DHL 2015 Annual Report Download - page 210

Deutsche Post  Group —  Annual Report
   , 
        
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 unconsol i-
dated companies were conducted on an arm’s length basis at stand-
ard 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
2014 2015
Trade receivables 2 9
from investments accounted for using the equity
method 1 5
from unconsolidated companies 1 4
Loans 25 28
to investments accounted for using the equity
method 0 0
to unconsolidated companies 25 28
Receivables from in-house banking 2 2
from investments accounted for using the equity
method 2 2
from unconsolidated companies 0 0
Financial liabilities 23 26
to investments accounted for using the equity
method 12 15
to unconsolidated companies 11 11
Trade payables 10 7
to investments accounted for using the equity
method 4 3
to unconsolidated companies 6 4
Revenue 4 4
from investments accounted for using the equity
method 3 3
from unconsolidated companies 1 1
Expenses 1 35 37
due to investments accounted for using the equity
method 14 14
due to unconsolidated companies 21 23
1 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 families.
Related parties are dened as the Board of Management, the Super-
visory Board and the members of their families.
ere were no reportable transactions or legal transactions in-
volving related parties in nancial year .
e remuneration of key management personnel of the Group
requiring disclosure under   comprises the remuneration of
the active members of the Board of Management and the Super-
visory Board.
e active members of the Board of Management and the
Super visory Board were remunerated as follows:
 m
2014 2015
Short-term employee benefits
( excluding share-based payment) 17 13
Post-employment benefits 3 3
Termination benefits 1 4
Share-based payment 30 7
Total 51 27
As well as the aforementioned benets for their work on the Super-
visory Board, the employee representatives who are on the Super-
visory Board and employed by the Group also receive their normal
salaries for their work in the company. ese salaries are deter-
mined 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 corresponding liability amounted to
 million as at the reporting date (previous year:  million).
e share-based payment amount relates to the relevant ex-
pense recognised for nancial years  and . It is itemised in
the following table:
Share-based payment
Thousands of  2014
 s
2015
 s
Dr Frank Appel, Chairman 6,331 1,760
Ken Allen 3,280 1,061
Jürgen Gerdes 3,523 1,109
John Gilbert 60 91
Melanie Kreis – 35
Lawrence Rosen 3,304 1,029
Roger Crook (until  April ) 2,577 1,822
Bruce Edwards (until  March ) 6,722 –
Angela Titzrath (until  July ) 4,071 –
Share-based payment 29,868 6,907
200