DHL 2014 Annual Report Download - page 194

 m Non-current Current Total
2013
adjusted 1
2014 2013
adjusted 1
2014 2013
adjusted 1
2014
Bonds 4,164 4,290 924 0 5,088 4,290
Amounts due to banks 0 1 198 183 198 184
Finance lease liabilities 194 191 19 19 213 210
Liabilities to Group companies 58 0 32 23 90 23
Financial liabilities at fair value through profit or loss 11 12 29 133 40 145
Other financial liabilities 192 189 133 128 325 317
Financial liabilities 4,619 4,683 1,335 486 5,954 5,169
1 Note .
. Bonds
e following table contains further details on the company’s most
signicant bonds. e bonds issued by Deutsche Post Finance . .
are fully guaranteed by Deutsche Post .
Significant bonds
2013 2014
Nominal
coupon
%Issue volume Issuer
Carrying
amount
 m
Fair value
 m
Carrying
amount
 m
Fair value
 m
Bond  /  4.875 €926 million Deutsche Post Finance . .924 929 0 0
Bond  /  1.875 €750 million Deutsche Post Finance . .745 767 747 780
Bond  /  2.950 €500 million Deutsche Post Finance . .496 516 496 575
Bond  /  1.875 €300 million Deutsche Post  295 296 297 323
Bond  /  2.875 €700 million Deutsche Post  696 706 697 806
Bond  /  1.5 €500 million Deutsche Post  491 499 496 522
Bond  /  2.75 €500 million Deutsche Post  495 501 495 570
Convertible bond  /  10.600 €1 billion Deutsche Post  931 928 942 1,006
1 This relates to the debt component of the convertible bond; the equity component is recognised in the capital reserves.
The fair value of the listed convertible bond as at the balance sheet date was , million (previous year: , million).
e  billion convertible bond issued on  December  has a
conversion right, which allows holders to convert the bond into
a predetermined number of Deutsche Post  shares if Deutsche
Post ’s share price more than temporarily exceeds   of the
conversion price applicable at that time. e conversion right may
be exercised between  January  and  November . On
issue, the conversion price was set at .. It was required to be
adjusted to . due to the dividend payment of . per share
for nancial year . In addition, Deutsche Post  was granted
a call option allowing it to repay the bond early at face value plus
accrued interest if Deutsche Post ’s share price more than tem-
porarily exceeds   of the conversion price applicable at that
time. e option can be exercised between  December  and
 November . For contractual reasons, the convertible bond
was split into a debt component and an equity component. e
equity instrument in the amount of  million is reported under
capital reserves. e value of the debt component on the issue date
calculated in accordance with  . amounted to  mil-
lion, including transaction costs and the call option granted. Trans-
action costs of . million and . million are included in the
aforementioned amounts. In subsequent years, interest will be
added to the carrying amount of the bond, up to the issue amount,
using the eective interest method (unwinding of discount) and
recognised in prot or loss.
. Amounts due to banks
e liabilities mainly comprise current overdra facilities due to
various banks.
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Amounts due to banks 136 198 184
1 Note .
Deutsche Post  Group —  Annual Report
188