DHL 2012 Annual Report Download - page 170

 Other operating expenses
 m
2011 2012
Other business taxes 315 550
Travel and training costs 343 344
Expenses for advertising and public relations 399 341
Cost of purchased cleaning and security services 289 315
Insurance costs 203 240
Warranty expenses and compensation payments 241 237
Telecommunication costs 234 227
Consulting costs 198 206
Write-downs of current assets 210 198
Expenses from currency translation differences 189 181
Oce supplies 173 172
Entertainment and corporate hospitality expenses 151 144
Services provided by the Federal Posts and
Telecommunications Agency 111 87
Voluntary social benefits 80 78
Contributions and fees 61 69
Commissions paid 63 68
Legal advisory costs 62 66
Losses on disposal of assets 69 59
Expenses from derivatives 28 56
Monetary transaction costs 33 38
Audit costs 30 32
Expenses from prior-period billings 31 28
Donations 17 19
Miscellaneous 365 288
Other operating expenses 3,895 4,043
e increase in other business taxes relates to the additional
 payment for the period from  to  June ; Note .
Miscellaneous other operating expenses include a large num-
ber of smaller individual items.
Taxes other than income taxes are either recognised under
the related expense item or, if no specic allocation is possible,
under other operating expenses.
 Net income from associates
 m
2011 2012
Net income from associates 60 2
Investments in companies on which a signicant inuence
can be exercised and which are accounted for using the equity
method contributed  million (previous year:  million, of
which  million was attributable to Deutsche Postbank ) to
net nance costs. is contribution mainly relates to Danzas 
Emirates , United Arab Emirates.
Net income from associates decreased as a result of the dis-
posal of Deutsche Postbank .
 Net other finance costs
 m
2011 2012
Other financial income
Interest income 74 48
Income from other equity investments and financial
assets 8 6
Gains on the disposal of associates 0 541
Other financial income 508 62
590 657
Other finance costs
Interest expenses – 660 – 642
of which unwinding of discounts for provisions
for pensions and other provisions –299 –352
Write-downs of financial assets –98 –35
Other finance costs – 633 –372
–1,391 –1,049
Foreign currency result –36 –37
Net other finance costs – 837 – 429
In the previous year,  million of the write-downs of nan-
cial assets related to impairments in Corporate Center / Other of
the equity interest in Deutsche Postbank  due to the decline
in the share price at the time of reclassication, and  million to
the equity- accounted company Unipost Servicios Generales . .,
Spain, included in the  segment.
Net nance costs includes interest income of  million
(previous year:  million) as well as interest expense of  mil-
lion (previous year:  million). ese result from nancial
assets and liabilities that were not measured at fair value through
prot or loss.
e eects of the Postbank sale, which was completed in Feb-
ruary , and the interest expense on the additional  pay-
ment, were the main factors aecting the net other nance costs of
 million (previous year:  million); Note .
 Income taxes
 m
2011 2012
Current income tax expense –565 – 591
Current recoverable income tax 21 4
–544 – 587
Deferred tax expense from temporary differences –29 – 58
Deferred tax income from tax loss carryforwards 180 187
151 129
Income taxes –393 – 458
Deutsche Post DHL Annual Report 
166