DHL 2004 Annual Report Download - page 96

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92
Segment liabilities relate to non-interest-bearing provisions and
liabilities (excluding income tax liabilities) and to liabilities from
financial services.
Segment investments relate to intangible assets (including pur-
chased goodwill) and property, plant and equipment.
Depreciation, amortization and write-downs relate to the seg-
ment assets allocated to the individual corporate divisions.
Other non-cash expenses relate primarily to expenses from the
recognition of provisions.
9.3 Disclosures on the segment amounts by region
The allocation of external revenue is based on the location of the
customers. Only revenue generated from non-Group third parties
is disclosed.
Segment assets are allocated to the location of the assets. They
are composed of the noncurrent assets (excluding noncurrent
fi nancial assets) and current assets (excluding income tax receiv-
ables, cash and cash equivalents, and current financial instru-
ments) of the individual regions. Segment assets also include
receivables and other securities from financial services, as well as
purchased goodwill, which are generally allocated on the basis of
the domicile of the Group companies.
Segment investments are also allocated on the basis of the
location of the assets. They include investments in intangible
assets (including purchased goodwill) and property, plant and
equipment.
Income statement disclosures
10 Revenue and income from banking transactions
Revenue and income from banking transactions is composed of
the following items:
Revenue and income
from banking transactions
in € m
2003 2004
Revenue 33,345 36,781
Income from banking transactions 6,672 6,387
40,017 43,168
As in the prior-year period, there was no revenue or income from
banking transactions in fiscal year 2004 that was generated on the
basis of barter transactions.
The increase in revenue is primarily due to the revenue con-
tribution from companies consolidated for the first time or in full
in the year under review, such as DHL Sinotrans, DHL Korea,
SmartMail, Securicor and Airborne Inc. (see note 3).
The further classification of revenue by corporate division
(business segment) and the allocation of revenue and income from
banking transactions to geographical regions is presented in the
segment reporting (see note 9).
The following table shows the composition of income from
banking transactions:
Income from banking transactions
in € m
2003 2004
Interest income
Interest income from credit and
money market transactions 3,190 2,976
Interest income from fixed-income securities
and book-entry securities 2,115 1,971
Income from equities and
other non-fixed-income securities 35 77
Other interest income 621 481
5,961 5,505
Commission income 528 684
Net trading income 183 198
6,672 6,387
The decrease in income from banking transactions is largely due to
the fall in interest rates.
11 Other operating income
Other operating income is composed of the following items:
Other operating income
in € m
2003 2004
Income from investment securities and
insurance business (financial services) 85 304
Income from the reversal of provisions 246 163
Gains on disposal of noncurrent assets 177 115
Income from fees and reimbursements 32 93
Income from Deutsche Postbank AG IPO 0 92
Rental and lease income 101 91
Insurance income 61 91
Income from currency translation differences 125 88
Income from the derecognition of liabilities 96 51
Income from prior-period billings 61 44
Income from work performed and capitalized 15 29
Income from vehicle center services 24 25
Income from loss compensation 35 20
Reversals of impairment losses on receivables
and other assets 15 12
Income from pre-tax adjustments 0 11
Income from housing management cost equalization 10 10
Miscellaneous 120 126
1,203 1,365
The increase in other operating income is due to the one-time earn-
ings contribution from Deutsche Postbank AG’s IPO of € 92 mil-
lion (see also note 4 “Significant transactions”) as well as the rise in
exchange rate gains realized on income from investment securities
and insurance business (financial services).
Miscellaneous other operating income includes a number of
individual items that do not exceed €10 million.