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Notes
8 Consolidation methods
e consolidatednancial statements are based on the IFRS nancial
statements of Deutsche Post AG and its consolidated subsidiaries, joint
ventures and associates, prepared in accordance with uniform accounting
policies as of December ,  and audited by independent auditors.
Acquisition accounting for subsidiaries included in the consolidated nancial
statements uses the purchase method of accounting. e cost of the acquisition
corresponds to the fair value of the assets given up, the equity instruments
issued and the liabilities incurred or assumed at the transaction date, plus any
costs directly attributable to the acquisition.
Joint ventures are proportionately consolidated in accordance with IAS .
Assets and liabilities, as well as income and expenses, of jointly controlled
companies are included in the consolidated nancial statements in proportion
9 Segment reporting
Segments by division
January 1 to December 31
MAIL EXPRESS1), 2) LOGISTICS1), 2)
FINANCIAL
SERVICES1), 2) SERVICES1), 2) CONSOLIDATION2) GROUP1)
€m 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006
External revenue 12,165 12,549 16,283 16,587 9,391 22,245 6,615 9,019 140 145 0 0 44,594 60,545
Internal revenue 713 737 548 608 542 494 474 574 3,734 3,903 –6,011 –6,316 0 0
Total revenue 12,878 13,286 16,831 17,195 9,933 22,739 7,089 9,593 3,874 4,048 –6,011 –6,316 44,594 60,545
Profit or loss from operating
activities (EBIT) 2,030 2,054 –23 325 346 762 863 1,004 679 –237 –131 –36 3,764 3,872
Net income from associates 0060 511 –1 00000071 4
Segment assets3) 3,664 4,224 11,418 11,204 14,564 14,535 138,787 182,325 2,424 2,419 –2,966 –1,884 167,891 212,823
Investments in associates3) 22 22 36 35 23 5 0 0 –3 1 0 0 78 63
Segment liabilities including
non-interest-bearing
provisions3) 1,926 2,194 3,370 3,462 4,713 5,282 129,261 169,502 2,819 1,268 –2,744 –1,746 139,345 179,962
Segment investments 230 948 1,112 794 7,505 736 188 1,708 606 461 –94 –233 9,547 4,414
Depreciation, amortization,
and write-downs 315 314 853 440 106 378 173 172 514 467 0 0 1,961 1,771
Other non-cash expenses 189 140 149 201 19 202 317 499 526 133 0 0 1,200 1,175
Employees4) 129,200 131,719 120,862 123,728 46,880 157,949 22,169 23,285 28,496 24,541 0 0 347,607 461,222
Segments by region
January 1 to December 31
Germany
Europe excluding
Germany Americas Asia Pacific Other regions Group
€m 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 2006
External revenue 22,444 24,829 11,089 18,072 6,787 11,130 3,562 5,580 712 934 44,594 60,545
Segment assets1), 3) 133,002 167,589 19,767 29,923 10,659 11,053 3,978 3,865 485 393 167,891 212,823
Segment investments1) 1,229 2,265 6,337 1,233 1,223 655 651 219 107 42 9,547 4,414
1) Prior-period amounts restated, see Note 5.
2) Prior-period amounts restated, see Note 9.
3) As of December 31.
4) Average (FTEs).
to the interest held in these companies. Proportionate acquisition accounting
as well as recognition and measurement of goodwill use the same methods as
applied to the consolidation of subsidiaries.
Companies on which the parent can exercise signicant inuence (associates)
are carried at equity using the purchase method of accounting. Any goodwill
is recognized under investments in associates.
Intragroup revenue, other operating income and expenses as well as receivables,
liabilities and provisions between consolidated companies are eliminated.
Intercompany prots or losses from intragroup deliveries and services not
realized by sale to third parties are eliminated.
117
Deutsche Post World Net Annual Report 2006
Consolidated Financial Statements