DHL 2013 Annual Report Download - page 152

Effective for
financial years
beginning
on or after Subject matter and significance
Standard
(Issue date)
Amendments to  
(Novation of Derivatives
and Continuation of
Hedge Accounting)
( June )
1 January 2014 Under this amendment, subject to certain conditions, novation of a hedging instrument to a central counterparty as a
consequence of laws or regulations does not give rise to termination of a hedging relationship. The amendments are
retrospectively applicable for financial years starting on or after  January ; early application is permitted. The Group
does not currently consider that these amendments will have a significant effect on the presentation of the financial
statements.
The following are not relevant for the consolidated financial statements:
Amendments to  ,   and   (Investment Entities) issued on  October , effective for financial years beginning on or after  January .
1 These standards were adopted into European law with a different effective date than the original standards.
New accounting requirements not yet adopted by the 
(endorsement procedure)
e  and the  issued further Standards, amend-
ments to Standards and Interpretations in nancial year  and
in previous years whose application is not yet mandatory for nan-
cial year . e application of these  s is dependent on their
adoption by the .
Effective for
financial years
beginning
on or after Subject matter and significance
Standard
(Issue date)
  (Financial Instruments)
( November ), amend-
ments to   and  
(Mandatory Effective Date
and Transition Disclosures)
( December ), amend-
ments to  ,   and
  (Hedge Accounting)
( November ) and effec-
tive date ( February )
1 January 2018   was published in  as part of the project to replace   (Financial Instruments: Recognition and Measurement).
The new Standard changes the previous requirements applicable for the classification and measurement of financial assets.
In , the Standard was extended to include the classification and measurement of financial liabilities. The amendments
to   and   published in December  deferred the mandatory effective date to  January . The transition
requirements were also specified in further detail. The disclosure requirements under   were added as an amendment
to  . The additional disclosure requirements should make it possible to assess the effect of initial application of  
on the recognition and measurement of financial instruments. In November , the  issued a new version of the
standard on hedge accounting as part of the third phase of the project to replace   by  . The mandatory effective
date of   was set at  January  in February . The date on which the Standard will be adopted by the  has not
yet been announced. The Group is assessing the effects of initial application of the Standard if it were to be adopted by the
 in its current form.
  (Levies)
( May )
1 January 2014 This Interpretation provides guidance on when to recognise a liability for a levy imposed by a government. It covers the
recognition of levies imposed in accordance with laws or regulations. It does not include taxes, fines and other outflows
that fall within the scope of other standards. The Group is currently reviewing the effects of this Interpretation on the
consolidated financial statements.
Amendments to  
(Employee Benefits –
Defined Benefit Plans:
Employee Contributions)
( November )
1 July 2014 The amendments apply to the recognition of employee contributions to defined benefit retirement plans. Their objective
is to simplify accounting for employee contributions that are independent of the number of years of service. In such cases,
the service cost in the period in which the corresponding service is rendered may be reduced. The new requirements must
be applied retrospectively. Application will not lead to any significant effects.
Annual Improvements
to  s  –  Cycle
( December )
1 July 2014 The annual improvement process refers to the following standards:  ,  ,  ,  ,  ,  ,  .
Application of the new requirements is mandatory for reporting periods beginning on or after  July . The amendments
will not have a significant influence on the consolidated financial statements.
Annual Improvements
to  s  –  Cycle
( December )
1 July 2014 The annual improvement process refers to the following standards:  ,  ,  ,  . Application of the
new requirements is mandatory for reporting periods beginning on or after  July . The amendments will not have
a significant influence on the consolidated financial statements.
The following are not relevant for the consolidated financial statements:
IFRS  (Regulatory Deferral Accounts) issued on  January , effective for financial years beginning on or after  January .
148 Deutsche Post DHL 2013 Annual Report
Notes
Basis of preparation
Consolidated Financial Statements