DHL 2014 Annual Report Download - page 61
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e nancial liabilities reported in our balance sheet break down as follows:
. Financial liabilities
m 2013
adjusted 1
2014
Bonds 5,088 4,290
Due to banks 198 184
Finance lease liabilities 213 210
Liabilities to Group companies 90 23
Financial liabilities at fair value though profit or loss 40 145
Other financial liabilities 325 317
5,954 5,169
1 Note .
e decrease in nancial liabilities is primarily the result of the bond in the amount of
. billion that was repaid in January . Further information on recognised nan-
cial liabilities is contained in the Notes.
Operating leases remain an important source of funding for the Group. We mainly
use operating leases to nance real estate, although we also nance aircra, vehicle eets
and equipment.
. Operating lease liabilities by asset class
m
2013 2014
Land and buildings 4,966 5,375
Aircraft 524 1,083
Transport equipment 512 576
Technical equipment and machinery 67 67
Other equipment, operating and oce equipment, miscellaneous 60 54
6,129 7,155
Operating lease obligations increased signicantly year-on-year to . billion, with new
long-term agreements – primarily for aircra but also real estate – overcompensating
considerably for the reduction in the remaining terms of legacy agreements.
Capital expenditure above prior-year level
e Group’s capital expenditure (capex) was , million at the end of December ,
. above the prior year’s gure of , million. Funds were used mainly to replace
and expand assets as follows: , million was invested in property, plant and equip-
ment and million in intangible assets excluding goodwill. Investments in prop-
erty, plant and equipment related to advance payments and assets under development
( million), transport equipment ( million), land and buildings ( mil-
lion), technical equipment and machinery ( million), equipment ( million),
operating and oce equipment ( million) as well as aircra ( million). In regional
terms, we invested mainly in Europe and the Americas as well as in Asia.
Note
. Capex by region
m
Germany
1,092
1,128
Europe (excluding Germany)
300
227
Americas
1
223
172
Asia Pacific
191
165
Other regions
70
55
1 Prior-period amount adjusted.
Deutsche Post Group — Annual Report
55
Group Management Report — REPORT ON ECONOMIC POSITION — Financial position