DHL 2012 Annual Report Download - page 196

e maturity structure of non-derivative nancial liabilities
within the scope of   based on cash ows is as follows:
Maturity structure: remaining maturities
 m
Less
than 1 year
More
than 1 year
to 2 years
More
than 2 years
to 3 years
More
than 3 years
to 4 years
More
than 4 years
to 5 years
More
than 5 years
As at  December 
Non-current financial liabilities 106 1,031 61 61 811 2,758
Other non-current liabilities 0 4 4 4 3 137
Non-current liabilities 106 1,035 65 65 814 2,895
Current financial liabilities 297 0 0 0 0 0
Trade payables 5,991 0 0 0 0 0
Other current liabilities 462 0 0 0 0 0
Current liabilities 6,750 0 0 0 0 0
As at  December 
Non-current financial liabilities 71 184 995 21 34 198
Other non-current liabilities 0 4 4 3 3 207
Non-current liabilities 71 188 999 24 37 405
Current financial liabilities 5,582 0 0 0 0 0
Trade payables 6,168 0 0 0 0 0
Other current liabilities 317 0 0 0 0 0
Current liabilities 12,067 0 0 0 0 0
On  June , Deutsche Post Finance  . . placed two
xed-coupon bonds on the capital market: one with a principal
amount of  million and a maturity of ve years, and one with a
principal amount of  million and a maturity of ten years. Part
of the issue proceeds was used to repay the Deutsche Post Finance
. . bond amounting to  million that fell due in October .
e bonds are reported in non-current nancial liabilities.
Deutsche Post  borrowed  billion on the capital market
in December  to continue funding its pension obligations.
In addition to two straight bonds worth  million and
 million, respectively (maturity: eight years and twelve years,
respectively), a  billion convertible bond with a coupon of . 
was issued at a price of   in December; Note . , mil-
lion of the issue proceeds was invested in money market funds and,
in addition toa further  million in cash, was transferred to
a Contractual Trust Arrange ment  at the end of December.
e newly generated plan assets, Note , serve solely to meet the
pension commitments of Deutsche Post .
e mandatory exchangeable bond (zero bond) of , mil-
lion plus interest that was issued in February  as part of
the sale of Deutsche Postbank  shares and fully subscribed by
Deutsche Bank was exercised on  February  through the
transfer of  million Deutsche Postbank  shares. A further
,, Postbank shares were transferred from Deutsche Post
 to Deutsche Bank  through the exercise of the put option
on  February . In the course of the transactions, the cash
collateral of , million plus interest issued by Deutsche Bank
 in February  as an advance paid on the written put option
on ,, Postbank shares and payments on settled hedging
transactions were oset.
Deutsche Post DHL Annual Report 
192