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Deutsche Post World Net Annual Report 2007
52 Related-party disclosures
52.1 Related-party disclosures
(companies and Federal Republic of Germany)
All companies classi ed as related parties that are controlled by Deutsche
Post World Net or on which the Group can exercise signi cant in uence
are recorded in the list of shareholdings together with information on
the equity interest held, their equity and their net pro t or loss for the
period, broken down by division. e list of shareholdings is led with
the commercial register of the Bonn Local Court.
Deutsche Post AG and Deutsche Postbank AG have a variety of rela-
tionships with the Federal Republic of Germany and other companies
controlled by the Federal Republic of Germany.
e federal government is a customer of Deutsche Post AG and as such
uses the company’s services. Deutsche Post AG’s business relationships
are entered into with the individual public authorities and other gov-
ernment agencies as independent individual customers. e services
provided to the respective individual customers are immaterial to the
overall revenue of Deutsche Post AG.
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 Telekom-
munikation or Bundesanstalt Post Gesetz (BAnstG – German act to es-
tablish a Deutsche Bundespost Federal Posts and Telecommunications
Agency) transferred speci c legal rights and duties to the Bundesan-
stalt 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
programme, the Versorgungsanstalt der Deutsche Bundespost (“VAP”)
and the welfare service for Deutsche Post AG, Deutsche Postbank AG,
Deutsche Telekom AG and the Bundesanstalt. e co-ordination and
administration tasks are performed on the basis of agency agreements.
In , Deutsche Post AG was invoiced for million (previous year:
million) in instalment 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 nancial year , the Bundesministerium der Finanzen (BMF – Ger-
man 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 hous-
ing subsidies) relating to housing bene ts granted by Deutsche Post. In
nancial year Deutsche Post AG paid to the federal government
the aggregate amount of approximately . million for nancial year
and around million in monthly instalments relating to nancial
year . As agreed, the nal settlement for nancial year will be
made by July .
Deutsche Post AG also entered into an agreement with the BMF dated
January relating to the transfer of civil servants to German fed-
eral authorities. Under this agreement, civil servants are seconded with
the aim of transferring them initially for six months, and are then trans-
ferred 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 two
secondments with the aim of a permanent transfer (previous year: ).
Relationships with Deutsche Telekom AG and its subsidiaries
In nancial 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 . bil-
lion (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 Manage-
ment 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 Telekom-
munikation e.V. can be found in Note .
Deutsche Post Pensions-Fonds GmbH & Co. KG
e real estate, with a fair value of , million, of which Deutsche
Post Betriebsrenten Service e.V. (DPRS) and/or Deutsche Post Pensions-
fonds GmbH & Co. KG are the legal or bene cial owners, is exclusively
let to Deutsche Post Immobilien GmbH. Rental expense for Deutsche
Post Immobilien GmbH amounts to . million in (previous
year: . million). e rent was always paid on time. erefore no ex-
pense was incurred for bad debt losses in and is not expected to be
incurred in future years. ere were no sales relationships between ex-
ternal authorities and a Group company of Deutsche Post AG in .
Relationships with unconsolidated companies and associates
In addition to the consolidated subsidiaries, Deutsche Post World Net
has direct and indirect relationships with a large number of unconsoli-
dated subsidiaries and associates deemed to be related parties to the
Group, in the course of its ordinary business activities. In the course
of these activities, all transactions for the provision of goods and serv-
ices entered into with unconsolidated companies were conducted on
an arm’s length basis at standard market terms and conditions. Trans-
actions were made in nancial year with major related parties,
resulting in the following items in the nancial statements of Deutsche
Post World Net:
€m 2006 2007
Receivables 73 43
Loans 18 17
Receivables from inhouse banking 14 6
Financial liabilities –32 –45
Liabilities –61 –57
Liabilities from inhouse banking –13 –15