DHL 2012 Annual Report Download - page 36

.  after asset charge 
 m
2011 2012 +  – 
 2,436 2,665 9.4
Asset charge –1,207 –1,342 –11.2
 1,229 1,323 7.6
Our net asset base increased by , million to , million in the reporting
year due, in part, to the Group’s investments in soware and  systems and the purchase
of freight aircra as well as replacement and expansion investments in warehouses, sort-
ing systems and our vehicle eet. e .  increase in net working capital was mainly
attributable to the decline in liabilities and other items.
In addition, operating provisions recognised for restructuring in the  express busi-
ness were utilised or reversed, resulting in a  million increase in the net asset base.
Moreover,  million of the provisions recognised in previous years for additional 
payments was also utilised. Both factors had reduced our net asset base as operating
provisions in the prior year.
. Net asset base (unconsolidated)
 m 31 Dec. 2011
adjusted 1
31 Dec. 2012 + / – %
Intangible assets including goodwill and property, plant and equipment 18,689 18,860 0.9
Net working capital –774 – 447 – 42.2
Operating provisions (excluding provisions for pensions and similar
obligations) –3,396 –2,825 –16.8
Other non-current assets and liabilities –163 –110 –32.5
Net asset base 14,356 15,478 7.8
1 Prior-year figures adjusted due to the regrouping of individual components of net assets.
Deutsche Post DHL Annual Report 
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