DHL 2014 Annual Report Download - page 210

e net gains and losses on nancial instruments classied in
accordance with the individual   measurement categories are
as follows:
Net gains and losses by measurement category
 m
2013 2014
Loans and receivables –107 –114
Financial assets and liabilities at fair value
through profit or loss
Trading 41 0
Fair value option 0 0
Other financial liabilities 3 1
e net gains and losses mainly include the eects of the fair value
measurement, impairment and disposals (disposal gains / losses)
of nancial instruments. Dividends and interest are not taken
into account for the nancial instruments measured at fair value
through prot or loss. Disclosures on net gains or losses on avail-
able-for-sale nancial assets can be found in Note .. Income
and expenses from interest and commission agreements of the
nan cial instruments not measured at fair value through prot or
loss are explained in the income statement disclosures.
e following tables show the impact of netting agreements
based on master netting arrangements or similar agreements on
nancial assets and nancial liabilities as at the reporting date:
Offsetting – assets
 m Financial assets and liabilities not set off
in the balance sheet
Gross amount
of financial
assets
recognised
at the
reporting date
Gross amount
of financial
liabilities
set off
Net amount
of financial
assets set off
in the balance
sheet
Financial liabilities subject to
a legally enforceable netting
agreement that do not meet
offsetting criteria
Collateral
received Total
Assets at  December 
Derivative financial assets 1 153 0 153 145 0 8
Trade receivables 7,954 129 7,825 0 0 7,825
Assets at  December  2
Derivative financial assets 1 156 0 156 38 0 118
Trade receivables 7,189 167 7,022 0 0 7,022
1 Excluding derivatives from    transactions.
2 Prior-period amounts adjusted, Note .
Offsetting – liabilities
 m Financial assets and liabilities not set off
in the balance sheet
Gross amount
of financial
liabilities
recognised
at the
reporting date
Gross amount
of financial
assets set off
Net amount
of financial
liabilities set
off in the
balance sheet
Financial assets subject to a
legally enforceable netting
agreement that do not meet
offsetting criteria
Collateral
provided Total
Liabilities at  December 
Derivative financial liabilities 1 145 0 145 145 0 0
Trade payables 7,051 129 6,922 0 0 6,922
Liabilities at  December  2
Derivative financial liabilities 1 38 0 38 38 0 0
Trade payables 6,525 167 6,358 0 0 6,358
1 Excluding derivatives from    transactions.
2 Prior-period amounts adjusted, Note .
Financial assets and liabilities are set o on the basis of netting
agreements (master netting arrangements) only if an enforceable
right of set-o exists and settlement on a net basis is intended as at
the reporting date.
If the right of set-o is not enforceable in the normal course
of business, the nancial assets and liabilities are recognised in the
balance sheet at their gross amounts as at the reporting date. e
master netting arrangement creates a conditional right of set-o
that can only be enforced by taking legal action.
Deutsche Post  Group —  Annual Report
204