DHL 2014 Annual Report Download - page 216

       
e Federal Republic holds around   of the shares of Deutsche
Telekom  directly and indirectly (via KfW). A control rela-
tionship exists between Deutsche Telekom  and the Federal
Republic because the Federal Republic, despite its non-controlling
interest, has a secure majority at the Annual General Meeting
due to its average presence there. Deutsche Telekom  is there-
fore a related party of Deutsche Post . In nancial year ,
Deutsche Post  Group provided goods and services (mainly
transport services for letters and parcels) for Deutsche Telekom
 and purchased goods and services (such as  products) from
Deutsche Telekom .
       
Deutsche Bahn  is wholly owned by the Federal Republic. Owing
to this control relationship, Deutsche Bahn  is a related party to
Deutsche Post . Deutsche Post  Group has various business
relationships with the Deutsche Bahn Group. ese mainly consist
of transport service agreements.
--     . .
Disclosures on the Bundes-Pensions-Service für Post- und Tele-
kommunikation e. V. - can be found in Note .
   
e real estate with a fair value of , million (previous year:
, million), of which Deutsche Post Betriebsrenten Service e. V.
 and /or Deutsche Post Pensions-Treuhand GmbH & Co. ,
Deutsche Post Betriebsrenten-Service e. V. & Co. Objekt Gronau
 and Deutsche Post Grundstücks-Vermietungsgesellscha beta
mbH Objekt Leipzig  are the legal or benecial owners, is ex-
clusively let to Deutsche Post Immobilien GmbH. Rental expense
for Deutsche Post Immobilien GmbH amounted to  million
in  (previous year:  million). e rent was always paid on
time. Deutsche Post Pensions-Treuhand GmbH & Co.  owns
  of Deutsche Post Pensionsfonds . Further disclosures on
pension funds can be found in Notes  and .
   , 
        
In addition to the consolidated subsidiaries, the Group has direct
and indirect relationships with unconsolidated companies, invest-
ments accounted for using the equity method and joint operations
deemed to be related parties of the Group in the course of its ordin-
ary business activities. As part of these activities, all transactions
for the provision of goods and services entered into with uncon-
solidated 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 con-
solidated nancial statements:
 m 2013
adjusted 1
2014
Receivables 4 2
from investments accounted for using the equity
method 1 1
from unconsolidated companies 3 1
Loans 15 25
to investments accounted for using the equity
method 0 0
to unconsolidated companies 15 25
Receivables from in-house banking 4 2
from investments accounted for using the equity
method 4 2
from unconsolidated companies 0 0
Financial liabilities 90 23
to investments accounted for using the equity
method 9 12
to unconsolidated companies 81 11
Liabilities 7 10
to investments accounted for using the equity
method 4 4
to unconsolidated companies 3 6
Revenue 12 4
from investments accounted for using the equity
method 11 3
from unconsolidated companies 1 1
Expenses 2 41 35
due to investments accounted for using the equity
method 19 14
due to unconsolidated companies 22 21
1 Note .
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 attribut-
able to investments accounted for using the equity method,  mil-
lion (previous year:  million) to joint operations and  million
(previous year:  million) to unconsolidated companies.
. Related party disclosures (individuals)
In accordance with  , the Group also reports on transactions
between the Group and related parties or members of their fam-
ilies. 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.
Deutsche Post  Group —  Annual Report
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