DHL 2004 Annual Report Download - page 94

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90
8 Consolidation methods
The consolidated financial statements are based on the IFRS
financial statements of Deutsche Post AG and its consolidated
subsidiaries, joint ventures and associates, which were prepared
in accordance with uniform accounting policies as of December 31,
2004, and audited by independent auditors.
First-time consolidation of subsidiaries uses the purchase
method of accounting in accordance with IAS 22 (Business Com-
binations), or the revaluation model in accordance with IFRS 3 for
subsidiaries acquired from March 31, 2004.
Joint ventures are proportionately consolidated in accor-
dance with IAS 31: assets and liabilities, and income and expenses,
of jointly controlled companies are included in the consolidated
financial statements in proportion to the interest held in these
companies. Proportionate capital consolidation and recognition
and measurement of goodwill use the same methods as applied to
the consolidation of subsidiaries.
Companies on which the parent can exercise significant
influence (associates) are carried at equity using the purchase
method of accounting. Any goodwill is reported under investments
in associates.
Intragroup revenue, other operating income and expenses,
as well as receivables, liabilities, and provisions between consoli-
dated companies, are eliminated. Intercompany profits or losses
from intragroup deliveries and services not realized by sale to third
parties are eliminated.
9 Segment reporting
Segments by
corporate division
MAIL 1) 2) 3) EXPRESS
1) 4) LOGISTICS FINANCIAL
SERVICES
1)
Other /
Consolidation
1) 2) 3) 4)
Group
in € m
2003 2004 2003 2004 2003 2004 2003 2004 2003 2004 2003 2004
External revenue 11,939 12,096 15,124 17,629 5,815 6,681 7,021 6,700 118 62 40,017 43,168
Internal revenue 556 651 169 163 63 105 640 649 – 1,428 – 1,568 0 0
Total revenue 12,495 12,747 15,293 17,792 5,878 6,786 7,661 7,349 – 1,310 – 1,506 40,017 43,168
Profit or loss from
operating activities before
goodwill amortization (EBITA) 2,082 2,085 365 367 206 281 568 692 – 246 – 78 2,975 3,347
Goodwill amortization 15 13 213 256 90 99 1 2 0 0 319 370
Profit or loss from
operating activities after
goodwill amortization (EBIT) 2,067 2,072 152 111 116 182 567 690 – 246 – 78 2,656 2,977
Net income / loss from associates 0 0 – 28 4 0 0 0 0 0 0 – 28 4
Segment assets 4,055 4,198 11,814 12,597 2,910 3,156 131,080 126,804 – 469 – 687 149,390 146,068
Investments in associates 0 21 63 53 16 11 0 0 0 – 3 79 82
Segment liabilities including
non-interest-bearing provisions 2,040 2,076 3,678 3,768 1,074 1,132 124,194 117,959 319 871 131,305 125,806
Segment investments 270 879 2,798 1,583 287 138 202 204 – 33 – 75 3,524 2,729
Depreciation, amortization
and write-downs 429 459 787 856 156 175 273 258 66 73 1,711 1,821
Other non-cash expenses 143 157 153 101 17 14 320 287 63 88 696 647
Employees 5) 136,028 134,004 129,045 140,284 31,296 31,696 33,490 32,293 10,119 10,394 339,978 348,671
1) Prior-period amounts restated due to restructuring of Mail International Business Division and other product portfolio optimization measures
2) Prior-period amounts restated due to reclassification of Deutsche Post Com GmbH from Other / Consolidation to the MAIL Corporate Division
3) Prior-period amounts restated due to reclassification of interServ Gesellschaft für Personal- und Beraterdienstleistungen mbH from the MAIL Corporate Division to Other / Consolidation
4) Prior-period amounts restated due to reclassification of DHL Fulfilment GmbH from Other / Consolidation to the EXPRESS Corporate Division
5) Number of employees calculated as averages for fiscal years 2003 and 2004 (FTEs)
Segments by region
Germany Europe excluding
Germany
Americas Asia / Pacific Other regions Group
in € m
2003 2004 2003 2004 2003 2004 2003 2004 2003 2004 2003 2004
External revenue 22,729 22,583 10,334 10,990 4,419 6,426 1,990 2,542 545 627 40,017 43,168
Segment assets 126,253 122,868 15,306 15,264 6,445 6,657 819 998 567 281 149,390 146,068
Segment investments 516 854 1,109 1,000 1,725 726 87 128 87 21 3,524 2,729
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