DHL 2005 Annual Report Download - page 54

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The Group
Consolidated revenue growth
Consolidated revenue rose by 3.3% to €44,594 million in scal year 2005 (previous year:
€43,168 million). e share of revenue generated outside Germany amounted to €22,150
million or 49.7%. International revenue thus rose by two percentage points from 47.7% in
the previous year, retaining its past trend of constant growth. For the rst time, acquisitions
such as Blue Dart Express Ltd. (Blue Dart), Koba S.A. (Koba) and Express Couriers Ltd. con-
tributed to international revenue, namely in the amount of €746 million. Positive currency
eects of €273 million were generated. As in previous reporting periods, by far the most
revenue, in the amount of €18,273 million (previous year: €17,557 million), was generated
by the EXPRESS Corporate Division, as can be seen from the table on page 32.
Increased income and expense
Other operating income rose by 170.0% to €3,685 million (previous year: €1,365 mil-
lion). e main reasons for this were the reversal of provisions for the Postal Civil Ser-
vice Health Insurance Fund of Deutsche Post AG and Deutsche Postbank AG in the total
amount of €1,208 million as well as the reversal of VAT provisions of €369 million. Oth-
er operating expenses also rose. e increase of €451 million to €4,407 million (+11.4%)
was primarily due to an obligation to pay outstanding capital tax and trade capital tax that
arose in the rst half of the year. As previously reported, Deutsche Post AG had to pay tax
arrears of €191 million as the result of an external tax audit.
A further increase in materials expense of €1,954 million to €23,869 million was recorded
(previous year: €21,915 million). is is mainly (+ €1,436 million) due to the increase
in transportation costs observed in connection with the rise in volumes primarily in the
Asia Pacic region, and in the LOGISTICS Corporate Division in particular. Acquisitions
including Blue Dart, Koba and Express Couriers also contributed to the increase in ma-
terials expense, though to a lesser extent. Expenses from banking transactions fell by
€279 million to €3,758 million (previous year: €4,037 million) on account of lower interest
expenses.
Sta costs climbed 3.6% to €14,337 million (previous year: €13,840 million). In particu-
lar, increases in the number of employees as a result of acquisitions as well as expenses
for the recognition of restructuring provisions at Deutsche Post AG contributed around
€500 million of this increase. This was offset by reversals of pension provisions of
€462 million ( curtailment) of which €402 million related to Deutsche Post AG.
Depreciation, amortization and impairment losses for the period under review rose by
€90 million over the previous year to €1,911 million (previous year: €1,821 million). Un-
der the new IFRS 3, goodwill is no longer amortized from 2005; in the previous year, this
amounted to €370 million. However, in the current scal year, an impairment loss of
€434 million was recognized on the goodwill for the EXPRESS Americas region. In ad-
dition, higher impairment losses were also recognized for internally developed soware
in 2005.
Item 15 in the “Notes“ section
Item 4 in the “Notes” section
Item 14 in the “Notes” section
Item 11 in the “Notes” section
Consolidated revenue
€bn per fiscal year
00
32.7 33.4
01
39.3
02
40.0
03
43.2
04
44.6
05
Annual Report 2005
50