Balance Sheet

As at 31 March 2009
€m
	31 Dec. 2008	31 March 2009
ASSETS
Intangible assets	11,627	11,814
Property, plant and equipment	6,676	6,586
Investment property	32	33
Investments in associates	61	1,632
Other non-current financial assets	574	538
Non-current financial assets	635	2,170
Other non-current assets	514	1,544
Deferred tax assets	1,033	653
Non-current assets	20,517	22,800
Inventories	269	251
Income tax assets	191	204
Receivables and other assets	8,715	8,981
Financial instruments	50	2,563
Cash and cash equivalents	1,350	3,511
Assets held for sale	231,872	49
Current assets	242,447	15,559
Total assets	262,964	38,359
EQUITY AND LIABILITIES
Issued capital	1,209	1,209
Other reserves	439	1,088
Retained earnings	6,178	7,122
Equity attributable to Deutsche Post AG shareholders	7,826	9,419
Minority interest	2,026	122
Equity	9,852	9,541
Provisions for pensions and other employee benefits	4,685	4,680
Deferred tax liabilities	833	524
Other non-current provisions	2,511	2,541
Non-current provisions	8,029	7,745
Non-current financial liabilities	3,318	7,163
Other non-current liabilities	367	351
Non-current liabilities	3,685	7,514
Non-current provisions and liabilities	11,714	15,259
Current provisions	2,807	2,610
Current financial liabilities	779	300
Trade payables	4,980	4,415
Income tax liabilities	351	344
Other current liabilities	4,745	5,890
Liabilities associated with assets held for sale	227,736	0
Current liabilities	238,591	10,949
Current provisions and liabilities	241,398	13,559
Total equity and liabilities	262,964	38,359