DHL 1997 Annual Report Download - page 76

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(15) Other payables include the loan from Deutsche Telekom AG under
section 2(2) of the Post Transformation Act and employee wages.
(16) Under section 119 of the Sixth Book of the Code of Social Law,
Deutsche Post AG acts as paying agency for social insurance
authorities. Under the Ordinance Regulating the Postal Pension
Payments Service, Deutsche Post AG’s status relative to the funds
entrusted to it for this purpose is that of trustee. This trusteeship is
not disclosed in the balance sheet. At December 31, 1997, the assets
held in trust by Deutsche Post AG in this activity amounted to
DM 210 (161) million.
The assets held in trust by Deutsche Post AG in its function as admi-
nistrator of housing promotion loans amounted at December 31, 1997,
to DM 593 (617) million.
(17) Contingent liability guarantees amounted at the balance sheet date
to DM 1,131 (1,099) million.
(18) Deutsche Post AG has issued letters of support for amounts totaling
DM 1 (2) million.
(19) Other financial commitments amounted at December 31, 1997, to
DM 2,422 (2,619) million, and consisted principally of future pay-
ments under long-term transportation contracts and lease agree-
ments and purchase contracts for noncurrent assets.
B. Notes to the statement of income
(1) Net revenue in 1997 consisted of
(2) Other operating income consisted principally of income from the
73
(Millions of DM) 1997 1996
Letter Mail
Letters and Infopost items 18,265 17,729
Pressepost items 1,492 1,481
Letter Mail, total 19,757 19,210
Freight Mail 3,065 3,088
International Post 2 ,0 7 9 2 , 0 81
Postal Branches 1,660 1,743
Other net revenue 575 580
Net revenue, total 27 ,136 2 6 ,702