DHL 2013 Annual Report Download - page 179

. Disclosures on corporate capital
e equity ratio was .  in nancial year  (previous
year, adjusted: . ). e company’s capital is monitored using
the net gearing ratio which is dened as net debt divided by the
total of equity and net debt.
Corporate capital
 m
2012 2013
Total financial liabilities 4,776 5,881
Less cash and cash equivalents –2,400 –3,417
Less current financial assets –252 – 821
Less long-term deposits – 57 – 55
Less non-current derivative financial instruments –115 –107
Net debt 1,952 1,481
Plus total equity 9,228 10,048
Total capital 11,180 11,529
Net gearing ratio  17.5 12.8
 Capital reserves
 m
2012 2013
Capital reserves at  January 2,170 2,254
Share Matching Scheme
Addition / issue of rights
under Share Matching Scheme
 tranche 2 1
 tranche 4 3
 tranche 18 4
 tranche 10 17
 tranche 0 10
Exercise of rights under Share Matching Scheme
 tranche –24 0
 tranche 0 –20
10 15
Conversion right 74 0
Capital reserves at  December 2,254 2,269
An amount of  million ( December :  million)
was transferred to the capital reserves in the period up to  Decem-
ber  for the various tranches of the Share Matching Scheme.
e exercise of the rights to shares under the  tranche
reduced the capital reserves by  million (previous year:  mil-
lion for the  tranche) due to the issuance of treasury shares in
this amount to the executives.
On issue of the convertible bond on Deutsche Post  shares,
the conversion right was recognised in capital reserves; Note .
 Other reserves
 m
1 Jan. 2012 1 2012 1 2013
  revaluation reserve 5 3 2
  revaluation reserve 90 –1 68
  hedging reserve –34 –7 37
Currency translation reserve – 517 – 470 – 926
Other reserves – 456 – 475 –819
1 Prior-year amounts adjusted Note .
.   revaluation reserve
 m
2012 2013
At  January 5 3
Changes recognised in other comprehensive income –2 –1
  revaluation reserve at  December 3 2
e   revaluation reserve includes the hidden reserves
of  Logistics Co. Ltd., China, from purchase price allocation.
ese are attributable to the customer relationships contained in the
  interest held previously and to adjustments to deferred taxes.
.   revaluation reserve
e revaluation reserve comprises gains and losses from
changes in the fair value of available-for-sale nancial assets that
have been recognised in other comprehensive income. is reserve
is reversed to prot or loss either when the assets are sold or other-
wise disposed of, or if their value is signicantly or permanently
impaired.
 m
2012 2013
At  January 93 0
Currency translation differences 0 1
Unrealised gains / losses –12 76
Share of associates – 81 0
Realised gains / losses 0 0
  revaluation reserve at  December
before tax 0 77
Deferred taxes –1 –9
  revaluation reserve at  December
after tax –1 68
175Deutsche Post DHL 2013 Annual Report
Notes
Balance sheet disclosures
Consolidated Financial Statements