-
lion) relates to ,   million (previous year:   million) to
customs and duties, and   million (previous year:   million)
to other tax liabilities.
 e liabilities from the sale of residential building loans relate
to obligations of Deutsche Post  to pay interest subsidies to
borrowers to o set the deterioration in borrowing terms in con-
junction with the assignment of receivables in previous years, as
well as pass-through obligations from repayments of principal and
interest for residential building loans sold.
Other liabilities include a large number of individual items.
 m
2009 2010
Tax liabilities 661 884
Incentive bonuses 477 609
Compensated absences 410 385
Deferred income, of which non-current: 
previous year:  266 323
Wages, salaries, severance payments 229 288
Liabilities from the sale of residential building loans,
of which non-current:  previous year:  287 278
Social security liabilities 159 181
Payables to employees and members
of executivebodies 288 165
Debtors with credit balances 105 116
Overtime claims 88 100
Other compensated absences 71 70
 liabilities 47 58
Accrued rentals 19 23
Liabilities from cheques issued 19 20
Liabilities from loss compensation 15 19
Accrued insurance premiums for damages
and similar liabilities 15 15
Insurance liabilities 25 13
Miscellaneous other liabilities, of which non-current:
 previous year:  865 901
4,046 4,448
Deutsche Post DHL Annual Report 
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