DHL 2012 Annual Report Download - page 176

. Finance leases
e following assets are carried as non-current assets result-
ing from nance leases:
 m
2011 2012
Land and buildings 51 47
Technical equipment and machinery 6 5
Other equipment, operating and oce equipment 17 12
Aircraft 249 212
Vehicle fleet and transport equipment 4 4
Finance leases 327 280
e corresponding liabilities from nance leases are included
under nancial liabilities; Note ..
 Investment property
 m
2011 2012
Cost
As at  January 53 61
Reclassifications 13 –6
Disposals –5 –2
Currency translation differences 0 0
As at  December 61 53
Depreciation
As at  January 16 21
Reclassifications 5 –11
As at  December 21 10
Carrying amount as at  December 40 43
Rental income for this property amounted to  million (pre-
vious year:  million), whilst the related expenses amounted to
 million (previous year:  million). e fair value amounted to
 million (previous year:  million).
 Investments in associates
Investments in associates changed as follows:
 m
2011 2012
As at  January 1,847 44
Additions 0 3
Changes in Group’s share of equity
Changes recognised in profit or loss 60 2
Profit distributions 0–1
Changes recognised in other comprehensive
income 10 0
Impairment losses –72 0
Elimination of intercompany profits and losses 0 0
Reclassified to current assets –1,801 –2
Carrying amount as at  December 44 46
Investments in associates principally relate to Air Hong
Kong Ltd, China, Danzas  Emirates , United Arab Emir-
ates, Tasman Cargo Airlines Pty. Limited, Australia, and Unipost
Servicios Generales . ., Spain.
e additions relate to the companies  Oman and All you
need GmbH, Berlin, the latter of which was subsequently reclassi-
ed to current assets with a view to resale; Notes  and .
e reclassication as held for sale of the carrying amount
of the investment in Deutsche Postbank  (, million) in
the previous year led to a decline in investments in associates;
Notes  and .
Further disclosures on impairment losses are contained in
Note .
e following tables show a summary of the aggregate income
statements and balance sheets of the associates. e amounts do
not relate to the shares attributable to Deutsche Post DHL, but are
presented based on a notional   shareholding.
Aggregate results
 m
2011 2012
Revenue 584 646
Net profit for the year 4 3
Aggregate balance sheets
 m
2011 2012
Assets 513 469
Liabilities and provisions 410 373
 Non-current financial assets
 m
2011 2012
Available-for-sale financial assets 172 162
Loans and receivables 428 737
Assets at fair value through profit or loss 94 115
Lease receivables 35 25
Non-current financial assets 729 1,039
e increase in loans and receivables is mainly due to the
 million demanded as repayment of state aid; Note .
Deutsche Post DHL Annual Report 
172