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Relationships with the Bundesanstalt für Post und Telekommunikation
(BAnstPT)
e Federal Republic of Germany manages its interest in Deutsche Post AG
and exercises its shareholder rights via the Bundesanstalt für Post und
Telekommunikation (“Bundesanstalt”) which has legal capacity and falls
under the supervision of the German Federal Ministry of Finance. e Gesetz
über die Errichtung einer Bundesanstalt für Post und Telekommunikation or
Bundesanstalt Post Gesetz (
BAnstG – German Act to Establish a Deutsche
Bundespost Federal Posts and Telecommunications Agency or Federal Posts
and Telecommunications Agency Act) transferred specic legal rights and
duties to the Bundesanstalt that relate to matters jointly aecting Deutsche
Post AG, Deutsche Postbank AG and Deutsche Telekom AG. In addition, the
Bundesanstalt manages the Postal Civil Service Health Insurance Fund, the
recreation program, the Versorgungsanstalt der Deutsche Bundespost
(“VA P ”) and the welfare service for Deutsche Post AG, Deutsche Postbank AG,
Deutsche Telekom AG and the Bundesanstalt. e coordination and
administration tasks are performed on the basis of agency agreements.
In , Deutsche Post AG was invoiced for  million (previous year: 
million) in installment payments relating to services provided by the
Bundesanstalt, and Deutsche Postbank AG was invoiced for  million
(previous year:  million).
Relationships with the German Federal Ministry of Finance
In scal year , the Bundesministerium der Finanzen (BMF – German
Federal Ministry of Finance) and Deutsche Post AG entered into an agreement
that governs the terms and conditions of the transfer of income received by
Deutsche Post AG from the levying of the settlement payment under the
Gesetze über den Abbau der Fehlsubventionierung im Wohnungswesen
(German Acts on the Reduction of Misdirected Housing Subsidies) relating
to housing benets granted by Deutsche Post.
e amount transferable to the German federal government for scal year
 is expected to amount to around . million (previous year: around
. million). e nal settlement will be made by February , .
Deutsche Post AG also entered into an agreement with the BMF dated
January ,  relating to the transfer of civil servants to German federal
authorities. Under this agreement, civil servants are seconded with the aim of
transferring them initially for six months, and are then transferred
permanently if they successfully complete their probation. Once a permanent
transfer is completed, Deutsche Post AG contributes to the cost incurred by
the federal government by paying a at fee. In , this initiative resulted in
 permanent transfers (previous year: ) and  secondments with the aim
of a permanent transfer (previous year: ).
Relationships with Deutsche Telekom AG and its subsidiaries
In scal year , Deutsche Post World Net provided goods and services for
Deutsche Telekom AG amounting to . billion (previous year: . billion).
ese were mainly transportation services for letters and parcels. In the same
period, Deutsche Post World Net purchased goods and services (including IT
products and services) worth . billion (previous year: . billion) from
Deutsche Telekom.
Deutsche Telekom AG and Deutsche Postbank AG have also entered into a
master loan agreement for . billion (previous year: . billion).
In addition, there are links between Deutsche Post AG and Deutsche Telekom
AG in terms of personnel. For example, the Chairman of the Board of
Management of Deutsche Post AG, Dr. Klaus Zumwinkel, is also Chairman of
the Supervisory Board of Deutsche Telekom AG.
Bundes-Pensions-Service für Post und Telekommunikation e.V.
Information on the Bundes-Pensions-Service für Post- und Telekommunika-
tion e.V. can be found in Note .
56.2 Related-party disclosures (individuals)
In accordance with IAS , Deutsche Post World Net also reports on
transactions between Deutsche Post World Net and related parties or the
members of their families. Related parties are dened as the Board of
Management, Supervisory Board, heads of corporate departments or business
departments (second-level executives) and the members of their families.
e following transactions were entered into between Deutsche Post World
Net and related parties in scal year :
In two cases, members of the Supervisory Board received loans at standard
market conditions totaling ,. Furthermore, in one case, a consultancy
agreement was entered into between Deutsche Post AG and a related party.
e volume of this transaction was ,. ere were no material
transactions between Deutsche Post World Net and Supervisory Board
members or executives of Group management level one.
With regard to second-level executives, agreements were entered into between
Deutsche Post AG and a close family member. e relationship here was either
directly with the spouse or with the spouse’s company. e type of transaction
primarily involved providing consultancy and other services, and in one case
a supervisory board mandate was assumed. e volume of these transactions
was between , and ,. In one case, an agreement was entered
into between Deutsche Post and a company at which a close family member is
employed in a managerial role. One executive was appointed a member of the
board of trustees/management of a charitable organization in England that
receives logistics services from Deutsche Post AG. e volume of this
transaction was less than ,. Heads of corporate departments or
business departments were granted loans totaling . million with terms of
between  and  years. Interest rates are between . and .. e
amount of the loans was . million as of December , .
Remuneration of the Board of Management and the Supervisory Board
Details on the remuneration of the Board of Management and the Supervisory
Board as well as on reportable transactions can be found in the Corporate
Governance Report. e remuneration report contained in the latter forms
part of the Notes in this area.
154
Deutsche Post World Net Annual Report 2006