- About Us
- Group Management Report
- Corporate Governance
- Consolidated Financial Statements
Consolidated Financial Statements
Notes to the Consolidated Financial Statements of Deutsche Post AG
Other disclosures
52 Other financial obligations In addition to provisions, liabilities and contingent liabilities, there are other financial obligations amounting to €7,091 million (previous year: €6,193 million) from non-cancellable operating leases as defined by IAS 17.
The Group’s future non-cancellable payment obligations under leases are attributable to the following asset classes:
|
Lease obligations |
||
| €m
|
||
|
|
2009 |
2010 |
|
Land and buildings |
5,359 |
5,554 |
|
Aircraft |
312 |
951 |
|
Transport equipment |
376 |
439 |
|
Technical equipment and machinery |
106 |
115 |
|
Other equipment, operating and office equipment |
25 |
20 |
|
IT equipment |
15 |
12 |
|
Lease obligations |
6,193 |
7,091 |
The change is largely attributable to aircraft leases.
|
Maturity structure of minimum lease payments |
||
| €m
|
||
|
|
2009 |
2010 |
|
Less than 1 year |
1,357 |
1,433 |
|
More than 1 year to 2 years |
1,023 |
1,199 |
|
More than 2 years to 3 years |
800 |
914 |
|
More than 3 years to 4 years |
600 |
731 |
|
More than 4 years to 5 years |
478 |
557 |
|
More than 5 years |
1,935 |
2,257 |
|
Maturity structure of minimum lease payments |
6,193 |
7,091 |
The present value of discounted minimum lease payments is €5,311 million (previous year: €4,773 million), based on a discount factor of 6.50% (previous year: 6.00%). Overall, rental and lease payments amounted to €2,330 million (previous year: €2,370 million), of which €1,693 million (previous year: €1,820 million) relates to non-cancellable leases. €2,745 million (previous year: €2,747 million) of future lease obligations from non-cancellable leases is primarily attributable to Deutsche Post Immobilien GmbH.
The purchase obligation for investments in non-current assets amounted to €194 million (previous year: €234 million).
Print page
Start reading