DHL 2011 Annual Report Download - page 214

. Derivative fi nancial instruments
 e following table gives an overview of the recognised de-
rivative  nancial instruments used in the Group and their fair
values. Derivatives with amortising notional volumes are reported
in the full amount at maturity.
Derivative fi nancial instruments
 m
2010 2011
Fair values 2011 by maturity
Assets Liabilities
No-
tional
amount
Fair
value
No-
tional
amount
Fair
value
of
assets
Fair
value
of
liabil-
ities
Total
fair
value
Less
than
1
year
Up
to 2
years
Up
to 3
years
Up
to 4
years
Up
to 5
years
> 5
years
Less
than
1
year
Up
to 2
years
Up
to 3
years
Up
to 4
years
Up
to 5
years
> 5
years
Interest rate products
Interest rate swaps 1,005 71 1,005 48 0 48 22 0 26 0 0 0 0 0 0 0 0 0
of which cash fl ow
hedges 163 18 163 16 0 16 0016000000000
of which fair value
hedges 842 53 842 32 0 32 22 0 10 0 0 0 0 0 0 0 0 0
of which held
for trading 000000000000000000
Other 000000000000000000
1,005 71 1,005 48 0 48 22 0 26 0 0 0 0 0 0 0 0 0
Currency transactions
Currency forwards 2,280 –33 1,483 20 –44 –24 2000000–43 –1 0000
of which cash fl ow
hedges 1,052 –20 1,045 15 –37 –22 15 0 0 0 0 0 –36 –1 0 0 0 0
of which net
investment hedges 000000000000000000
of which held
for trading 1,228 –13 438 5 –7 –2 5 0 0 0 0 0 –7 00000
Currency options 000000000000000000
of which cash fl ow
hedges 000000000000000000
Currency swaps 2,323 –32 1,834 33 –36 –3 33 0 0 0 0 0 –36 00000
of which cash fl ow
hedges 168 0 242 5 –6 –1 5 0 0 0 0 0 –6 00000
of which held
for trading 2,155 –32 1,592 28 –30 –2 28 0 0 0 0 0 –30 00000
Cross-currency swaps 211 –14 173 0 –6 –6 000000–2 0–4 0 0 0
of which cash fl ow
hedges 173 –6 163 0 –4 –4 00000000–4 0 0 0
of which fair value
hedges 38 –8 10 0 –2 –2 000000–2 00000
of which held
for trading 000000000000000000
4,814 –79 3,490 53 –86 –33 53 0 0 0 0 0 –81 –1 –4 0 0 0
Commodity price
transactions
Commodity price swaps 42 5 6 1 0 11 0 0 0 0 0 0 0 0 0 0 0
of which cash fl ow
hedges 42 5 6 1 0 11 0 0 0 0 0 0 0 0 0 0 0
Equity price transactions
Equity forwards 2,946 1,653 2,946 1,493 0 1,493 1,493 00000000000
of which held
for trading 2,946 1,653 2,946 1,493 0 1,493 1,493 00000000000
Equity options 2,596 736 2,596 665 0 665 665 0 0 0 0 0 0 0 0 0 0 0
of which held
for trading 2,596 736 2,596 665 0 665 665 0 0 0 0 0 0 0 0 0 0 0
5,542 2,389 5,542 2,158 0 2,158 2,158 00000000000
Deutsche Post DHL Annual Report 
208