DHL 2011 Annual Report Download - page 221
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Please find page 221 of the 2011 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report. Other fi nancial obligations
In addition to provisions, liabilities and contingent liabilities,
there are other nancial obligations amounting to 6,625 million
(previous year: € , million) from non-cancellable operating
leases as de ned by .
e Group’s future non-cancellable payment obligations un-
der leases are attributable to the following asset classes:
Lease obligations
m
2010 2011
Land and buildings 5,554 5,294
Aircraft 951 765
Transport equipment 439 443
Technical equipment and machinery 115 80
Other equipment, operating and o ce equipment 20 31
equipment 12 12
Lease obligations 7,091 6,625
e decrease in lease obligations by million to , mil-
lion is a consequence of the reduction in the remaining terms of leg-
acy agreements, especially for real estate and aircra , which are not
matched by the same volume of new leases.
Maturity structure of minimum lease payments
m
2010 2011
Less than year 1,433 1,479
More than year to years 1,199 1,100
More than years to years 914 867
More than years to years 731 668
More than years to years 557 526
More than years 2,257 1,985
Maturity structure of minimum lease payments 7,091 6,625
e present value of discounted minimum lease payments is
, million (previous year: , million), based on a discount
factor of . (previous year: . ). Overall, rental and lease
payments amounted to , million (previous year: , mil-
lion), of which , million (previous year: , million)
relates to non-cancellable leases. , million (previous year:
, million) of future lease obligations from non-cancellable
leases is primarily attributable to Deutsche Post Immobilien
GmbH.
e purchase obligation for investments in non-current
assets amounted to million (previous year: million).
e net gains and losses on nancial instruments classi ed in
accordance with the individual measurement categories in
are as follows:
Net gains and losses by measurement category
m
2010 2011
Loans and receivables –75 –94
Held-to-maturity fi nancial assets 0 0
Financial assets and liabilities at fair value
through profi t or loss
Trading 1,757 231
Fair value option 7–1
Other fi nancial liabilities –84 1
e net gains and losses mainly include the e ects of the fair
value measurement, impairment and disposals (disposal gains /
losses) of nancial instruments. In nancial year , the meas-
urement of the forward and the options entered into to transfer
the remaining Postbank shares had a material e ect on net gains
and losses. e derivatives had a much stronger e ect in as
the e ect on net gains and losses of the forward on million
Postbank shares had to be fully recognised for the rst time due to
the amendment to .g. Dividends and interest are not taken
into account for the nancial instruments measured at fair value
through pro t or loss. Disclosures on net gains or losses on avail-
able-for-sale nancial assets can be found in Note . Income and
expenses from interest and commission agreements of the nan-
cial instruments not measured at fair value through pro t or loss
are explained in the income statement disclosures.
Contingent liabilities
e Group’s contingent liabilities total , million (previous
year: , million). million of the contingent liabilities relates
to guarantee obligations (previous year: million), million
to warranties (previous year: million) and million to
liabilities from litigation risks (previous year: million). e
other contingent liabilities amounting to , million (previous
year: , million) mainly relate to obligations from formal state
aid proceedings, see Notes and , and tax-related items.
In addition, there is a contingent liability to the French tax
authorities, which is not included in total contingent liabilities.
e tax authorities have not yet provided documentation about
the matter at issue. It is therefore impossible to estimate the actual
amount of this liability, preventing its recognition.
Deutsche Post DHL Annual Report
Consolidated Financial Statements
Notes
Other disclosures
215