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139
Notes Consolidated Financial Statements
Deutsche Post World Net Annual Report 2007
8 Segment reporting disclosures
Segment reporting was prepared in accordance with IAS (Segment
Reporting). e presentation of speci c data from the consolidated
nancial statements is classi ed by divisions and regions, based on
the Group’s internal reporting and organisational structure. Segment
reporting is designed to enable a transparent view of the earnings power,
net assets and nancial position of the individual components of the
Group’s activities and regions. For the segment reporting which forms
part of the Notes, see page .
Prior-period amounts were restated due to the transfer of the German
parcel business from the EXPRESS Division to the MAIL Division as at
January and the transfer of DHL Freight from the EXPRESS Divi-
sion to the LOGISTICS Division and of the hubs and aviation services
from the SERVICES segment to the EXPRESS Division as at July .
In addition, some companies were transferred in the course of portfolio
optimisation measures.
Re ecting the Group’s predominant organisational structure, the pri-
mary reporting format is based on the divisions. Deutsche Post World
Net distinguishes between the following divisions:
8.1 Segments by division
MAIL
In addition to the transport and delivery of written communications, the
MAIL Division is positioning itself as an end-to-end service provider for
the management of written communications. e division comprises the
following business units: Mail Communication, Dialogue Marketing,
Press Services, Parcel Germany, Global Mail and Corporate Informa-
tion Solutions.
EXPRESS
e
EXPRESS Division o ers national and international courier, express
and parcel services (DHL EXPRESS) under the DHL brand. E ective
July , the European overland transport business – now the DHL
Freight Business Unit – was transferred from the EXPRESS Division
to the LOGISTICS Division. As part of the reorganisation of the global
express network, hubs and global network aviation were removed from
the SERVICES segment and transferred to the EXPRESS Division.
LOGISTICS
e
LOGISTICS Division comprises the national and international logis-
tics services of the DHL Global Forwarding and DHL Exel Supply Chain
business units and, since July , the European overland transport
business DHL Freight under the DHL brand.
FINANCIAL SERVICES
e
FINANCIAL SERVICES Division consists of the Deutsche Postbank
Group’s activities. Deutsche Postbank Group o ers a wide range of
standardised banking services, including payments, deposits, retail and
corporate banking, fund products and investment securities services.
E ective January , Deutsche Postbank AG took over DP Retail
GmbH, thus acquiring retail outlets of Deutsche Post AG. e trans-
fer of ownership led to a change of employer for around , employees.
e retail outlets still owned by Deutsche Post AG are reported in the
SERVICES segment. In addition, the FINANCIAL SERVICES segment
includes the Pension Service.
e following table shows a breakdown of the FINANCIAL SERVICES
Division’s pro t from operating activities (EBIT) by segment component:
FINANCIAL SERVICES EBIT
€m 2006 2007
Deutsche
Postbank Group Pension Service Other Total
Deutsche
Postbank Group Pension Service Other Total
EBIT 1,000 7 –3 1,004 1,069 7 0 1,076
SERVICES
e
SERVICES segment contains the company’s Global Business Serv-
ices with the following areas: Legal, Insurance, Procurement, Finance
Operations, IT Services, Real Estate, Fleet Management and Business
Consulting. It also includes the Corporate Centre and those retail outlets
still belonging to Deutsche Post AG. is segment also reports Deutsche
Post AG income and expenses which cannot be allocated to an individu-
al division. As part of the reorganisation of the global express network,
hubs and global network aviation were removed from the SERVICES
segment with e ect from July and transferred to the EXPRESS
segment.
Consolidation
e amounts for the divisions are presented a er consolidating interseg-
ment transactions, which are eliminated in the consolidation column.
Reconciliation of segment amounts to consolidated amounts
e reconciliation column contains the e ects of consolidation adjust-
ments and the amounts from the di ering de nitions of segment items
compared with the corresponding item for the Group.