DHL 2012 Annual Report Download - page 146
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Please find page 146 of the 2012 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS OF
DEUTSCHE POST AG
BASIS OF PREPARATION
Basis of accounting
As a listed company, Deutsche Post prepared its consoli-
dated nancial statements in accordance with the International
Financial Reporting Standards ( s), as adopted by the European
Union , and the provisions of commercial law to be additionally
applied in accordance with section a of the Handelsgesetzbuch
( – German Commercial Code). e nancial statements rep-
resent an annual nancial report within the meaning of the Trans-
parenzrichtlinie-Umsetzungsgesetz ( – Transparency Directive
Implementing Act) (section v of the Wertpapierhandelsgesetz
(WpHG – German Securities Trading Act)) dated January .
e requirements of the Standards applied have been satised
in full, and the consolidated nancial statements therefore provide
a true and fair view of the Group’s net assets, nancial position and
results of operations.
e consolidated nancial statements consist of the income
statement and the statement of comprehensive income, the balance
sheet, the cash ow statement, the statement of changes in equity
and the Notes. In order to improve the clarity of presentation, vari-
ous items in the balance sheet and in the income statement have
been combined. ese items are disclosed and explained separately
in the Notes. e income statement has been classied in accord-
ance with the nature of expense method.
e accounting policies, as well as the explanations and dis-
closures in the Notes to the consolidated nancial statements
for nancial year , are generally based on the same accounting
policies used in the consolidated nancial statements. Excep-
tions to this are the changes in international nancial reporting
under the s described in Note that have been required
to be applied by the Group since January . e accounting
policies are explained in Note .
e nancial year of Deutsche Post and its consolidated
subsidiaries is the calendar year. Deutsche Post , whose regis-
tered oce is in Bonn, Germany, is entered in the commercial
regis ter of the Bonn Local Court.
ese consolidated nancial statements were authorised for
issue by a resolution of the Board of Management of Deutsche Post
dated February .
e consolidated nancial statements are prepared in euros
. Unless otherwise stated, all amounts are given in millions of
euros ( million, m).
Consolidated group
In addition to Deutsche Post , the consolidated nancial
statements for the period ended December include all
German and foreign companies in which Deutsche Post directly
or indirectly holds a majority of voting rights, or whose activities
it can control in some other way. e companies are consolidated
from the date on which the Group is able to exercise control.
e companies listed in the table below are consolidated in
addition to the parent company Deutsche Post .
Consolidated group
2011 2012
Number of fully consolidated companies
( subsidiaries)
German 76 85
Foreign 754 730
Number of proportionately consolidated joint
ventures
German 1 1
Foreign 13 3
Number of companies accounted for using
the equity method (associates) 1
German 31 0
Foreign 28 8
1 The interest in Deutsche Postbank had been measured in accordance with
since March and was disposed of in February .
e decrease in the number of equity-accounted companies is
largely attributable to the derecognition of Deutsche Postbank
and its subsidiaries. e complete list of the Group’s shareholdings
in accordance with section nos. to and section
of the can be accessed on the website, www.dp-dhl.com/en/
investors.html.
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