DHL 2014 Annual Report Download - page 175

 Non-current financial assets
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Available-for-sale financial assets 162 256 288
Loans and receivables 736 728 834
Assets at fair value through profit
or loss 115 107 192
Lease receivables 25 32 49
Non-current financial assets 1,038 1,123 1,363
1 Note .
Write-downs of non-current nancial assets amounting to  mil-
lion (previous year:  million) were recognised in the income
statement as the value of the assets had decreased. As in the pre-
vious year, the entire amount is attributable to assets at fair value
through prot or loss.
Compared with the market rates of interest prevailing at
 December  for comparable non-current nancial assets,
most of the housing promotion loans are low-interest or interest-
free loans. ey are recognised in the balance sheet at a present value
of  million (previous year:  million). e principal amount
of these loans totals  million (previous year:  million).
Details on restraints on disposal are contained in Note ..
 Other non-current assets
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Pension assets 198 120 88
Miscellaneous 103 67 63
Other non-current assets 301 187 151
1 Note .
Information on pension assets can be found in Note .
 Deferred taxes
. Overview
 m
2013 2014
Deferred tax assets 1,327 1,752
Deferred tax liabilities 124 84
. Breakdown by balance sheet item
 m 2013 2014
Assets Liabilities Assets Liabilities
Intangible assets 33 171 62 156
Property, plant and
equipment 110 47 117 52
Non-current financial assets 8 55 0 70
Other non-current assets 42 38 36 42
Other current assets 71 63 39 26
Provisions 358 27 649 36
Financial liabilities 28 18 4 51
Other liabilities 150 17 154 8
Tax loss carryforwards 839 – 1,048 –
Gross amount 1,639 436 2,109 441
Netting –312 –312 –357 –357
Carrying amount 1,327 124 1,752 84
 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.
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 tempor-
ary dierences will probably not reverse in the foreseeable future.
Deutsche Post  Group —  Annual Report
169
Consolidated Financial Statements — NOTES — Balance sheet disclosures