DHL 2012 Annual Report Download - page 160

Assets held for sale and liabilities associated with assets
held for sale
Assets held for sale are assets available for sale in their pres-
ent condition and whose sale is highly probable. e sale must be
expected to qualify for recognition as a completed sale within one
year of the date of classication. Assets held for sale may consist of
individual non-current assets, groups of assets (disposal groups),
components of an entity or a subsidiary acquired exclusively for re-
sale (discontinued operations). Liabilities intended to be disposed
of together with the assets in a single transaction form part of the
disposal group or discontinued operation and are also reported
separately as liabilities associated with assets held for sale. Assets
held for sale are no longer depreciated or amortised, but are recog-
nised at the lower of their fair value less costs to sell and the carry-
ing amount. Gains and losses arising from the remeasurement of
individual non-current assets or disposal groups classied as held
for sale are reported in prot or loss from continuing operations
until the nal date of disposal. Gains and losses arising from the
measurement at fair value less costs to sell of discontinued oper-
ations classied as held for sale are reported in prot or loss from
discontinued operations. is also applies to the prot or loss from
operations and the gain or loss on disposal of these components
of an entity.
Cash and cash equivalents
Cash and cash equivalents comprise cash, demand deposits
and other short-term liquid nancial assets with an original matur-
ity of up to three months and are carried at their principal amount.
Overdra facilities used are recognised in the balance sheet as
amounts due to banks.
Non-controlling interests
Non-controlling interests are the proportionate minority
interests in the equity of subsidiaries and are recognised at their
carrying amount. If an interest is acquired from, or sold to, other
shareholders without this impacting the existing control relation-
ship, this is presented as an equity transaction. e dierence
between the proportionate net assets acquired from, or sold to,
another shareholder / other shareholders and the purchase price
is recognised in other comprehensive income. If non-controlling
interests are increased by the proportionate net assets, no goodwill
is allocated to the proportionate net assets.
Share-based payment
Assumptions regarding the price of Deutsche Post ’s shares
and assumptions regarding employee uctuation are taken into
account when measuring the value of share-based payments for
executives (Share Matching Scheme, ), which are required to
be accounted for as equity-settled share-based payments pursuant
to  . Assumptions are also made regarding the conversion
behaviour of executives with respect to their relevant bonus por-
tion. Share-based payment arrangements are entered into each year,
with  January of the respective year being the grant date for that
year’s tranche. All assumptions are reviewed on a quarterly basis.
e resulting sta costs are recognised pro rata in prot or loss to
reect the services rendered as consideration during the vesting
period (lock-up period). Obligations that in future are settled by
issuing shares in Deutsche Post  and do not provide the execu-
tives with a choice of settlement are recognised in equity pursuant
to  .
Stock appreciation rights issued to members of the Board of
Management and executives are measured on the basis of an option
pricing model in accordance with  . e stock appreciation
rights are measured on each reporting date and on the settle ment
date. e amount determined for stock appreciation rights that will
probably be exercised is recognised pro rata in income under sta
costs to reect the services rendered as consideration during the
vesting period (lock-up period). A provision is recognised for the
same amount.
Pension obligations
In a number of countries, the Group maintains dened bene-
t pension plans based on the pensionable compensation and
length of service of employees. ese pension plans are funded via
external plan assets and provisions for pensions and similar obliga-
tions. Pension obligations are measured using the projected unit
credit method prescribed by   for dened benet plans. is
involves making certain actuarial assumptions. In accordance with
the version of  . currently applicable, actuarial gains and
losses are recognised only to the extent that they exceed the greater
of   of the present value of the obligations or of the fair value of
plan assets (  corridor). e excess is allocated over the expected
remaining working lives of the active employees and recognised in
income. e interest cost and expected return on plan assets com-
ponents of the pension expense are reported under net nancial
income / net nance costs, the other components under sta costs.
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