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Deutsche Post World Net Annual Report 2007
Segment liabilities relate to non-interest-bearing provisions and liabili-
ties (excluding income tax liabilities) and to liabilities from nancial
services.
€m 2006 2007
Total assets 217,698 235,466
Equity –13,952 –13,859
Non-current provisions –12,340 –10,573
No n- c ur re nt lia bi lit ie s – 8,780 – 8,986
Cur r ent p rov isi on s – 616 – 693
Current liabilities –2,048 –1,905
Reconciliation to segment liabilities 179,962 199,450
e segment investments relate to intangible assets (including purchased
goodwill) and property, plant and equipment. Depreciation, amortisa-
tion and write-downs relate to the segment assets allocated to the indi-
vidual divisions. Other non-cash expenses relate primarily to expenses
from the recognition of provisions.
8.2 Segments by region
e allocation of external revenue is based on the location of the custom-
ers. Only revenue generated from non-Group third parties is disclosed.
Segment assets are allocated according to the location of the assets. ey
are composed of the non-current assets (excluding non-current nancial
assets) and current assets (excluding income tax assets, cash and cash
equivalents, and current nancial instruments) of the individual re-
gions. Segment assets also include receivables and other securities from
nancial services, as well as purchased goodwill, which are generally
allocated on the basis of the domicile of the Group companies. Segment
investments are also allocated on the basis of the location of the as-
sets. ey include investments in intangible assets (including purchased
goodwill) and property, plant and equipment.
Reconciliation
€m Segments total Reconciliation Consolidated amount
2006 2007 2006 2007 2006 2007
External revenue 60,545 63,512 0 0 60,545 63,512
In ter na l r ev en ue 4,407 4,368 – 4,407 – 4,368 0 0
Total r eve nu e 64,952 67,880 – 4,407 – 4,368 60,545 63,512
Other operating income 4,766 4,219 –1,945 –1,633 2,821 2,586
Materials expense –39,216 – 41,265 4,867 4,390 –34,349 –36,875
Staff costs –18,631 –18,491 15 20 –18,616 –18,471
Ot he r op er ati ng e xp en se s – 6,192 – 6,784 1,434 1,591 – 4,758 –5,193
Depreciation, amortisation and impairment losses –1,771 –2,357 0 0 –1,771 –2,357
Profi t from operating activities (EBIT) 3,908 3,202 –36 0 3,872 3,202
Net income from associates 43 00 43
Net other fi nance costs –1,034 –1,013
Income taxes –560 –307
Consolidated net profi t 2,282 1,885
of which attributable to Deutsche Post AG shareholders 1,916 1,389
of which attributable to minorities 366 496
Assets 214,440 229,385 3,258 6,081 217,698 235,466
of which investments in associates 63 203 0 0 63 203
Liabilities 181,374 200,973 22,372 20,634 203,746 221,607
of which investments in associates 0 0 0 0 0 0
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 princi-
ple). e transfer prices for services for which no external market exists
are generally based on incremental costs.
e expenses for IT services provided in the IT service centres are allo-
cated to the divisions by cause. at portion of the expenses which can-
not 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 succes-
sor to Deutsche Bundespost, are allocated to the MAIL Division. e seg-
ment 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 opera-
tions of this division. Segment assets are composed of non-current assets
(excluding non-current nancial assets) and current assets (excluding
income tax receivables, cash and cash equivalents and current nancial
instruments). e receivables and other securities from nancial serv-
ices are reported under the FINANCIAL SERVICES segment. Purchased
goodwill is allocated to the divisions.
€m 2006 2007
Total assets 217,698 235,466
Investment property –122 –187
Non-current fi nancial assets –994 –1,060
Other non-current assets –303 – 413
Deferred tax assets –542 –1,020
Income tax assets –281 –312
Receivables and other assets –200 –141
Financial instruments – 42 –72
Cash and cash equivalents –2,391 – 4,683
Reconciliation to segment assets 212,823 227,578