DHL 2003 Annual Report Download - page 140
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Significant subsidiaries, joint ventures, and associates
Equity interest Equity interest
and share of and share of
Country voting rights voting rights Revenue
1)
Revenue
1)
in % in % in
€m
in
€m
Dec. 31, 2002 Dec. 31, 2003 2002 2003
Significant subsidiaries
MAIL
Deutsche Post Global Mail, Ltd. 2) USA 100.00 100.00 211 161
Interlanden B.V. 3) Netherlands – 70.00 – 74
Deutsche Post In Haus Service GmbH Germany 100.00 100.00 66 63
Deutsche Post Global Mail GmbH 2) Germany 100.00 100.00 50 54
EXPRESS/LOGISTICS
Deutsche Post Euro Express Deutschland GmbH & Co. OHG Germany 100.00 100.00 1,437 1,539
Air Express International USA, Inc. USA 100.00 100.00 1,251 1,070
Securicor Omega Holdings Ltd. (subgroup) 4) UK 25.00/50.00 100.00 5735) 1,061
Airborne, Inc. (subgroup) 3) USA – 100.00 – 1,034
DHL Worldwide Express Inc. USA 100.00 100.00 1,104 999
Danzas S.A. France 100.00 100.00 880 874
Danzas ASG Eurocargo AB Sweden 100.00 100.00 688 698
Danzas GmbH Germany 100.00 100.00 695 692
DHL International (UK) Ltd. UK 100.00 100.00 539 506
Danzas S.p.A. Italy 100.00 100.00 472 440
DHL Danzas Air & Ocean Germany GmbH Germany 100.00 100.00 354 403
DHL Worldwide Express GmbH Germany 100.00 100.00 329 355
Van Gend & Loos B.V. Netherlands 100.00 100.00 301 328
Danzas AG Switzerland 100.00 100.00 339 320
DHL International S.A. France 100.00 100.00 309 320
Danzas Limited UK 100.00 100.00 308 310
DANZAS Euronet GmbH Germany 100.00 100.00 316 302
Danzas Limited Hong Kong 100.00 100.00 285 280
DHL Japan Inc. Japan 100.00 100.00 259 270
FINANCIAL SERVICES
Deutsche Postbank AG (subgroup) Germany 100.00 100.00 7,475 6,687
Significant joint ventures
DHL Sinotrans International Air Courier Ltd. China 50.00 50.00 77 5) 885)
Significant associates
trans-o-flex Schnell-Lieferdienst GmbH Germany 24.80 24.80 – –
1) IAS amounts reported in single-entity financial statements
2) Included in MAIL segment since August 1, 2003 (previously EXPRESS)
3) Not a consolidated subsidiary in 2002
4) 100% equity interest and share of voting rights since July 3, 2003. Previous year: equity interest of 25%, share of voting rights of 50%,
interest in net assets (basis of proportionate consolidation) of 49.99%
5) Proportionate amount
Significant subsidiaries, joint ventures, and associates
50
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