DHL 2014 Annual Report Download - page 165

Download and view the complete annual report

Please find page 165 of the 2014 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.

Page out of 234

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234

INCOME STATEMENT DISCLOSURES
 Revenue
 m 2013
adjusted 1
2014
Revenue 54,912 56,630
1 Note .
Revenue rose by , million   year-on-year to , mil-
lion. e increase was due to the following factors:
Factors affecting revenue increase
 m
2014
Organic growth 2,277
Portfolio changes 152
Currency translation effects – 407
Total 1,718
As in the prior period, there was no revenue in nancial year 
that was generated on the basis of barter transactions.
e further classication of revenue by division and the al-
location of revenue to geographical regions are presented in the
segment reporting.
 Other operating income
 m 2013
adjusted 1
2014
Income from the reversal of provisions 206 308
Income from currency translation differences 157 171
Insurance income 191 168
Income from fees and reimbursements 133 159
Income from work performed and capitalised 88 128
Income from the remeasurement of liabilities 100 126
Commission income 105 126
Rental and lease income 136 124
Reversals of impairment losses on receivables
andother assets 85 97
Income from derivatives 66 68
Gains on disposal of non-current assets 112 64
Income from the derecognition of liabilities 31 53
Income from prior-period billings 71 38
Income from loss compensation 25 28
Subsidies 8 11
Recoveries on receivables previously written off 17 9
Miscellaneous 431 338
Other operating income 1,962 2,016
1 Note .
Income from the reversal of provisions increased mainly because
of a change in the assessment of settlement payment obligations
assumed in the context of the restructuring measures in the .
e probability that this obligation will occur has declined to the
point where the provision was reversed. A contingent liability in
the amount of  million as at the balance sheet date has been
recognised for the potential obligation; Note .
Subsidies relate to grants for the purchase or production of
assets. e grants are reported as deferred income and recognised
in the income statement over the useful lives of the assets.
Miscellaneous other operating income includes a large num-
ber of smaller individual items.
 Materials expense
 m 2013
adjusted 1
2014
Cost of raw materials, consumables and supplies,
and of goods purchased and held for resale
Goods purchased and held for resale 1,828 2,052
Aircraft fuel 1,342 1,338
Fuel 848 817
Packaging material 363 354
Spare parts and repair materials 88 96
Oce supplies 65 62
Other expenses 121 112
4,655 4,831
Cost of purchased services
Transportation costs 18,222 18,814
Cost of temporary staff 2,005 2,124
Expenses from non-cancellable leases 1,708 1,845
Maintenance costs 969 1,016
 services 603 617
Expenses from cancellable leases 549 478
Commissions paid 466 462
Expenses for the use of Postbank branches 409 410
Other lease expenses (incidental expenses) 261 265
Other purchased services 1,191 1,180
26,383 27,211
Materials expense 31,038 32,042
1 Note .
e increase in the materials expense is mainly due to higher trans-
portation costs and increased expenses related to goods purchased
and held for resale for the business with the  National Health
Service in the Supply Chain division.
Other expenses include a large number of individual items.
Deutsche Post  Group —  Annual Report
159
Consolidated Financial Statements — NOTES — Segment reporting — Income statement disclosures