DHL 2003 Annual Report Download - page 111
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Notes
Income statement disclosures
Revenue and income from
banking transactions
Revenue and income from banking transactions is composed of the
following items:
As in the prior-year period, there was no revenue or income
from banking transactions in fiscal year 2003 that was generated on
the basis of barter transactions.
The increase in revenue is primarily due to the revenue
contribution from companies consolidated for the first time in the
past fiscal year, such as Airborne (ratably since August 2003), DHL
Express Canada Ltd. (since January 2003), and Securicor, which
has been fully consolidated since July 2003 (see note 3).
The further classification of revenue by Corporate Divisions
(business segments) and the allocation of revenue and income from
banking transactions to geographical regions is presented in the
segment reporting (see note 8).
The following table shows the composition of income from
banking transactions:
The decrease in income from banking transactions is largely
due to the fall in interest rates.
9
Other operating income
Other operating income is composed of the following items:
Other operating income fell by €1,804 million. Of this figure,
€1,499 million is attributable to the fact that the income from
the reversal of Deutsche Postbank AG’s negative goodwill was no
longer included. This negative goodwill was reversed in full in
December 2002.
In addition, €221 million was realized in the previous year
from the disposal of noncurrent assets resulting from the transfer of
real estate to the Pension Trust, while a further €136 million was
realized under QTE leases.
Miscellaneous other operating income includes a number of
individual items, none of which exceeds €10 million.
Materials expense and expenses
from banking transactions
The materials expense and expenses from banking transactions are
composed of the following items:
11
10
Financial Statements
Revenue and income from banking transactions
in €m 2002 2003
Revenue 31,798 33,345
Income from banking transactions 7,457 6,672
39,255 40,017
Other operating income
Income from banking transactions
in €m 2002 2003
Interest income
Interest income from
credit and money market transactions 3,555 3,190
Interest income from fixed-income
securities and book-entry securities 2,557 2,115
Income from equities and
other non-fixed-income securities 29 35
Other interest income 733 621
6,874 5,961
Commission income 503 528
Net trading income 80 183
7,457 6,672
in €m 2002 2003
Income from the reversal of provisions 121 246
Gains on disposal of noncurrent assets 402 177
Income from currency translation differences 123 125
Rental and lease income 117 101
Income from the derecognition of liabilities 63 96
Income from investment securities and
insurance business (financial services) 40 85
Income from prior-period billings 114 61
Insurance income 83 61
Income from loss compensation 32 35
Income from fees and reimbursements 15 32
Income from vehicle center services 16 24
Income from personnel services 15 19
Income from work performed and capitalized 43 15
Reversals of impairment losses
on receivables and other assets 25 15
Income from housing management cost equalization 13 10
Income from the reversal of
negative goodwill of Deutsche Postbank AG 1.499 0
Income from QTE leases 136 0
Miscellaneous 150 101
3,007 1,203
Materials expense and expenses from banking transactions
in €m 2002 2003
Materials expense 12,634 14,084
Expenses from banking transactions 5,086 4,382
17,720 18,466
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