DHL 2002 Annual Report Download - page 95

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10
Consolidated group
In addition to Deutsche Post AG, the consolidated financial
statements for the period ended December 31, 2002 generally
include all German and foreign operating companies in which
Deutsche Post AG directly or indirectly holds a majority of
voting rights. The companies are consolidated from the date
on which Deutsche Post World Net is able to exercise control.
The companies listed in the table below are consolidated
in addition to the parent company Deutsche Post AG.
68 subsidiaries (December 31, 2001: 65) were not
consolidated for reasons of materiality. Seven joint ventures
(December 31, 2001: 8) were not consolidated because they
were not material to the results of Deutsche Post World Net.
35 associates (December 31, 2001: 32) were carried at cost
because they were of minor significance to the results of
Deutsche Post World Net.
3The following table gives an overview of significant
companies consolidated for the first time, classified by the
Group’s Corporate Divisions:
Significant acquisitions or the first-time consolidation of
subsidiaries in the LOGISTICS segment had the following
effect on net assets, financial position and results of operations:
Consolidated group
Equity interest Date of Notes
in % first-time
consolidation
LOGISTICS
Cargoplan/Cargoline group
with 14 companies 100 Mar. 1, 2002 Purchased
SGS group with 7 companies 100 Jan. 1, 2002 Purchased
EXPRESS
DHL International Limited, Bermuda 100 Jan. 1, 2002 Purchase of
with 199 companies additional
equity interests
Companies consolidated for the first time
in €m Cargoplan/ Cargoline group SGS group
Assets 1) 13 26
Liabilities and provisions 1) 718
Revenue 1) 29 31
Goodwill 2) 38 18
1) Amounts at December 31, 2002 2) Amounts at date of acquisition
LOGISTICS
Total German Foreign Total
2001 2002 2002 2002
Number of fully consolidated companies
at Jan. 1 404 107 314 421
Additions 39 3 3437
Disposals 31 6 3945
Change in method of consolidation 95230* 235
at Dec. 31 421 109 539 648
Number of proportionately consolidated companies
at Jan. 1 43 2 4143
Additions 3–––
Disposals 1–––
Change in method of consolidation -2 – -14 -14
at Dec. 31 43 2 2729
Number of companies accounted for at equity
at Jan. 1 38 6 1521
Additions ––––
Disposals 1134
Change in method of consolidation -16 – 2525
at Dec. 31 21 5 3742
* relates primarily to DHL International with 199 companies