DHL 2015 Annual Report Download - page 60

Deutsche Post  Group —  Annual Report
Increase in consolidated revenue to . billion
At , million, consolidated revenue was up by , million in nancial year
; this was exclusively due to positive currency eects, which increased this item by
, million. In contrast, lower fuel surcharges because of the fall in the oil price had
a signicant negative impact on revenue. In addition, changes to the way in which rev-
enue and expenses are reported as a result of revised terms to the ’s National Health
Service  contract led to a  million decline in revenue in the fourth quarter.
e proportion of revenue generated abroad increased slightly year-on-year to . 
(previous year :. ).
Revenue in the fourth quarter of  decreased by  million to , million;
adjusted for positive currency eects of  million, this item would have decreased
by  million. Revenue in the period was impacted in particular by lower fuel sur-
charges.
Other operating income rose from , million in the previous year to , mil-
lion. is includes gains of  million on the disposal of shares in King’s Cross and
Sinotrans. In addition, the weak euro led to higher income from currency translation.
e year under review also includes a positive one-o eect of  million resulting
mainly from the reversal of impairment losses on assets relating to the Cincinnati hub.
In the previous year, other operating income had increased due to a change in the assess-
ment of settlement payment obligations assumed in the context of restructuring the 
express business, and other factors.
Currency effects increase materials expense
Currency eects of , million were the main factor driving the increase in materials
expense to , million. Excluding this eect, this item declined by  million, due
primarily to lower fuel costs. e revised terms of the  contract reduced materials
expense by  million.
Sta costs rose by , million to , million, also mainly because of exchange
rate movements. In addition, there was a rise in the number of employees in the Group.
Depreciation, amortisation and impairment losses increased by .  from
, million in the previous year to , million, due mainly to impairment losses
of  million in relation to . e prior-year gure had included impairment losses
on aircra and aircra parts of  million.
At , million, other operating expenses were also signicantly higher than in
the previous year (, million). e weak euro led to an increase in currency trans-
lation expenses; in addition, restructuring expenses were incurred in the Supply Chain
division.
Consolidated revenue .
 m
 59,230
17,493 41,737
 56,630
17,367 39,263
Germany Abroad
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