DHL 2012 Annual Report Download - page 153
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Issuance of bonds and convertible bond
Deutsche Post Finance . . placed two new bonds with an
aggregate principal amount of . billion on the market in
June under the Debt Issuance Programme . e bonds
are fully guaranteed by Deutsche Post . ey mature on June
and June , respectively; Note .
At the beginning of December , Deutsche Post issued
bonds with a principal amount of billion to fund pension obli-
gations. In more detail, these comprise two bonds with principal
amounts of million and million, respectively, and a con-
vertible bond on Deutsche Post shares with a principal amount
of billion. e convertible bond has conversion rights that can
be exercised between January and November , and
a call option giving Deutsche Post the right to redeem the bond
early for the principal amount plus accrued interest if Deutsche
Post ’s share price more than temporarily exceeds of
the conversion price applicable at that time. e option can be
exercised between December and November . e
terms of the contract for the convertible bond mean that it has
to be split into a debt component and an equity component. e
equity instrument in the amount of million is reported under
the capital reserves, whilst the debt component of million is
reported under nancial liabilities (bonds). Transaction costs of
. and . million are included in the aforementioned amounts.
Further disclosures on the convertible bond are contained in
Note .
New developments in international accounting under s
e following Standards, changes to Standards and Interpre-
tations are required to be applied on or aer January :
Effective for
financial years
beginning
on or after Subject matter and significance
Amendments to
(Financial Instruments:
Disclosures – Transfers
of Financial Assets)
1 July 2011
Additional disclosure requirements for transfers of financial instruments designed to provide an improved understanding
of the effect of the risks remaining with the entity. The amendment has no significant effect on the consolidated financial
statements.
New accounting pronouncements adopted by the but only
required to be applied in future periods
e following Standards, changes to Standards and Interpre-
tations have already been endorsed by the European Union. How-
ever, they will only be required to be applied in the future.
Deutsche Post DHL Annual Report
Consolidated Financial Statements
Notes
Basis of preparation
149