DHL 2013 Annual Report Download - page 175

 Other non-current assets
 m
1 Jan. 2012 2012 2013
Pension assets 1 162 198 120
Miscellaneous 118 100 64
Other non-current assets 280 298 184
1 Prior-year amount adjusted Note .
Further information on pension assets can be found in
Note .
 Deferred taxes
 m
1 Jan. 2012 2012 2013
Deferred tax assets 1 1,206 1,328 1,327
Deferred tax liabilities 1 186 156 124
1 Prior-year amount adjusted Note .
 m 2012 2013
Assets Liabilities Assets Liabilities
Intangible assets 37 173 33 171
Property, plant and
equipment 93 46 110 47
Non-current financial assets 18 59 8 55
Other non-current assets 7 25 42 38
Other current assets 38 33 71 63
Provisions 295 13 358 27
Financial liabilities 124 11 28 18
Other liabilities 104 45 150 17
Tax loss carryforwards 861 – 839 –
Gross amount 1,577 405 1,639 436
Netting –249 –249 –312 –312
Carrying amount 1,328 156 1,327 124
 million (previous year:  million) of the deferred
taxes on tax loss carryforwards relates to tax loss carryforwards in
Germany and  million (previous year:  million) to foreign
tax loss carryforwards. e decrease in deferred taxes recognised
for foreign tax loss carryforwards results from a more detailed
analysis of the allocation of usable deferred tax assets in the  to
temporary dierences or tax loss carryforwards.
No deferred tax assets were recognised for tax loss carry-
forwards of around . billion (previous year: . billion) and
for temporary dierences of around , million (previous year:
, million), as it can be assumed that the Group will probably
not be able to use these tax loss carryforwards and temporary dif-
ferences in its tax planning.
Most of the tax loss carryforwards are attributable to Deutsche
Post . It will be possible to utilise them for an indenite period
of time. In the case of the foreign companies, the signicant tax
loss carryforwards will not lapse before .
Deferred taxes have not been recognised for temporary dif-
ferences of  million (previous year:  million) relating to
earnings of German and foreign subsidiaries because these tempo-
rary dierences will probably not reverse in the foreseeable future.
Maturity structure
 m
Short-term Long-term Netting Total

Deferred
tax assets 486 1,153 –312 1,327
Deferred
tax liabilities 169 267 –312 124

Deferred
tax assets 492 1,085 –249 1,328
Deferred
tax liabilities 125 280 –249 156
 Inventories
Standard costs for inventories of postage stamps and spare
parts in freight centres amounted to  million (previous year:
 million). ere was no requirement to charge signicant valu-
ation allowances on these inventories.
 m
2012 2013
Raw materials, consumables and supplies 184 183
Work in progress 60 126
Finished goods and goods purchased and held
for resale 52 69
Spare parts for aircraft 25 21
Advance payments 1 4
Inventories 322 403
 Current financial assets
 m
2012 2013
Available-for-sale financial assets 24 611
Loans and receivables 77 63
Financial assets at fair value through profit or loss 109 140
Lease receivables 42 7
Current financial assets 252 821
e increase in current nancial assets is attributable to the
investment of excess funds in money market funds.
Of the available-for-sale nancial assets,  million (pre-
vious year:  million) was measured at fair value. Details on
restraints on disposal are contained in Note ..
171Deutsche Post DHL 2013 Annual Report
Notes
Balance sheet disclosures
Consolidated Financial Statements