DHL 2006 Annual Report Download - page 123

Notes
Reconciliation of segment amounts to consolidated amounts:
Reconciliation
Segments total Reconciliation Consolidated amount
€m 2005 2006 2005 2006 2005 2006
External revenue 44,594 60,545 0 0 44,594 60,545
Internal revenue 6,011 6,316 –6,011 –6,316 0 0
Revenue 50,605 66,861 –6,011 –6,316 44,594 60,545
Other operating income 4,664 4,730 –979 –1,909 3,685 2,821
Materials expense –28,685 –39,432 4,917 5,083 –23,768 –34,349
Staff costs –14,359 –18,631 22 15 –14,337 –18,616
Other operating expenses –6,369 –7,849 1,920 3,091 –4,449 –4,758
Depreciation, amortization, and impairment losses –1,961 –1,771 0 0 –1,961 –1,771
EBIT 3,895 3,908 –131 –36 3,764 3,872
Net income from associates 71 4 0 0 71 4
Net other finance costs –782 –1,034
Income taxes –605 –560
Consolidated net profit for the period 2,448 2,282
Assets 170,935 214,770 1,705 2,928 172,640 217,698
of which investments in associates 78 63 0 0 78 63
Liabilities 142,089 181,708 18,136 22,038 160,225 203,746
of which investments in associates 000000
e reconciliation column contains the eects of consolidation adjustments
and the amounts from the diering denitions of segment items compared
with the corresponding item for the Group.
•External revenue is the revenue generated by the divisions from non-
Group third parties.
•Internal revenue is revenue generated with other divisions. If comparable
external market prices exist for services or products oered internally
within the Group, these market prices or market-oriented prices are
used as transfer prices (arm’s length principle). e transfer prices for
services for which no external market exists are generally based on incre-
mental costs.
•e expenses for IT services provided in the IT service centers are allocated
to the divisions by cause. at portion of the expenses which cannot be
passed on to the divisions according to the arm’s length principle continues
to be included in the SERVICES segment.
•e additional costs resulting from Deutsche Post AG’s postal universal
service obligation (nationwide retail outlet network, delivery every working
day), and from its obligation to assume the compensation structure as the
legal successor to Deutsche Bundespost, are allocated to the MAIL Division.
•e segment income and expense of the FINANCIAL SERVICES Division
also include the Deutsche Postbank Group’s interest, fee and commission
income and expense because these are allocated to the business operations
of this division.
•Segment assets are composed of noncurrent assets (excluding noncurrent
nancial assets) and current assets (excluding income tax receivables, cash
and cash equivalents, and current nancial instruments). e receivables and
other securities from nancial services are reported under the FINANCIAL
SERVICES segment. Purchased goodwill is allocated to the divisions.
Reconciliation to segment assets
€m 2005 2006
Intangible assets 13,026 14,652
Property, plant, and equipment 9,908 9,388
Other noncurrent assets 35 73
Inventories 282 268
Noncurrent assets held for sale 28 56
Tax receivables (excluding income taxes) 298 389
Receivables and other assets 8,101 8,717
Receivables and other securities from
financial services 136,213 179,280
167,891 212,823
•Segment liabilities relate to non-interest-bearing provisions and liabilities
(excluding income tax liabilities) and to liabilities from nancial services.
Reconciliation to segment liabilities
€m 2005 2006
Other provisions (current) 1,211 1,054
Other liabilities (current) 3,604 4,142
Tax provisions 231 223
Trade payables 4,971 5,089
Liabilities from financial services 128,693 168,663
Tax liabilities (excluding income taxes) 615 774
Liabilities associated with noncurrent assets
held for sale 20 17
139,345 179,962
•e segment investments relate to intangible assets (including purchased
goodwill) and property, plant, and equipment.
•Depreciation, amortization, and write-downs relate to the segment assets
allocated to the individual divisions.
•Other non-cash expenses relate primarily to expenses from the recognition
of provisions.
119
Deutsche Post World Net Annual Report 2006
Consolidated Financial Statements