DHL 2007 Annual Report Download - page 145
Download and view the complete annual report
Please find page 145 of the 2007 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.141
Notes Consolidated Financial Statements
Deutsche Post World Net Annual Report 2007
Income Statement Disclosures
9 Revenue and income from banking transactions
€m 2006 2007
Revenue 51,592 53,719
Income from banking transactions 8,953 9,793
Revenue and income from banking
transactions 60,545 63,512
As in the prior-year period, there was no revenue or income from bank-
ing transactions in nancial year 00 that was generated on the basis
of barter transactions.
e
LOGISTICS Division in particular achieved a substantial increase in
revenue primarily due to the -year contract with the British National
Health Service (NHS). e revenue contribution from TSO, which was
consolidated for the rst time in the year under review, was € mil-
lion (see Note ).
e further classi cation of revenue by division and the allocation of
revenue and income from banking transactions to geographical regions
is presented in the segment reporting.
€m 2006 2007
Interest income
Interest income from credit and money
market transactions 5,058 5,409
Interest income from fi xed-income securities
and book-entry securities 2,068 2,491
Income from equities and other
non-fi xed-income securities 231 103
Interest income from trading operations 249 347
Net gains/losses from remeasurement
of hedges 8 –1
7,614 8,349
Commission income 1,075 1,154
Net trading income 264 290
Income from banking transactions 8,953 9,793
e method of reporting the net gains/losses from the fair value op-
tion was changed compared with the prior year. Changes in the fair
value of the related nancial instruments are now reported in net trad-
ing income, rather than in net interest income. e prior-year amounts
have been restated accordingly. Interest relating to nancial instruments
covered by the fair value option and to the associated interest rate swaps
is reported in net interest income as before.
10 Other operating income
€m 2006 2007
Net income from investment securities and
insurance business (Deutsche Postbank Group) 234 294
Gains on disposal of non-current assets 274 275
Income from the reversal of provisions 294 272
Income from currency translation differences 207 262
Income from work performed and capitalised 197 190
Insurance income 164 176
Rental and lease income 91 95
Reversals of impairment losses on receivables
and other assets 58 85
Commission income 75 78
Income from prior-period billings 86 76
Income from fees and reimbursements 59 73
Income from the sale of Vfw AG, Germany 0 59
Income from the derecognition of liabilities 91 54
Income from loss compensation 34 27
Income from payments received on bad debt 10 17
Subsidies 11 11
Income from non-hedging derivatives 46 7
Gains on disposal of Postbank shares due to
conversion right from exchangeable bond 276 0
Income from arbitration proceedings against
Deutsche Telekom AG 99 0
Income from the reversal of the provision
for Bundes-Pensions-Service für Post und
Telekommunikation e.V. 80 0
Income from the sale of Modra Pyramida 64 0
Income from cost transfers in connection with
BAnstPT (Federal Posts and Telecommunications
Agency) 55 0
Income from the sale of McPaper AG 10 0
Miscellaneous 306 535
Other operating income 2,821 2,586
Income from investment securities and insurance business ( Deutsche
Postbank Group) includes a number of non-recurring effects (see
Note ).
e decline in other operating income primarily re ects the non-recur-
ring income in the previous year from the sale of the shares in Postbank
and the positive outcome of the arbitration proceedings against Deutsche
Telekom AG. Miscellaneous other operating income contains a number
of individual items.
11 Materials expense and expenses from
banking transactions
€m 2006 2007
Materials expense 28,641 30,488
Expenses from banking transactions 5,708 6,387
Materials expense and expenses from
banking transactions 34,349 36,875