DHL 2012 Annual Report Download - page 214

   ,
   
In addition to the consolidated subsidiaries, the Group has
direct and indirect relationships with unconsolidated companies,
associates and joint ventures deemed to be related parties of the
Group in the course of its ordinary business activities. As part of
these activities, all transactions for the provision of goods and ser-
vices entered into with unconsolidated companies were conducted
on an arm’s length basis at standard market terms and conditions.
Transactions were conducted in nancial year  with major
related parties, resulting in the following items in the consolidated
nancial statements:
 m
2011 2012
Receivables 27 7
from associates 18 1
from joint ventures 5 3
from unconsolidated companies 4 3
Loans 33 11
to associates 0 0
to joint ventures 20 0
to unconsolidated companies 13 11
Receivables from in-house banking 3 2
from associates 0 0
from joint ventures 3 2
from unconsolidated companies 0 0
Financial liabilities 102 93
to associates 28 2
to joint ventures 5 7
to unconsolidated companies 69 84
Liabilities 33 35
to associates 10 0
to joint ventures 22 35
to unconsolidated companies 1 0
Revenue 290 80
from associates 1 269 46
from joint ventures 20 33
from unconsolidated companies 1 1
Expenses 2 629 264
due to associates 1 445 66
due to joint ventures 163 176
due to unconsolidated companies 21 22
1 Revenue and expenses include Deutsche Postbank -related amounts up to and including
February .
2 Relate to materials expense and staff costs.
Deutsche Post  issued letters of commitment in the amount
of  million (previous year:  million) for these companies.
Of this amount,  million (previous year:  million) was
attributable to associates,  million (previous year:  million)
to joint ventures and  million (previous year:  million) to
unconsolidated companies.
. Related party disclosures (individuals)
In accordance with  , the Group also reports on trans-
actions between the Group and related parties or members of their
families. Related parties are dened as the Board of Management,
the Supervisory Board and the members of their families.
ere were no reportable transactions or legal transactions
involving related parties in nancial year .
e remuneration of key management personnel of the
Group requiring disclosure under   comprises the remuner-
ation of the active members of the Board of Management and the
Supervisory Board.
e active members of the Board of Management and the
Supervisory Board were remunerated as follows:
 m
2011 2012
Short-term employee benefits
(excluding share-based payment) 13 15
Post-employment benefits 3 3
Termination benefits 4 0
Share-based payment 1 18
Total 21 36
As well as the aforementioned benets for their work on the
Supervisory Board, the employee representatives who are on the
Supervisory Board and who are employed by the Group also receive
their normal salaries for their work in the company. ese salaries
are determined at levels that are commensurate with the salary
appropriate for the function or work performed in the company.
Post-employment benets are recognised as the service cost
resulting from the pension provisions for active members of the
Board of Management.
e share-based payment amount relates to the relevant
expense recognised for nancial years  and . It is itemised
in the following table:
Share-based payment
thousands of  2011 2012
 s  s
Dr Frank Appel, Chairman 199 3,951
Ken Allen 111 2,409
Roger Crook 1 58 576
Bruce Edwards 114 2,452
Jürgen Gerdes 114 2,452
Lawrence Rosen 111 2,398
Walter Scheurle 2 114 3,994
Hermann Ude 3 438 –
Angela Titzrath 4 – 119
Share-based payment 1,259 18,351
1 Since  March .
2 Until  April .
3 Until  March .
4 Since  May .
Deutsche Post DHL Annual Report 
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