DHL 2005 Annual Report Download - page 107

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Expenses from banking transactions 2004 2005
€m
Interest expense on liabilities 1,963 2,182
Interest expense on securitized liabilities 934 727
Interest expense on subordinated debt 103 171
Commission expense 94 103
Other interest expenses 943 575
4,037 3,758
e reduction in expenses from banking transactions is largely due to
the fall in interest rates. e interest expense on securitized liabilities
fell as a result of the reduced volume (see also note 47).
13 Staff costs/employees
Staff costs 20041) 2005
€m
Wages, salaries and compensation 11,272 11,249
of which expenses for options under
the stock option plans 31 36
of which expenses for SARs under
the stock option plans 2 4
Social security contributions 1,788 2,248
Retirement benefit expenses, welfare and
assistance benefits 780 840
13,840 14,337
1) Reclassifications within and between income statement items due to the chart of accounts; see
also note 5.
e increase in social security contributions is mainly due to the in-
crease in severance pay.
Retirement benet expenses include €650 million (previous year:
€650 million) relating to contributions by Deutsche Post AG and
€64 million (previous year: €67 million) relating to contributions
by Deutsche Postbank AG to Bundes-Pensions-Service für Post und
Telekommunikation e.V. Further details can be found in note 40.
Sta costs relate mainly to wages, salaries and compensation, as well
as all other benets paid to employees of the Group for their services
in the year under review. Social security contributions relate in par-
ticular to statutory social security contributions paid by employers.
Retirement benet expenses relate to current and former employees
or their surviving dependants. ese expenses consist of additions to
pension provisions, employer contributions to supplementary occu-
pational pension plans and retirement benet payments by employ-
ers for their employees.
e average number of employees of Deutsche Post World Net in the
year under review, classied by employee groups, was as follows:
Employees 2004 2005
Hourly workers and salaried employees 307,843 324,368
Civil servants 67,618 64,491
375,461 388,859
e number of full-time equivalents as of December 31, 2005 was
455,115 employees (December 31, 2004: 340,667 employees). e
employees of companies acquired or disposed of during the year un-
der review were included ratably. e employees of the joint venture
companies have been included proportionately.
14 Depreciation, amortization and impairment losses
Depreciation, amortization and impairment losses
20041) 2005
€m
Amortization of intangible assets, excluding
the impairment of goodwill 270 369
Depreciation of property, plant and equipment
Buildings 261 271
Technical equipment and machinery 253 268
Other equipment, operating and office
equipment, vehicle fleet 589 487
Aircraft 78 76
1,451 1,471
Impairment of goodwill1) 370 440
1,821 1,911
1) Reclassifications within and between income statement items due to the chart of accounts as
well as the IFRSs; see also note 5.
€110 million of write-downs in scal year 2005 relates to intangible
assets and €43 million to land and buildings. €434 million of the im-
pairment of goodwill relates to the EXPRESS Americas business (see
also note 7).
Deutsche Post World Net
103
Notes
Consolidated Financial StatementsAdditional Information