DHL 2012 Annual Report Download - page 179

    
e sale of the interest in Deutsche Postbank  held by
Deutsche Post  was completed at the end of February ;
Note . At the end of February , the shares of Deutsche
Postbank  held by Deutsche Post  amounting to a .  inter-
est (,, shares) were reclassied as held for sale. As a result,
the investment in Deutsche Postbank was measured in accordance
with  .
In the previous year, the last measurement of the carrying
amount of the investment prior to its reclassication resulted in an
impairment loss of  million. is was presented in write-downs
of nancial assets; Note . Additional write-downs of  mil-
lion were recognised following the reclassication to assets held
for sale in February . In accordance with  ., any sub-
sequent increase in fair value less costs to sell of the held-for-sale
interest in Deutsche Postbank  must be recognised as a gain, but
not in excess of the cumulative impairment loss.
All previous write-downs in the total amount of  mil-
lion were reversed due to the increase in Postbank’s share price to
. as at the end of . e equity item included  million
in income from the   revaluation reserve and  million in
expenses from the currency translation reserve that were attribut-
able to Deutsche Postbank .
      
  .  
e properties held for sale by Deutsche Post DHL Corporate
Real Estate Management GmbH & Co. Logistikzentren  ( formerly
Deutsche Post Immobilienentwicklung Grundstücksgesellscha)
Germany, were reclassied as non-current assets due to lack of
demand.
   
All you need GmbH, Germany, was acquired with a view to
resale by Deutsche Post Beteiligungen Holding GmbH; Note .
In accordance with  ., the major classes of assets and
liabilities are not disclosed. As, to date, no adjustment had to be
made due to subsequent measurement and no gain / loss on dis-
posal was recorded, presentation of a prot / loss from discontinued
operations item was not required.
   . .
 Logistics China Co. Ltd., China, plans to sell a ware-
house and to transfer the nancial liability of  million related to
the warehouse.
  . . .
Since the middle of October , Deutsche Post DHL has
intended to sell the domestic express business in Romania. e
transaction is expected to be completed in the rst quarter of .
e assets and liabilities of the company concerned were reclas-
sied as held for sale in accordance with  . e most recent
appraisal of the assets prior to reclassication did not result in any
impairment.
Cargus International . . . – domestic business
 m
31 Dec. 2012

Non-current assets 2
Current assets 3
Cash and cash equivalents 2
Total  7
  
Non-current liabilities and provisions 0
Current liabilities and provisions 4
Total    4
   
Deutsche Post DHL plans to sell the fashion logistics business
of  Fashion (France) , France. e assets and liabilities of
the business concerned were reclassied as held for sale in accord-
ance with  . e most recent appraisal prior to reclassication
resulted in an impairment loss of  million, which is reported in
depreciation, amortisation and impairment losses.
 Fashion (France)  – fashion logistics business
 m
31 Dec. 2012

Non-current assets 0
Current assets 13
Cash and cash equivalents 0
Total  13
  
Non-current liabilities and provisions 3
Current liabilities and provisions 15
Total    18
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Balance sheet disclosures
175