DHL 2014 Annual Report Download - page 174

Fair value is determined using the comparison, investment and
discounted cash ow  methods. Valuations are based on
external and /or internal expert opinions as well as oered quotes.
In some cases, inputs are based on criteria such as the size, age
and condition of the land and buildings, the local economy and
comparable prices, and are adjusted accordingly. Important inputs
include the price per square metre or acre, or the expected rental
income.
ere were no transfers between levels in nancial years 
and .
 Investments accounted for using the equity method
Investments accounted for using the equity method changed
as follows:
 m Associates Joint ventures Total
2013
adjusted 1
2014 2013
adjusted 1
2014 2013
adjusted 1
2014
Balance at  January 60 62 6 6 66 68
Disposals 0–2 0 0 0–2
Changes in Group’s share of equity
Changes recognised in profit or loss 5 5 0 0 5 5
Profit distributions –2 0 0 0 –2 0
Changes recognised in other comprehensive income –1 4 0 0 –1 4
Balance at  December 62 69 6 6 68 75
1 Note .
e complete list of investments in associates and joint ventures
can be found in the list of the Group’s shareholdings in accordance
with section   nos.  to  and section   of the  at
www.dpdhl.com/en/investors.html.
. Investments in associates
e following table gives an aggregated overview of the carrying
amount in the consolidated nancial statements and selected
nan cial data (adjusted for the interest held) for those associates
which, both individually and in the aggregate, are not of material
signicance for the Group.
Aggregate financial data for associates
 m
2013 2014
Carrying amount in the consolidated financial
statements 62 69
Profit / loss before income taxes 5 4
Profit / loss after income taxes 5 3
Other comprehensive income –1 4
Total comprehensive income 4 7
. Joint ventures
e carrying amounts of the companies that were previously pro-
portionately consolidated and are now accounted for using the
equity method are lower than  million.
e following table presents in aggregated form the carrying
amount and selected nancial data of all interests in all joint ven-
tures which, both individually and in the aggregate, are immaterial.
e gures represent the Group’s interests.
Aggregate financial data for joint ventures
 m
2013 2014
Carrying amount in the consolidated financial
statements 6 6
Profit / loss before income taxes 0 0
Profit / loss after income taxes 0 0
Other comprehensive income 0 0
Total comprehensive income 0 0
Deutsche Post  Group —  Annual Report
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