DHL 2000 Annual Report Download - page 94

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During fiscal year 2000,a total of 169 companies – of
which 142 were fully consolidated companies and 27
companies valued at equity – were included for the first
time in the Group’s consolidated financial statements.
The most significant of these have been classified ac-
cording to business divisions and are set forth below:
The acquisition of the American logistics provider
AEI alone was responsible for the addition of 63 sub-
sidiaries to the consolidated group. This acquisition,
which entered into effect on March 1, 2000,strength-
ens the operational capabilities of the Group in inter-
national air-freight forwarding. The acquisition is
part of the ongoing international development strate-
gy of the Deutsche Post Group. The acquisition of the
AEI group involved a purchase price of €1,197 mil-
lion and resulted in goodwill of €1,008.Obligations
subsequently identified during the current fiscal year
in accordance with IAS 22.71 were retroactively includ-
ed in the opening balance sheet.As a consequence,the
initial goodwill of the AEI group increased by €47
million. Taking currency translation differences into
account,the goodwill amounts to €1,045 million as
of December 31,2000.
The acquisition of the AEI group had the following
effects on the net assets,financial position and results
of operations:
On April 1, 2000, Deutsche Post acquired ten foreign
subsidiaries of trans-o-flex Schnell-Lieferdienst GmbH,
Weinheim, of which eight were included in the con-
solidated group. This enables Deutsche Post AG to
expand its range of services for the European market,
particularly with respect to special services,ware-
housing and commissioning for industries such as
pharmaceuticals,consumer electronics and infor-
mation technology. The purchase price for the ac-
quisition of the ten companies totaled €53 million.
Casa di Spedizioni Ascoli S.p.A.,Milan (Italy) is not
included since the purchase of this company had to
be revoked for antitrust law reasons.
86
Date of
first conso-
lidation
RemarksShareholding
in %
FINANCIAL SERVICES
DSL Bank, Bonn Acquisition
100 January 2000 and merger
DSL Bank Luxemburg S.A., Acquisition
Luxembourg 100 January 2000 and merger
Postbank Systems AG, Bonn
100 March 2000 Formation
LOGISTICS
DANZAS TeleLog GmbH,
Frankfurt/Main 100 Sept. 2000 Acquisition
Air Express International (AEI)
with 63 companies of which
using the equity method 100 March 2000 Acquisition
EXPRESS
Deutsche Post Global Mail
(Australia), Pty.Ltd., Australia 100 July 2000 Formation
Herald International Mailings
Limited, London 100 March 2000 Acquisition
Eight companies of the
trans-o-flex group 100 April 2000 Acquisition
OTHER
Deutsche Post Ventures GmbH,
Bonn 100 May 2000 Acquisition
Deutsche Post eBusiness GmbH,
Bonn 100 Sept. 2000 Formation
Companies
Assets 1,708
Liabilities and provisions 421
Revenue 638
Profit/loss for the period after taxation – 10
AEI group*
*Values as at June 30, 2000. Due to the advanced integration process, separate data were
last available as at that date.
in millions