DHL 2001 Annual Report Download - page 134

134
•Dividends
Dividends paid to the shareholders of Deutsche Post
AG are based on the net retained profits of €1,965
million reported in the annual financial statements
of Deutsche Post AG prepared in accordance with
the German Commercial Code.
The Board of Management is proposing to utilize
the unappropriated surplus of Deutsche Post AG
to distribute a dividend of €0.37 per no-par value
share.The amount of €1,553 million remaining after
deduction of the total dividend of €412 million will
be transferred to retained earnings.
The dividend will be paid from the tax capital
contribution account. The distribution will not result
in a tax credit and is not classified in Germany as
income from capital assets.
33. Minority interest
Minority interests include adjustments for the inter-
ests of non-Group shareholders in the consolidated
equity from capital consolidation, and their inter-
ests in profit and loss.
The interests relate primarily to the following
companies:
The minority interest in Merkur Direktwerbe-
gesellschaft mbH & Co. KG declined as a result of
the purchase of additional interests. Deutsche Post-
bank AG also purchased additional interests in DSL
Holding AG i.A.
34. Provisions for pensions and other employee
benefits
Provisions for pensions and other employee benefits
changed as follows in fiscal year 2001,based on the
opening balances of fiscal year 2000:
The maturity structure of pensions and other
employee benefits is presented below:
The provisions for pensions and other employee
benefits relate principally to the following companies:
2000
200020012000200120002001
Minority interest
Deutsche Postbank group 59 64
Danzas group 10 4
Merkur Direktwerbegesellschaft mbH 0 5
Other companies 6 6
75 79
2001
in €m
Total
Provisions for pensions and other employee benefits
Opening balance at Jan. 1, 2000* 6,534* 60* 6,594
Changes in consolidated group 59 0 59
Utilization 349 8 357
Reversal 0 1 1
Exchange differences -4 -1 -5
Appropriation 429 1 430
Closing balance at Dec. 31,2000* 6,669* 51* 6,720
Changes in consolidated group 6 1 7
Utilization 513 7 520
Exchange differences -2 1 -1
Appropriation 421 0 421
Closing balance at Dec. 31, 2001 6,581 46 6,627
Provisions
for other
employee
benefits
Pension
provisions
in €m
* The pension-related obligations of the Danzas group are carried under pension provisions
in fiscal year 2000. They are now classified as provisions for other employee benefits.
Prior-year amounts have been restated.
Total
Maturities
Less than one year 602 445 12 9 614 454
One to five years 1,659 1,509 17 22 1,676 1,531
More than five years 4,320 4,715 17 20 4,337 4,735
6,581 6,669 46 51 6,627 6,720
Provisions
for other
employee
benefits
Pension
provisions
in €m