DHL 2015 Annual Report Download - page 197
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Deutsche Post Group — Annual Report
. Collateral
million (previous year: million) of collateral is recog-
nised in non-current nancial assets as at the balance sheet date. Of
this amount, million relates to the restricted cash transferred
to a blocked account with Commerzbank for any payments that
may be required due to the state aid proceedings, Note . An
amount of million relates primarily to liabilities in conjunction
with the settlement of Deutsche Post ’s residential building loans.
million relates to sureties paid.
Collateral of million is recognised in current nancial
assets (previous year: million). Of this amount, million
concerns collateral in connection with an transaction and
million collateral deposited for cross-border leases (
leases).
. Derivative financial instruments
e interest rate swaps designated as fair value hedges as at De-
cember were unwound in the rst quarter of . is led to
an adjustment to the carrying amount which will be amortised
using the eective interest method and reduce the interest expense
in net nance cost in future. An amount of million resulting
from the adjustment to the carrying amount had not yet been am-
ortised as at December .
e Group uses currency forwards and currency swaps to hedge the
cash ow risk from future foreign currency operating revenue and
expenses. e fair values of currency forwards and currency swaps
amounted to – million at the reporting date (previous year:
– million). e hedged items will have an impact on cash ow
by .
e risks from the purchase of diesel and marine diesel fuels,
which cannot be passed on to customers, were hedged using com-
modity swaps that will aect cash ow by . e fair value of
these cash ow hedges amounted to – million (previous year:
– million).
187
Consolidated Financial Statements — NOTES — Other disclosures