DHL 2015 Annual Report Download - page 190

Deutsche Post  Group —  Annual Report
. Other financial liabilities
 m
2014 2015
Put option related to the acquisition of the
remaining interest in Giorgio Gori Group 27 27
Loan notes related to the acquisition of  Group 60 63
Loan notes related to the early termination
ofafinance lease 16 18
Miscellaneous financial liabilities 214 282
Other financial liabilities 317 390
 Other liabilities
. Overview
 m
2014 2015
Other non-current liabilities 255 234
Other current liabilities 4,196 4,255
Other liabilities 4,451 4,489
. Breakdown of other liabilities
 m
2014 2015
Tax liabilities 1,073 1,146
Incentive bonuses 580 653
Deferred income, of which non-current: 
(previousyear: ) 385 376
Wages, salaries, severance payments 354 367
Compensated absences 312 322
Payables to employees and members of executive
bodies 175 180
Social security liabilities 168 178
Debtors with credit balances 163 146
Liabilities from the sale of residential building
loans, of which non-current:  (previous year: ) 162 144
Overtime claims 88 86
 liabilities 53 56
Accrued rentals 39 42
Liabilities from cheques issued 49 37
Other compensated absences 33 30
Insurance liabilities 41 24
Liabilities from loss compensation 10 18
Accrued insurance premiums for damages
andsimilar liabilities 13 15
Miscellaneous other liabilities, of which
non-current:  (previous year: ) 753 669
Other liabilities 4,451 4,489
Of the tax liabilities,  million (previous year:  million) re-
lates to ,  million (previous year:  million) to customs
and duties, and  million (previous year:  million) to other
tax liabilities.
e liabilities from the sale of residential building loans relate
to obligations of Deutsche Post  to pay interest subsidies to bor-
rowers to oset the deterioration in borrowing terms in conjunction
with the assignment of receivables in previous years, as well as pass-
through obligations from repayments of principal and interest for
residential building loans sold.
Miscellaneous other liabilities include a large number of indi-
vidual items.
. Maturity structure
 m
2014 2015
Less than  year 4,196 4,255
More than  year to  years 28 28
More than  years to  years 7 33
More than  years to  years 34 6
More than  years to  years 6 6
More than  years 180 161
Other liabilities 4,451 4,489
ere is no signicant dierence between the carrying amounts and
the fair values of the other liabilities due to their short maturities or
market interest rates. ere is no signicant interest rate risk be-
cause most of these instruments bear oating rates of interest at
market rates.
 Trade payables
Most of the trade payables have a maturity of less than one year. e
reported carrying amount of trade payables corresponds to their
fair value.
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