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43. Other liabilities

The information on this page was audited by PricewaterhouseCoopers on February 15, 2008.

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€m

  

2006

  

2007

1)

Prior-period amount restated, see Note 4.

Other non-current liabilities1)

  

237

  

361

Other current liabilities

  

4,938

  

5,101

Other liabilities1)

  

5,175

  

5,462

43.1 Breakdown of other liabilities

 

€m

  

2006

  

2007

1)

Prior-period amount restated, see Note 4.

Tax liabilities

  

774

  

841

Payable to employees and members of executive bodies

  

530

  

486

Deferred income

  

481

  

453

Compensated absences

  

406

  

420

Incentive bonuses

  

350

  

391

Wages, salaries, severance

  

288

  

312

Liabilities from the sale of residential building loans,
of which non-current: 106 (previous year: 104)

  

251

  

234

Social security liabilities

  

171

  

223

Derivatives, of which long-term 97 (previous year: 67)

  

165

  

157

Overtime claims

  

89

  

98

COD liabilities

  

67

  

78

Debtors with credit balances

  

65

  

71

Liabilities to Group companies

  

69

  

69

Other compensated absences

  

61

  

65

Accrued interest

  

74

  

59

Liabilities from commissions and premiums

  

43

  

43

Insurance liabilities

  

34

  

41

Settlement offered to BHW minority shareholders

  

0

  

39

Accrued rentals

  

31

  

25

Liabilities for damages

  

14

  

18

Accrued insurance premiums for damages and similar liabilities

  

17

  

17

Early termination fees

  

15

  

15

Liabilities from cheques issued

  

19

  

8

Liabilities from defined contribution pension plans

  

6

  

5

Other liabilities to customers

  

23

  

5

Liabilities to Bundes-Pensions-Service
für Post und Telekommunikation e.V.

  

9

  

4

Miscellaneous other liabilities

  

1,123

  

1,285

Other liabilities1)

  

5,175

  

5,462

Of the tax liabilities, €341 million (previous year: €316 million) are accounted for by VAT, €181 million (previous year: €209 million) by customs and duties and €319 million (previous year: €249 million) by other tax liabilities.

The liabilities from the sale of residential building loans relate to obligations of Deutsche Post AG to pay interest subsidies to borrowers to offset 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.

Other liabilities include a large number of individual items. Further details on the derivatives can be found in Note 48.2.

43.2 Maturity structure

 

€m

  

2006

  

2007

1)

Prior-period amount restated, see Note 4.

Less than 1 year

  

4,938

  

5,101

1 to 2 years

  

49

  

128

2 to 3 years

  

24

  

20

3 to 4 years

  

20

  

30

4 to 5 years

  

28

  

36

More than 5 years

  

116

  

147

Maturity structure of other liabilities1)

  

5,175

  

5,462

Short maturities or marking-to-market means that there are no significant differences between the carrying amounts and fair value of primary financial instruments. There is no significant interest rate risk because most of these instruments bear floating rates of interest at market rates.

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