DHL 2000 Annual Report Download - page 100

Download and view the complete annual report

Please find page 100 of the 2000 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 152

  • 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

(8) Segment reporting
Notes to the segment reporting
Segment reporting has been prepared in accordance
with IAS 14 (Segment Reporting). Consistent with
the organizational and internal reporting structure
of the Group,figures for the consolidated financial
statements are presented by business segment (cor-
porate divisions) and geographical areas. The seg-
mentation is meant to enhance the transparency of
the revenues,risks and rewards,earnings and finan-
cial position of each component of the Group.
M AIL EXPRESS LOGISTICS FINANCIAL
SERVICES
2000 19991)
2000 19991)
2000 19991)
2000 1999 2000 1999 2000 1999
Other/
Consolidation
Group
Primary reporting
92
External revenue 10,385 10,240 5,753 4,504 8,094 4,273 7,969 2,856 507 490 32,708 22,363
Internal revenue 1,348 1,431 269 271 195 177 21 15 – 1,833 – 1,894 0 0
Total revenue 11,733 11,671 6,022 4,775 8,289 4,450 7,990 2,871 – 1,326 – 1,404 32,708 22,363
Profit from operating activities before amortization of goodwill (EBITA) 2,004 1,009 76 60 113 – 27 505 582) – 319 – 179 2,379 921
Amortization of goodwill 1 1 43 29 100 40 0 0 0 0 144 70
Profit from operating activities (EBIT) 2,003 1,008 33 31 13 – 67 505 582) – 319 – 179 2,235 851
Profit from associates 0 0 – 2 4 7 0 0 0 1 – 1 6 3
Segment assets 5,586 5,924 4,272 4,498 5,355 3,072 130,130 57,739 513 – 1,339 145,856 69,894
Investments in associates 0 0 427 428 31 28 0 306 1 9 459 771
Segment liabilities 1,405 1,341 934 1,192 2,213 2,184 127,752 56,212 354 –1,288 132,658 59,641
Segment investments 587 481 545 1,108 1,665 1,973 289 – 917 111 71 3,197 2,716
Depreciation and amortization 512 440 266 240 235 118 119 143 59 38 1,191 979
Other non-cash expenses 117 241 11 163 30 159 189 192 398 – 17 745 738
1) Previous year’s figures of the segments EXPRESS, LOGISTICS and FINANCIAL SERVICES were
restated in accordance with IAS based on the following circumstances:
The subsidiary Deutsche Post Transport GmbH was reclassified from the EXPRESS division to
the LOGISTIK division with retrospective effect as of January 1, 2000. The Deutsche Post Ful-
filment GmbH (formerly Deutsche Post Kontraktlogistik GmbH) whose purpose is largely the
forwarding of shoes represents a separate segment; due to the criteria set out in IAS 14.35,
however, this company is not required to report and is therefore included in Other / Consoli-
dation. Results of Deutsche Post Fulfilment GmbH amounted to €26 million (1999: €0 m).
The activities of this company were discontinued in the current year. The previous year’s fig-
ures were adjusted to permit comparability.
Based on the adoption of IAS 22 (revised 1998) and pursuant to the transitional provisions,
in the LOGISTICS segment the restructuring provision in connection with the acquired logis-
tics companies that had previously been set up with effect from July 1,1999, were recog-
nized as income by way of an adjustment of retained earnings and goodwill and other oper-
ating expenses. As a consequence, the recalculated result from operations before amortiza-
tion of goodwill (EBITA) for 1999 was negative (cf. note 6).
Based on the adoption of IAS 22 (revised 1998) the segment assets and the segment activi-
ties of the FINANCIAL SERVICES division were adjusted retroactively with effect from January
1, 1999. This adjustment results from the reclassification of the negative goodwill arising
from first consolidation of Deutsche Postbank AG, which is now reclassified to the intangible
assets of the Group. Had the negative difference not been recognized under segment invest-
ments in the previous year, segment investments had amounted to €1,227 million.
2) A retrospecive consolidation of the Special Funds in Deutsche Postbank group would have in-
creased income from operating activities of the FINANCIAL SERVICES division by €324 mil-
lion in 1999 (cf. note 7).
Germany Europe
excluding
Germany
Americas Asia/Pacific
2000 19992000 19992000 1999 2000 1999 2000 1999
Other
Regions
Group
Secondary reporting
External revenue 23,159 17,542 7,303 3,968 1,402 536 764 212 80 105 32,708 22,363
Segment assets 131,482 61,519 12,145 7,791 1,724 371 269 140 236 73 145,856 69,894
Investments 1,363 343 499 1,997 1,272 232 60 95 3 49 3,197 2,716
2000 1999
in millions
in millions