DHL 2005 Annual Report Download - page 143
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56 Significant subsidiaries, joint ventures and associates
Significant subsidiaries, joint ventures and associates Dec. 31, 2004 Dec. 31, 2005 2004 2005
Country
Equity interest
and share of
voting rights
%
Equity interest
and share of
voting rights
%
Revenue1)
€m
Revenue1)
€m
MAIL
Global Mail Inc. USA 100.00 100.00 156 593
Interlanden B.V. Netherlands 100.00 100.00 76 71
Deutsche Post Global Mail (UK) Ltd. UK 100.00 100.00 58 63
Deutsche Post In Haus Service GmbH Germany 100.00 100.00 57 63
Deutsche Post Customer Service Center GmbH Germany – 100.00 – 622)
EXPRESS/LOGISTICS
DHL Express (USA) Inc. USA 100.00 100.00 1,032 3,561
DHL Express Vertriebs GmbH & Co. OHG Germany 100.00 100.00 1,550 1,548
Air Express International USA Inc. USA 100.00 100.00 1,226 1,372
DHL Freight GmbH Germany 100.00 100.00 730 1,166
DHL Express (France) SAS France – 100.00 – 9873)
DHL Express (Sweden) AB Sweden 100.00 100.00 829 853
DHL Express (Italy) S.r.L. Italy 100.00 100.00 648 807
DHL Express (UK) Limited UK 100.00 100.00 641 646
DHL International (UK) Ltd. UK 100.00 100.00 562 569
DHL Express Betriebs GmbH Germany 100.00 100.00 547 534
DHL Danzas Air & Ocean Germany GmbH Germany 100.00 100.00 452 514
DHL Express Iberia S. L. (subgroup) Spain 100.00 100.00 283 504
DHL Solutions GmbH Germany 100.00 100.00 251 480
DHL Logistics (HK) Ltd. Hong Kong 100.00 100.00 346 421
DHL Freight and Contract Logistics (UK) Limited UK 100.00 100.00 334 372
DHL Express (Netherlands) B.V. Netherlands 100.00 100.00 358 368
DHL Japan Inc. Japan 100.00 100.00 320 363
DHL Logistics (UK) Ltd. UK 100.00 100.00 337 334
FINANCIAL SERVICES
Deutsche Postbank AG (subgroup) Germany 66.77 66.77 6,426 6,355
Deutsche Post Retail GmbH Germany – 100.00 – 1,2284)
Significant joint ventures
Express Couriers Ltd. New Zealand – 50.00 – 755)
Significant associates6)
Please note: Due to its inclusion as of December 31, 2005 into the consolidated financial
statements, the Exel group has not yet been included in the 2005 consolidated revenue.
1) IAS amounts reported in single-entity financial statements
2) Consolidated subsidiary since January 2005
3) Transfer of operations of several French Group companies to DHL Express (France) SAS in 2005
following the merger as of December 31, 2004
4) Merger of retail outlet networks with Deutsche Post Retail GmbH as of January 1, 2005
5) Acquired in January 2005
6) trans-o-flex Schnell-Lieferdienst GmbH, which was reported here in the previous year, was sold in
March 2005.
Deutsche Post World Net
139
Notes
Consolidated Financial StatementsAdditional Information