DHL 1999 Annual Report Download - page 100

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111
Notes
Segment Reporting has been prepared in accordance
with IAS 14 (Segment Reporting). In orientation to the
organizational and internal reporting structure of the
Group, individual data for the Consolidated Financial
Statements are presented differentiating between busi-
ness segments (=corporate divisions) and geographical
areas. The segmentation is meant to provide trans-
parency in terms of the revenue situation and success
factors as well as net worth and financial position of the
individual components of the Group.
Based on the overriding organizational structure of the
Group, the primary reporting is oriented toward the
business segments (=corporate divisions) of the Group.
The Deutsche Post Group distinguishes between the fol-
lowing business segments:
MAIL
The MAIL corporate division increasingly perceives
itself as all-round service provider for the management
of written communications, going beyond its tradi-
tional role as provider of mere transport and delivery
services.
EXPRESS
Deutsche Post AG has combined its national and interna-
tional activities on the distribution market in the
EXPRESS corporate division. The international letter
business and the remaining international postal activities
were combined and are now under one management.
LOGISTICS
The LOGISTICS corporate division was established in
the financial year 1999 with the acquisition of DANZAS
Holding AG, Switzerland. Customers are offered inte-
grated services from a single source: air and sea freight
forwarding worldwide, road transportation all over
Europe and tailor-made logistics solutions.
FINANCIAL SERVICES
The FINANCIAL SERVICES corporate division repre-
sents the Group’s banking business in the fields of pay-
ment transactions and deposits, investment funds and
loans and advances. Prior-year figures refer exclusively
to the postal pension business segment (handling of
payments from social security institutions).
The data referring to these two business segments
(=corporate divisions) are reported after consolidating
the relationships within the corporate divisions. The
relationships between the corporate divisions are elimi-
nated in the reconciliation of Group financial statement
values. Non-allocable items and other components of
the Group,such as the real estate and building construc-
tion area and the counter services rendered on behalf of
Deutsche Postbank AG,are also eliminated.
Notes to the Segment Reporting